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Almost five years after the Brexit referendum, the European Union is still on its way to an integrated Common Foreign and Security Policy. The separation of one of the biggest economies in the Union has had economic downturns and has resulted in reduced intelligence and military capacity and experience inside the EU. On the other hand, losing Britain as a critical link and partner of the US in NATO has also affected European External Relations. The article aims to analyse some key aspects of the EU’s internal “balance of power” transformations in the EU’s institutions and their effects on the decision-making processes related to the European external relations since Brexit.