As Russia’s ruthless invasion continues, the EU and our G7 partners continue to ramp up the economic pressure on the Kremlin.
Tomorrow, we will introduce a fourth package of measures to further isolate Russia and drain the resources it uses to finance this barbaric war ↓
We will:
1. Deny Russia the status of Most-Favored Nation in our markets, revoking important WTO benefits.
We’ll also work to suspend its membership rights in multilateral financial institutions like the IMF & World Bank – so no more loans or benefits from these institutions.
2. Continue pressuring Russian elites close to Putin.
3. Make sure that the Russian state and its elites cannot use crypto assets, to circumvent the sanctions.
4. Ban the export of any EU luxury goods from our countries to Russia.
Energy prices: while supporting consumers and businesses, we’ll work on increasing resilience & independence.
•See how to establish a strategic gas reserve
•Explore joint procurement
•Intensify outreach to suppliers
•Speed up work on interconnections twitter.com/i/broadcasts/1…
We will also assess how the gas, electricity and ETS markets function.
We need more renewables. They are cheaper, carbon-free and homegrown.
We also need a stable source, nuclear, and during the transition, gas.
This is why we will come forward with our taxonomy proposal.
Important discussion on rule of law and judicial independence in Poland.
The rule of law ensures mutual trust, legal certainty and equality between Member States and citizens.
A fundamental pillar of the rule of law is judicial independence.