EU

The European Commissioner for Agriculture and Food, Christophe Hansen, has warned that food scarcity is imminent in the EU without long-term solutions for fertiliser supply. Rising fertiliser prices, exacerbated by geopolitical conflicts, have led to the introduction of a Fertiliser Action Plan, which allocates over half a billion euros in immediate farmer support.

Bulgaria’s Prime Minister Rumen Radev announced that the country will stop providing army weapons to Ukraine, advocating instead for a diplomatic resolution to the conflict. While Bulgaria’s defence industry will continue supplying ammunition, Radev emphasised the need for peaceful negotiations over further military aid.

EUROPE MORNING BRIEFING

This morning, political pressure mounts within the European Union to address high electricity prices as oil surpasses $114 per barrel. The Council is advocating for urgent reforms to the carbon market to limit volatility and enhance energy infrastructure.

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