European Union leaders will agree at a summit this week to phase out the EU's dependency on imports of Russian gas, oil and coal, a draft statement showed, marking a turning point in its policy towards Moscow prompted by Russia's invasion of Ukraine.
EU leaders will meet in Versailles on Thursday and Friday to discuss boosting their joint defence capability and Ukraine's bid to become a member of the 27-nation bloc. L8N2V445U
The decision marks a turning point because only last year Germany was still pushing ahead to get the Russian Nord Stream 2 gas pipeline operational while Italy, Austria or Hungary - among the EU states most highly dependent on Russian energy supply - were in no rush to seek alternatives."Russia’s war of aggression constitutes a tectonic shift in European history," the leaders draft statement said.
In other strategic areas like the production of microchips, needed for most advanced machinery and electronics, the draft showed leaders would set a goal of more than doubling Europe's market share of their production to 20% by 2030.
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