BusinessEurope statement in response to Russia’s military attack on Ukraine
BusinessEurope vehemently condemned Russia’s military invasion of Ukraine, showed its support for the Ukrainian people and backed European action.
Regarding the scope of sanctions against Russia adopted by the EU, it emphasised that they must be as clear as possible, be well-focused and coordinated with other partners, especially the United States. It also called on the EU to consider support measures to mitigate the economic impact of such sanctions, as well as to intensify its capacity for preparedness should there be disruptions to the energy markets and to guarantee alternative sources of supply.
This and other key European news, such as the conclusions of the extraordinary European Council or the legislative proposals on due diligence or on access to and use of data, as well as a look at the main meetings in the European institutions during the week of February 28 to March 4, can be found in our newsletter “The EU in Headlines”.
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Meeting in Brussels, the Heads of State and Government adopted a series of conclusions on energy, the economy, the war in Ukraine, critical infrastructure and external relations.
The president of the CEOE expressed concern among the business community about the slowing of the recovery due to rising production costs and the high degree of uncertainty.
The President of the European Commission sent a letter to the informal European Energy Council setting out a number of recommendations and areas for action.
The CEOE’s European Union Committee, chaired by Jesús Ortiz met, in the presence of the European Commission, to discuss two issues of special interest and consequence for companies. They covered, on the one hand, the latest developments and next steps for European energy policy and, on the other, the latest with the implementation of the Next Generation EU funds.