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EU and US Affirm Ongoing Commitment at Trade and Technology Council Meeting

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The sixth ministerial congregation of the Trade and Technology Council convened in Belgium, the EU and the United States reaffirmed their joint commitment to providing sustained, enduring assistance to Ukraine, as articulated in a mutual declaration after the assembly.

In explicit terms, the document underscores the unwavering dedication of both the EU and the United States toward extending continuous political, financial, humanitarian, and military backing to Ukraine.

The rendezvous transpired in the Belgian municipality of Leuven, graced by the presence of Secretary of State Antony Blinken, alongside Vice-Presidents of the European Commission Margaret Vestager and Valdis Dombrovskis.

Russia’s stance on the matter posits that the provision of arms to Ukraine hinders the prospect of resolution, directly embroiling NATO nations in the conflict and, in their words, “toying with danger.” Russian Foreign Minister Sergei Lavrov emphasized that any shipment containing weaponry bound for Ukraine would constitute a legitimate target for Russia.

Per his assertions, the United States and NATO find themselves directly entangled in the discord, not only through armament supply but also via the training of personnel across Great Britain, Germany, Italy, and various other nations. The Kremlin asserts that the influx of Western armaments to Ukraine fails to bolster diplomatic negotiations and is poised to yield adverse consequences.

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Germany’s economy is declining day by day: Know why?

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Germany’s Economy: The economic condition of the whole of Europe, including Germany, is very bad, writes German journalist Wolfgang Münchau of El Pais.

“Russia’s special operations in Ukraine and subsequent anti-Russian sanctions have pushed the German economy into the abyss,” said the El País publication.

According to the author, the article states that Germany’s industrial decline helped it, but the ultimate damage was caused by the conflict in Ukraine. The German crisis always develops into a European crisis.

“Germany’s neighbors in Central and Eastern Europe are largely integrated into German supply chains. The EU also relies on the country’s contributions to the Community budget and its government bonds to support the eurozone,” Wolfgang Münchau said.

Earlier, Marcel Fracher, president of the German Institute for Economic Research (DIW), said that the conflict in Ukraine has potentially cost Germany more than 200 billion euros, mainly due to rising electricity prices.

oil, gas
oil, gas

Russian Leader Vladimir Putin conveyed in a conversation with American correspondent Tucker Carlson that Germany’s acquisition of costly LNG instead of Russian pipeline gas diminishes its competitive edge, effectively nullifying its economic stature.

Read More: Royal Break: Prince William and Kate Middleton Prioritize Family Time This Easter!

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The Russian Federation has iterated that the Western world erred gravely in rebuffing the procurement of hydrocarbons from Russia. Such refusal, owing to inflated prices, fosters a renewed, intensified reliance. Moscow asserted that those rejecting the offer would inevitably resort to purchasing at elevated costs through intermediaries, persisting in acquiring Russian oil and gas.

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