The European Commission on Wednesday unveiled a series of proposals to curb the energy price spike that has rocked Europe in the wake of Russia’s invasion of Ukraine, while stressing that the EU’s solidarity with Kyiv would be « unshakeable. »
The European Commission on Wednesday unveiled a series of proposals to curb the energy price spike that has rocked Europe in the wake of Russia’s invasion of Ukraine, while stressing that the EU’s solidarity with Kyiv would be « unshakeable. »
Energy prices and inflation have surged across the 27-nation European Union as Moscow slashed gas supplies in response to sanctions, prompting some, in particular on the far-right, to argue that the sanctions were hitting the EU more and should be softened.
But with Ukrainian first lady Olena Zelenska the guest of honour as she delivered her annual state of the union speech in the EU’s parliament, von der Leyen said sanctions were having a real impact on Russia and were there to stay.
« This is the time for us to show resolve, not appeasement, » said von der Leyen, who was set to travel to Kyiv later on Wednesday to meet Ukrainian President Volodymyr Zelensky. « We are in it for the long haul. »
« And I stand here with the conviction that with courage and solidarity, Putin will fail and Europe will prevail, » she told the assembly in Strasbourg, France, wearing blue and yellow – the colours of both Ukraine’s and the EU flags.
Von der Leyen, whose proposals to help European households and companies include imposing cuts in electricity usage across the bloc, said the bloc was working to protect households and businesses.
« Making ends meet is becoming a source of anxiety for millions of businesses and households, » she said, proposing measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy prices.
« In these times it is wrong to receive extraordinary record revenues and profits benefiting from war and on the back of our consumers.
