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UK Prime Minister Theresa May will approve payment of 50 billion GBP (64.8 billion USD) for leaving the European Union (EU) in an attempt to start trade talks with Brussels. The British government, however, will not disclose details of the proposal before the October conference of the Conservative Party, according to sources who have asked for anonymity.

UK is ready to pay up to 17 billion GBP per year to Brussels three years after Brexit before the next regular UK election to be held in 2022.

The issue of Britain’s financial obligations is one of the most difficult to clarify in the Brexit talks. Analysts expect the EU to offer an amount of around 100 billion EUR.

After the second round of talks with Brussels, EU Chief Negotiator Michel Barnier said the talks had not advanced enough to move on to clarify trade relations after leaving the bloc. The financial obligations and rights of European citizens in the UK are the most perverse themes where Brussels insists on coming to a conclusion before negotiating Brexit relationships.

