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'This is Europe' – an initiative proposed by the President of the European Parliament, Roberta Metsola – consists of a series of debates with EU Heads of State or Government to discuss their visions for the future of the European Union. Following an earlier speech to the Parliament in this context by the Estonian Prime Minister, Kaja Kallas, on 3 May 2022, the Italian Prime Minister, Mario Draghi, was the first EU leader to address the Parliament after the latter's Conference of Presidents had endorsed ...

Following Russia's invasion of Ukraine, the EU is considering how it can rapidly reduce its dependence on Russian fossil fuels. The European Parliament has called for an embargo on Russian coal, oil and gas. The European Commission's 'RePowerEU' plan will mark out the next steps.

Russia remains Europe's largest supplier of coal, oil, and gas. This poses a particular difficulty for the EU and its Member States, which are urgently seeking to reduce their energy dependence. This is not only necessary to pressure Russia economically to end its invasion of Ukraine, but also to prevent Russia from weaponising its energy supplies and threatening Europe’s energy security in future. Replacing Russian natural gas will be much more difficult than replacing oil and coal, due to differences ...

The Russian war against Ukraine has a significant impact on the EU seafood sector. Increased prices for energy and raw materials have led to high operating costs for fishermen, aquaculture farmers and fish-processing companies. The European Commission has responded with emergency measures, adapting State aid rules and activating exceptional support from the European Maritime, Fisheries and Aquaculture Fund (EMFAF).

Russia’s war on Ukraine has boosted the already high prices of oil and gas in the European Union, posing a question mark over sustainable deliveries of energy to the bloc. The EU is heavily dependent on Russia for its oil and gas. In 2021, two-fifths of the gas Europeans burned came from Russia. More than a quarter of the EU’s imported crude oil came from the country. The European Commission has announced plans to cut the EU’s dependence on Russian gas by two-thirds this year. Meanwhile, Russia has ...

Russia is a major global commodity producer and exporter. The country's invasion of Ukraine has already pushed commodity prices to historically high levels, and could also lead to commodity shortages. This situation may cause considerable economic damage, with far-reaching consequences for EU industry.

This paper provides a summary of recent analyses of the economic, financial and budgetary developments in the EU and the Euro, notably following the Russian invasion in Ukraine and the outbreak of the war. It also highlights related policy recommendations made in the public domain to mitigate any adverse effects and support sustainable recovery.

The last regular European Council meeting of 2021, on 16 December, will discuss a broad range of topics, notably the coronavirus pandemic, crisis management and resilience, energy prices, security and defence, migration, and external relations. In the context of the worsening epidemiological situation and the emergence of the Omicron variant, EU leaders will address progress in vaccination across the EU and the impact of new restrictions on the single market. They will also discuss international ...

The regular European Council meeting of 21-22 October 2021 dedicated significant time to discussing the rule of law and the rise in energy prices – which have become particularly salient topics at national and European level – as well as to migration. On the rule of law, EU leaders had a political discussion, underlining the importance of the rule of law for the EU, but did not adopt concrete conclusions. Regarding the recent spike in energy prices, they agreed on pursuing short-term, tailored and ...

The regular European Council meeting of 21-22 October 2021 will discuss the coronavirus pandemic, digital policy, migration, energy prices and external relations. Regarding the coronavirus pandemic, EU Heads of State or Government will focus on EU coordination, resilience and readiness in terms of health crises and the EU's future preparedness for the short and medium terms. The discussions at the meeting on both digital policy and on migration are expected to be stock-taking exercises, assessing ...