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

Mass Expulsions Close Afghan Shops in Pakistan

As Pakistan intensifies its mass deportation drive against Afghan refugees, the once-bustling Afghan-owned businesses in Rawalpindi are falling silent. With the March 31 deadline for repatriation passed, a growing number of Afghan-run

South Korea Sets June 3 Presidential Election

South Korea will hold a presidential election on June 3, the government confirmed on Tuesday, setting the stage for a new leadership following the impeachment and removal of former President Yoon Suk

RPP Rallies for Return of Nepal’s Monarchy

Police on alert as royalist rallies return to the capital Kathmandu witnessed heightened tensions on Tuesday as the pro-monarchy Rastriya Prajatantra Party (RPP) staged a high-profile demonstration demanding the reinstatement of Nepal’s
Go toTop

Don't Miss

G7 diplomats reject Chinese, Russian aggression

Russia’s war in Ukraine will consume much of the agenda

Quadrilateral agreement inked on Black Sea electric cable

The quadrilateral intergovernmental agreement will provide the financial and technical