March 11, 2022
1 min read

EU to phase out Russian energy

Faced with rising fuel prices, Europe should not be dependent on Russia for gas, Macron said, adding that it should also be able to supply its own markets, and defend itself independently…reports Asian Lite News

Discussions at the informal European Council meeting in Versailles, France, will focus on Europe’s approach to the Russia-Ukraine crisis, French President Emmanuel Macron said.

The goal of the two-day summit, the first during France’s six-month presidency of the European Union (EU), is to “show, and continue to construct and reinforce the unity of Europe”, Xinhua news agency quoted the President as saying.

“We need to prepare ourselves with all the scenarios,” he emphasized, referring to Russia’s ongoing war in Ukraine.

Faced with rising fuel prices, Europe should not be dependent on Russia for gas, he said, adding that it should also be able to supply its own markets, and defend itself independently.

“France depends less than others on gas…but Europe depends on gas, and 40 per cent is Russian gas,” Macron added.

Meanwhile, President of the European Commission Ursula von der Leyen said that “this is a defining moment for Europe”.

At the summit, heads of state and government will discuss how to boost European defence capacities, she said.

Europe also needs massive investment in renewables in order to remove its energy dependency, von der Leyen added.

During the talks, leaders are also expected to tackle issues related to the accession of Ukraine, Georgia and Moldova to the European Union.

ALSO READ: EU prepares to counter rising Taliban threat

Previous Story

US reported 602,350 cancer deaths in 2020

Next Story

Kerala ISIS-K recruit killed in Afghanistan

Latest from -Top News

India, Namibia to Boost Ties During Modi Visit

This will be the first visit of Prime Minister Modi to Namibia, and the third-ever Prime Ministerial visit from India to Namibia….reports Asian Lite News Prime Minister Narendra Modi’s forthcoming visit to

Quantum Leap Secures India’s Edge

The Minister said India has entered a new quantum era, set to transform future warfare….reports Asian Lite News India has taken a major leap in defence and cyber security by successfully demonstrating

India’s Growth Defies West Asia Tensions

The deepening crisis in West Asia, particularly between Israel and Iran, has had little to no visible impact on India’s economic trajectory or its export performance….reports Asian Lite News The limited trade

FM Sitharaman Embarks on Three-Nation Tour

She is leading the Indian delegation from the Department of Economic Affairs under the Ministry of Finance….reports Asian Lite News Union Finance Minister Nirmala Sitharaman commenced her official visit to Spain, Portugal,
Go toTop

Don't Miss

India, US reiterate support for Ukraine’s ‘territorial integrity’

Expressing their deep concern over the conflict in Ukraine, President

Putin vows retaliation if Ukraine uses cluster munitions

Washington’s decision to send cluster bombs to Kyiv was controversial