EU prosperity based on China and Russia – Borrell ...News

For too long the EU’s prosperity has been dependent on China and Russia, while security has been outsourced to the US, top EU diplomat, Josep Borrell has said. The statement comes amid soaring energy prices and attempts to curb Russian oil and gas supplies as part of sanctions over Moscow’s military operation in Ukraine. “Our prosperity has been based on cheap energy coming from Russia. Russian gas – cheap and supposedly affordable, secure, and stable. It has been proved not [to be] the case,” Borrell said in a speech at an EU ambassadors’ conference on Monday. The diplomat added that the 27-member bloc also relied too much on trade with Chi

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