EU

Ukrainian President Volodymyr Zelenskyy firmly rejected the notion of partial EU membership during discussions at an informal summit in Cyprus, asserting that Ukraine deserves full membership. Following the unblocking of a €90 billion loan and new sanctions against Russia, focus shifts to Hungary’s ongoing veto of Ukraine’s EU accession.

Scandinavian Airlines has cancelled around 1,000 flights, while Lufthansa has eliminated 20,000 routes amid soaring jet fuel prices, attributed to the closure of the Strait of Hormuz. The European Commission contends these cancellations stem from airline profitability issues, not fuel shortages.

Emmanuel Macron, President of France, stated at the Munich Security Conference that Europe must independently redesign its security architecture in response to Russia’s aggression. He emphasized the need for new parameters, including a holistic approach to nuclear deterrence, crucial for Europe’s future security strategy.

Industry leaders at the Munich Security Conference stressed that Europe’s energy security must be prioritised alongside defence, citing increased threats following Russia’s attacks on Ukraine’s energy infrastructure. Eurelectric president Markus Rauramo highlighted the need for a strategic shift in response to these hybrid threats.

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