EU leaders meet in Versailles to discuss Ukraine crisis, reduction of Russian fuel imports
EU heads of state and government gathered in the French palace of Versailles to discuss the worsening crisis in Ukraine. Europe is considering massive policy reversals, which could produce a historic impact, as a response to Russia’s military operation.
At the Palace of Versailles – famed as the seat of absolute autocracy and anti-democracy – the leaders of the European Union met in order to discuss possibly historic reversals of longstanding policies as a response to the conflict between Russia and Ukraine.
Russia is the biggest supplier of fossil fuels to the European Union, and the meeting will discuss how to reduce as much as two-thirds of its natural gas needs from Russia within a year. That is expected to be extremely painful for businesses and households and would force a reversal of green energy policies which many European politicians have insisted were of apocalyptic importance for many years.
One of the key arguments often used to defend the EU is that it is responsible for an era of European peace, but many say the two-day conference may provide the foundations for a new European army. For the first time, the EU has sent lethal weapons, even though the bloc won the Nobel Peace Prize in 2012. More than half of Europe has already sent arms to Ukraine further escalating the conflict.
To fund these changes, the leaders are discussing a potentially massive bond sale similar to the bloc’s $2 trillion COVID-19 rescue fund, which they refused to do during the Age of Austerity. The latest round of Russia-Ukraine peace talks – held in Turkey – failed to make any progress whatsoever.
The fallout from the conflict in Ukraine is provoking massive shifts in historical developments and with a rapidity few imagined possible. If the two countries can’t make peace soon the world may appear very different, very fast.
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