- EU special summit in Versailles: discussion on energy import ban and price cap
- Russian raw materials: pressure on Switzerland increases
- LfM boss Schmid wants media institutions as digital services coordinators
- DSA and DMA Trilogies: advertising and data portability
- EP: Pegasus special committee decided
- EU Health Data Space: Commission proposal on the table
- Hundreds of leased aircraft stuck in Russia
- Interest rate turnaround: Lagarde keeps her cards close to her chest on timing
- Max Müller – Bayer’s chief lobbyist
Dear reader,
With drastic words, Latvian Prime Minister Krisjanis Karins yesterday called for even tougher sanctions against Russia: “We must not only isolate Putin’s economy, but cripple it.” However, at the informal summit of 27 heads of state and government, there was no majority in favor of stopping oil and gas imports from Russia, as Stephan Israel reports from Versailles. The EU Commission is now to present proposals on how Europe can end its dependence on Russian energy sources as early as 2027 and how it can respond to the enormously high energy prices. This could include a price cap. However, Germany and other countries have so far rejected this very expensive option.
Even Switzerland, whose highest principles include foreign policy neutrality, has adopted Western sanctions against Russia, albeit under pressure from Washington. Since then, the understanding of neutrality has been debated in the country, but in view of the clear situation under international law, standing aside would possibly have been the actual breach of neutrality.
With regard to the Digital Services Act, which is currently in the trilogue, the question currently arises as to who will be responsible for enforcing the rules. The state media authorities see this task as their own, since the federal system is the only way to ensure the necessary state neutrality, says Tobias Schmid, Director of the State Media Authority of North Rhine-Westphalia and European Commissioner of the Directors’ Conference of the Media Authorities (DLM), in an interview with Torsten Kleinz.
Feature
EU Summit: no majority for energy sanctions
The setting could not have been more symbolic, the contrast to the seriousness of the situation could hardly have been greater. Emmanuel Macron received the EU heads of state and government yesterday for the two-day informal summit at the Palace of Versailles. Against the backdrop of Russia’s war of aggression on Ukraine, the French president called for unity and strength.
The focus here was on how the EU can reduce its dependence on Russian energy sources, strengthen its defense capabilities and make the economy more resilient. It is possible that Vladimir Putin will use gas supplies as a weapon, Macron warned in the evening. Europe is dependent and vulnerable here. The EU must prepare for all scenarios.
Latvian Prime Minister Krisjanis Karins was among those who also publicly pleaded for a faster pace on sanctions: “We must not only isolate Putin’s economy, but cripple it.” The EU must exclude all Russian banks from the payment service provider Swift and stop the import of oil and gas. Only in this way could Putin be forced to the negotiating table and the war stopped.
- Energy
- European policy
- Natural gas
- Russia
Continue reading now
… and get free access to this Professional Briefing for a month.
Are you already a guest at the Europe.Table?