EU dependence on supplies from China is even greater than on Russian gas – Borrell

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EU dependency on supplies from China even more than from Russian gas, — Borrell

China plays a critical role in many supply chains, in particular with regard to the strategy for moving towards cleaner production. And tensions in the Taiwan Strait could destroy EU-China relations.

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EU High Representative for Foreign Affairs and Policy Josep Borrell said the EU's reliance on China for supply chains and cleaner production strategies still appears more than from gas from the Russian Federation. This was reported on the website of the European External Action Service.

Last week, a meeting of representatives of the G7 countries took place in Münster, Germany. The main topic of discussion was the war in Ukraine, and representatives of the country, in particular, discussed relations with China, the situation in Iran and Africa.

“For the EU, China remains at the same time a key economic partner, competitor and systemic rival. Rivalry and competition are becoming more and more noticeable,” Borrell said.

“China plays a critical role in many supply chains, and when it comes to a cleaner production strategy, dependence on China appears to be even greater than on Russian fuel,” the EU official said.

According to him According to China, it provides:

  • 90% of the EU's needs for magnesium;
  • 90% of the needs for rare earths;
  • 80% of the needs for solar panels, used in the EU.

Borrell stressed the need to make efforts to reduce overdependence and eliminate vulnerabilities.

The diplomat noted that after Xi Jinping was re-elected General Secretary of the CPC Central Committee for the third time, China began to pursue a more decisive policy. And tensions in the Taiwan Strait could completely destroy relations between Europe and China. In this regard, the EU should prepare for all sorts of scenarios.

More than €22 billion: the EU called the total amount already allocated to Ukraine

Ukrainian Foreign Minister Dmitry Kuleba spoke at the G7 meeting via video link. Representatives of the G7 condemned the Russian invasion, in particular the recent attacks on civilian infrastructure, for which Iranian drones are used and instructors from this Middle Eastern country are involved.

According to EU representative Josep Borrell, support keeping the Ukrainian economy afloat remains a key challenge. 19 billion were allocated for this, and another 3.1 billion as military aid.

Josep Borrell said that the European Union has allocated more than 19 billion euros to support the resistance of Ukraine economically, socially and financially, as well as 3.1 billion as military support.

“Putin failed to achieve the occupation of Ukraine and is now apparently trying to terrorize the population and destroy the country,” Josep Borrell, High Representative of the Union for Foreign Affairs and Policy, said in a statement.

The EU representative said that more than 19 billion euros had already been allocated to support the resistance of Ukraine economically, socially and financially, as well as 3.1 billion as military support.

“Our support also includes technical assistance to repair energy infrastructure and supply additional power generators,” the EU representative said.

Ukraine will also receive additional humanitarian support.

” Keeping the Ukrainian economy afloat remains a key challenge and the EU aims to offer a substantial financial aid package of up to 1.5 billion euros per month, for a total of 18 billion euros, to largely meet Ukraine's 2023 financing needs.” noted on the site.

“Grain Corridor”

The meeting also discussed a grain deal, which ensures the export of Ukrainian grain.

“Russia should not resort to additional pretexts to waive its obligations. Using food and hunger as a weapon in a war is unacceptable,” Barrell said.