Member States’ ambassadors to the EU opted to allocate the full €5 billion (in 2018 prices) of the Brexit adjustment reserve ahead of the implementation and disbursement of the fund, when voting on the EU Council’s position on the Brexit adjustment reserve at an ad hoc meeting of the Committee of Permanent Representatives II (Coreper II) on Thursday 29 April.
As announced (see EUROPE B12705A10), the Member States have thus changed the distribution key for the funds by abolishing the...