Today: 11 July 2025
11 March 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

India accidentally fired missile into Pakistan

Next Story

Kerala ISIS-K recruit killed in Afghanistan

Latest from -Top News

Masdar powers ahead in UK

€15 billion clean energy alliance powers ahead with East Anglia THREE investment and Baltic Eagle energisation….reports Asian Lite News Masdar, the UAE-based global clean energy powerhouse, and Iberdrola, one of the world’s

Indian Doctor Gets Top Sharjah Award

The award was presented by His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. In a moment of immense pride for the Indian diaspora, renowned paediatrician-turned-entrepreneur Dr.

Peace talks in the desert

President H.H. Sheikh Mohamed reiterated the UAE’s unwavering support for initiatives aimed at fostering sustainable peace, dialogue, and development in the South Caucasus. He also applauded the willingness of the Armenian and

World’s energy thirst to grow: OPEC

UAE sticks to 5 million bpd oil output goal as OPEC launches new World Oil Outlook at Vienna seminar…reports Asian Lite News Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum

Red Sea Warzone

Iran-backed rebels intensify maritime assaults in support of Gaza; US and EU condemn abductions, Israel intercepts missile….reports Asian Lite News The Iran-aligned Houthi rebels have stepped up their maritime offensive in the
Go toTop

Don't Miss

Wang Yi, Lavrov discuss Ukraine, Afghanistan

The diplomats also agreed to confront the politicization of sports

EU Urges Faster Action on Water Protection and Flood Management

To safeguard marine ecosystems, the Commission suggested enhanced efforts to