Berliner Boersenzeitung - EU leaders douse Ukraine's swift accession hopes at crisis summit

EUR -
AED 4.313975
AFN 80.547545
ALL 97.434934
AMD 449.73046
ANG 2.102303
AOA 1077.171324
ARS 1492.791377
AUD 1.764031
AWG 2.116752
AZN 2.0016
BAM 1.955498
BBD 2.367734
BDT 143.357833
BGN 1.958424
BHD 0.442032
BIF 3495.35953
BMD 1.174668
BND 1.502568
BOB 8.102747
BRL 6.532923
BSD 1.172619
BTN 101.493307
BWP 15.744565
BYN 3.837607
BYR 23023.499991
BZD 2.355536
CAD 1.60865
CDF 3393.617337
CHF 0.933866
CLF 0.028651
CLP 1114.547663
CNY 8.403625
CNH 8.419418
COP 4775.561579
CRC 592.408399
CUC 1.174668
CUP 31.128712
CVE 110.247953
CZK 24.57048
DJF 208.817712
DKK 7.463496
DOP 71.148999
DZD 151.843521
EGP 57.684081
ERN 17.620026
ETB 163.190867
FJD 2.634488
FKP 0.874805
GBP 0.874465
GEL 3.18381
GGP 0.874805
GHS 12.254105
GIP 0.874805
GMD 84.57654
GNF 10176.42647
GTQ 9.000608
GYD 245.342064
HKD 9.220266
HNL 30.706252
HRK 7.537617
HTG 153.886205
HUF 396.850416
IDR 19217.339549
ILS 3.93908
IMP 0.874805
INR 101.616219
IQD 1536.162471
IRR 49468.226083
ISK 142.276286
JEP 0.874805
JMD 187.051077
JOD 0.832886
JPY 173.446879
KES 151.506573
KGS 102.553011
KHR 4697.273684
KMF 491.603168
KPW 1057.221015
KRW 1624.959912
KWD 0.358662
KYD 0.977249
KZT 639.001194
LAK 25279.09122
LBP 105069.953557
LKR 353.815291
LRD 235.113646
LSL 20.812382
LTL 3.468491
LVL 0.710546
LYD 6.330021
MAD 10.545169
MDL 19.72395
MGA 5179.199166
MKD 61.550483
MMK 2465.733848
MNT 4216.363074
MOP 9.481134
MRU 46.800763
MUR 53.342135
MVR 18.094285
MWK 2033.385588
MXN 21.777064
MYR 4.958867
MZN 75.131746
NAD 20.812382
NGN 1799.510154
NIO 43.153327
NOK 11.93722
NPR 162.388891
NZD 1.948849
OMR 0.45153
PAB 1.172619
PEN 4.153358
PGK 4.860248
PHP 67.132737
PKR 332.301418
PLN 4.249143
PYG 8783.641829
QAR 4.274539
RON 5.067641
RSD 117.131888
RUB 93.245282
RWF 1695.037905
SAR 4.407892
SBD 9.732239
SCR 16.61843
SDG 705.392672
SEK 11.192362
SGD 1.503815
SHP 0.923105
SLE 26.959075
SLL 24632.212956
SOS 670.196371
SRD 43.067458
STD 24313.263549
STN 24.496212
SVC 10.260413
SYP 15272.941179
SZL 20.804783
THB 38.024448
TJS 11.198868
TMT 4.123086
TND 3.423471
TOP 2.751195
TRY 47.634334
TTD 7.973767
TWD 34.632517
TZS 3004.935362
UAH 49.031718
UGX 4204.349902
USD 1.174668
UYU 46.972737
UZS 14837.70572
VES 141.281363
VND 30711.704452
VUV 140.295141
WST 3.217414
XAF 655.855588
XAG 0.030755
XAU 0.000352
XCD 3.1746
XCG 2.113373
XDR 0.815674
XOF 655.855588
XPF 119.331742
YER 283.036769
ZAR 20.86834
ZMK 10573.429114
ZMW 27.351771
ZWL 378.242735
  • RIO

    -0.7300

    63.1

    -1.16%

  • CMSC

    0.0550

    22.485

    +0.24%

  • NGG

    -0.0800

    72.15

    -0.11%

  • SCU

    0.0000

    12.72

    0%

  • RBGPF

    -1.1200

    73.88

    -1.52%

  • RELX

    -0.9800

    52.73

    -1.86%

  • CMSD

    0.0400

    22.89

    +0.17%

  • RYCEF

    -0.0400

    13.2

    -0.3%

  • VOD

    -0.0900

    11.43

    -0.79%

  • BP

    0.0700

    32.2

    +0.22%

  • AZN

    -1.0200

    72.66

    -1.4%

  • GSK

    -0.2600

    37.97

    -0.68%

  • BTI

    -0.3700

    52.25

    -0.71%

  • BCE

    -0.2300

    24.2

    -0.95%

  • JRI

    -0.0600

    13.09

    -0.46%

  • SCS

    0.0700

    10.58

    +0.66%

  • BCC

    1.7100

    88.14

    +1.94%

EU leaders douse Ukraine's swift accession hopes at crisis summit
EU leaders douse Ukraine's swift accession hopes at crisis summit

EU leaders douse Ukraine's swift accession hopes at crisis summit

EU leaders doused Ukraine's hopes gaining membership of the European Union quickly on Thursday, as they met to urgently address the fallout of the Russia's invasion.

Text size:

The meeting at the palace of Versailles was set to be the high point of France's six-month EU presidency, but President Emmanuel Macron is instead leading a crisis summit following Russian leader Vladimir Putin's brutal disruption of decades of stability in Europe.

The Ukraine war and the EU's energy supply were to dominate the two-day meeting, with leaders sitting down for dinner in the same Hall of Mirrors where Western allies carved out a new map of Europe in 1919 after World War I.

"Europe will change even faster and stronger with the war (in Ukraine)", Macron said as he greeted his counterparts at the former residence of France's Sun King, Louis XIV.

The 27 heads of state and government met as fighting raged for a 15th day in Ukraine, with an outcry over the bombing of a maternity hospital in the besieged Ukrainian city of Mariupol.

Ukrainian President Volodymyr Zelensky described the attack as a Russian "war crime". Moscow denied carrying it out, calling it a "staged provocation" by Ukraine.

Macron dubbed it a "disgraceful act of war", with leaders from across the bloc condemning the atrocity and Spain calling it a "war crime" that demanded punishment.

The conflict has seen a swell of support in the EU for Ukrainian President Zelensky, but leaders used the talks to reiterate that a speedy track to membership was impossible.

"There is no such thing as a fast track," Dutch Prime Minister Mark Rutte said as he arrived for the talks.

"I want to focus on what can we do for Volodymyr Zelensky tonight, tomorrow, and EU accession of Ukraine is something for the long term, if at all," he added.

Luxembourg's Prime Minister Xavier Bettel warned against giving Kyiv the impression that "everything can happen overnight".

- 'Biggest issue' -

Even before the war, Macron's ambition for the summit was to lay down a path to strengthen Europe's stature on the world stage.

The issue took greater significance with Russia's war on the bloc's eastern edge and leaders were to explore ways to shore up Europe's self-reliance in a starkly more dangerous world, especially on energy.

The conflict has seen energy prices skyrocket, threatened the economy and sparked a pressing discussion on where Europeans can turn for gas and oil.

The EU imports about 40 percent of its natural gas from Russia with Germany, Europe's biggest economy, especially dependent on the energy flow, along with Italy and several central European countries.

About a quarter of the EU's oil imports also come from Russia.

Europe's dependency on Russian energy even caused the first crack in the West's unified response to Putin's aggression, with the EU this week shying away from a ban on Russian oil imports implemented by the United States and Britain.

According to a draft of the meeting's final declaration, the 27 leaders will cautiously agree to "phase out" the bloc's dependency on Russian gas, oil and coal.

- 'Resolutely invest' -

The EU leaders will also try to advance on ways Europe can gain independence in highly sensitive sectors, including semiconductors, food production and most notably defence.

Collective security in the European Union is primarily handled by the US-led NATO alliance, but France, the EU's biggest military power, would like the bloc to play a bigger role.

Since Russia's belligerence against its pro-EU neighbour, bloc members have approved a total of half a billion euros in defence aid to Ukraine.

Berlin dramatically broke with long-standing doctrine when it announced it will plough 100 billion euros into national defence.

In view of the challenges, "we must resolutely invest more and better in defence capabilities and innovative technologies", the leaders were expected to say.

(P.Werner--BBZ)