LONDON: Britain was on Thursday set to demand the European Union repay £1 billion ($1.34 billion, 1.14 billion euros) if it is excluded from the Galileo satellite project post-Brexit, according to newspaper reports. Britain’s Department for Exiting for the European Union was expected Thursday to release a report on the satellite navigation project, and Brussels’ decision to deny London access to its encrypted signals. It is expected to raise the possibility of recovering Britain’s £1 billion investment in the system, according to the Daily Telegraph. London has warned that being frozen out could have implications for the its future defence partnership with the EU. Spain, Sweden, the Netherlands and the Baltic states have also objected to denying Britain access, said the report.

Source: New Strait Times May 24, 2018 07:41 UTC