The European Union is seeking to avoid dependence on China because of Russian gas, the 27’s diplomatic chief, Joseph Borrell, said on Saturday, calling for stronger trade with Latin America.
We discovered that addictions that build peace are weapons that turn against us
Borel noted Europe’s overreliance on Russian gas
.
This was highlighted by the Russian invasion of Ukraine, as Moscow restricted its gas supplies to Europe and forced the continent to find other supply routes.
According to him, this addiction exists left to think [Vladimir] Putin said he could invade Ukraine with impunity because Europe is a prisoner of our gas consumption, 40% of which comes from Russia.
.
We want to avoid making our relationship with China as dependent on Russia as it is on us
He said this during his speech at the Ibero-American Summit in Santo Domingo, Dominican Republic.
Head of DiplomacyEU 2023 felt like a Key year
to conclude agreements elsewhere, particularly with Latin America, in consideration of the summitEU and the Community of Latin American and Caribbean States in mid-July.
Europe and Latin America have the opportunity to show that their trade relationship is always a source of improvement
Borrell continued, European investment in Latin America exceeds that of Russia, China, India and Japan reunited
.
According to a report by the Economic Commission for Latin America and the CaribbeanUNOf the $142 billion in foreign investment in the region, 36% came from Europe in 2021.
