The governments of 27 member states of the European Union (EU) approved today the allocation of 5,4 billion euros from emergency European funds to help member states most affected by the economic consequences of Brexit, starting with Ireland and France.
Ireland, which is the only EU country that shares a land border with Great Britain, will receive 1,1 billion euros to compensate for losses caused by the January 1 implementation of the trade agreement between London and Brussels.
France will receive 735 million euros, a large part of which will go to the fishing sector, because access to British territorial waters has been drastically reduced.
The agreement reached on December 24 between the UK and the EU guarantees duty-free movement of most goods, but new customs regulations (registration procedures and border controls) entail significant costs for companies on both sides.
London has introduced its own support programs for British companies affected by the economic shock of Great Britain's withdrawal from the EU.
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