European Union leaders will agree at a summit this week to phase out the EU's dependency on imports of Russian gas, oil and coal, a draft statement showed, marking a turning point in its policy towards Moscow prompted by Russia's invasion of Ukraine.
EU leaders will meet in Versailles on Thursday and Friday to discuss boosting their joint defence capability and Ukraine's bid to become a member of the 27-nation bloc. L8N2V445U
The decision marks a turning point because only last year Germany was still pushing ahead to get the Russian Nord Stream 2 gas pipeline operational while Italy, Austria or Hungary - among the EU states most highly dependent on Russian energy supply - were in no rush to seek alternatives."Russia’s war of aggression constitutes a tectonic shift in European history," the leaders draft statement said.
In other strategic areas like the production of microchips, needed for most advanced machinery and electronics, the draft showed leaders would set a goal of more than doubling Europe's market share of their production to 20% by 2030.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blinken: U.S. and EU allies eyeing Russian oil banThe White House had been reluctant to take action against the world's No. 2 oil producer.
Read more »
E.U. to consider how to 'get rid of dependency on Russian fossil fuels'The European Union's executive branch will weigh proposals on how to 'get rid of' the bloc's dependency on Russian fossil fuels on Tuesday, its president has said.
Read more »
EU divided over Russian oil ban, Poland & others in favour and Germany facing growing pressure - BBGEU divided over Russian oil ban, Poland & others in favour and Germany facing growing pressure - BBG By Frank_Macro Europe Poland Germany RussianFederation
Read more »
Russian-Ukraine war: Ukraine tries to evacuate city under weeklong Russia attackA similar ceasefire collapsed Saturday, trapping women, children and older under more shelling and aerial bombardment by Russian forces.
Read more »
Russian-Ukraine war: Ukraine tries to evacuate city under weeklong Russia attackA similar ceasefire collapsed Saturday, trapping women, children and older under more shelling and aerial bombardment by Russian forces.
Read more »
Russian-Ukraine war: Ukraine tries to evacuate city under weeklong Russia attackA similar ceasefire collapsed Saturday, trapping women, children and older under more shelling and aerial bombardment by Russian forces.
Read more »