European Commission is making every possible effort to break back of the Russian oil export. The organization, in its recent statement, cited that to phase out Russian fossil fuels, the EU needs to accelerate its’ motive of green transition by forming long-term and reliable hydrogen partnerships.
The Commission also believes that by building major hydrogen corridors as well as making a significant investment in new hydrogen projects will reduce the gas supply reliance on Russian Federation.
“Russia is causing the increase of food prices and trying to export looted wheat and grain. We are calling on all our partners to make sure that whatever they buy, they know where it comes from, and they don’t take anything looted by the Russians from Ukraine”, the Commission further underscores.
It then highlighted the impacts being made by the Russia-Ukraine war not only on the war-torn country but also on the neighbouring states.
EU recently proposed tariff-free access for the key agricultural products of Moldova to the EU market in order to assist the country’s producers in overcoming the losses caused by the war.
“In this moment of crisis, our duty is to stand by the most vulnerable”, stated the EU.
European Commissioner for Crisis Management, Janez Lenarčič, is in Ukraine to take stock of the situation in the war-hit state. During his visit, he met with the humanitarian organizations and Ukrainian government officials to help coordinate the EU’s crisis response on the ground.
Yesterday, the Commission announced an additional sum amount of 205 million euros in humanitarian aid to Ukraine. With this, the total amount provided by the EU to Ukraine crosses the margin of 7 million.
“We will be supporting at least 200 Ukrainian deep tech start-ups with up to €60,000 each, aiming to protect their progress & drive the recovery of the Ukrainian economy”, the Commission further outlines.