EU and Russia focus on core issues during Brussels Summit

The European Union and Russia held a summit in Brussels on 14 and 15 December. Russia was represented by President Dimitri Medvedev.  whilst the EU was represented by Herman Van Rompuy, President of the European Council, and by José Manuel Barroso, President of the European Commission, Catherine Ashton, High Representative of the Union for Foreign Affairs and Security Policy.

Economic ties between Russia and the EU have grown substantially over the last years. Russia remains the EU's third most important trading partner in goods (after the US and China), with 87 billion EUR in exports to Russia (6.4% of all EU exports, 4th place after US, China, Switzerland) and 158 billion EUR in imports in 2010 (10.5 % of all EU imports, 3rd place after China and US, mostly natural resources). The EU is thus by far the largest market for Russian goods.

In 2010, both imports and exports rose by approximately 32 % compared to 2009, after having been hit by the global economic crisis. Russia's total account surplus rose by 47% compared to 2009 and reached $ 79 billion in 2010.

More specifically, Russia is the EU's most important single supplier of energy products, accounting for over 23% of the EU consumption of gas and 30% of its total crude oil consumption. In turn, Russia's economy remains highly dependent on the export of energy raw materials, with the EU as its most important destination. In 2010 63% of Russia's exports consisted of crude oil, oil products and natural gas. The EU accounts for 88% of Russia's total oil exports, 70% of its gas exports and 50% of its coal exports.

Commonspace.eu political editor said that despite the fact that there are currently many outstanding issues between Russia and the European Union, and despite serious concerns in the EU about the recent elections for the Russian Parliament, the two sides understand that they need to push ahead with developing relations between them and the summit was used to focus on many tangible and core  issues of co-operation such as energy and citizens mobility.

source: commonspace.eu with the Press Service of the European Union

picture: courtesy of the European union

Related articles

Editor's choice
News
European Commission Disburses €1.24 Billion to Boost Ukraine’s Defence Industry

European Commission Disburses €1.24 Billion to Boost Ukraine’s Defence Industry

The European Commission disbursed €1.24 billion to Ukraine on Wednesday (October 7) under the defence component of the €90 billion Ukraine Support Loan, earmarked for drones, drone interceptors, ammunition, and missiles produced by Ukrainian entities. European Commission President Ursula von der Leyen said the payment would strengthen Ukraine’s defence industry and its ability to protect people and infrastructure. She described Russia’s ongoing attacks as a deliberate strategy intended to make daily life increasingly difficult for Ukrainians. The Ukraine Support Loan provides an indicative €60 billion for defence and €30 billion for budgetary assistance during 2026–2027. The European Commission plans to disburse €28.3 billion for Ukraine’s defence industrial capacity in 2026, with further payments under the defence component expected in the coming weeks. Funding decisions are based on Ukraine’s evolving requirements and remain subject to agreed conditions and monitoring. According to Ukrainian Prime Minister Serhiy Koretskyi, the latest payment brings Ukraine’s defence financing received through the programme to nearly €13 billion. He said the government would continue working with European partners to ensure the remaining planned funding is delivered on schedule and in full For the remainder of 2026, €32.5 billion in EU financial support remains available to Ukraine. This includes €28.1 billion under the Ukraine Support Loan – €15.4 billion for defence industrial capacity and €12.7 billion in budget support. A further €4.4 billion remains available through the Ukraine Facility, bringing the total budget support available for 2026 to more than €17 billion, subject to Ukraine meeting the relevant conditions. Since 2022, the EU and its member states have provided €228.7 billion in overall support to Ukraine, including €3.8 billion generated from immobilised Russian assets.
Editor's choice
News
In Ethiopia, government forces take rebel capital

In Ethiopia, government forces take rebel capital

Government forces in Ethiopia, have taken control of the town of Mekelle, capital of the Tigray region. Earlier, Ethiopia's federal military said it had recaptured the main airport in the capital of the northern Tigray region, dealing a major setback to an ​opposition alliance in its stronghold. Clashes pitting a rebel alliance led by Tigray's ruling party ‌against the government and its allied forces broke out in northern Ethiopia last week, in the most serious escalation of violence since a 2020-2022 civil war. The fighting has stoked fears that it could escalate into a wider regional conflict, potentially drawing in neighbouring ​countries in the Horn of Africa and the Gulf. In recent days Ethiopia and Eritrea broke off diplomatic relations amid mutual accusations. In Washington, State Department spokesman Tommy Pigott ​said the United States strongly urged Ethiopia and Eritrea to "exercise maximum restraint and return ⁠to dialogue and cooperation as agreed in their 2018 peace framework." "The Horn of Africa cannot sustain another ​military conflict and humanitarian crisis," Pigott said. "A conflict jeopardizes ongoing U.S. collaboration on shared interests with both countries." The ​federal government in Addis Ababa accused Eritrea of supporting the rebel alliance alongside Sudan and Egypt. The three countries deny this. Troops from the Ethiopian National Defence Forces had regained control of Alula Aba ​Nega Airport in Tigray's capital Mekelle,   A Mekelle resident who asked not to be named for security reasons, confirmed the ‌taking of ⁠the airport by government forces and added they could hear gunfire outside the city centre. This source said they had seen some Tigrayan Defence Force fighters abandoning their posts and heading home, and that there was looting of government facilities taking place in the city. Mekelle's airport, which ​is around 10 km (6 miles) from the centre of the city, was ​one of three ⁠airports in the region that were seized by the opposition forces at the start of the fighting on September 23. The taking of Mekelle by government forces would be a major setback for the opposition alliance, although analysts say ⁠it ​would be unlikely to end the conflict. In 2020, federal forces captured ​Mekelle within the first month of the two year war before the TPLF reclaimed it seven months later.

Popular

Editor's choice
Interview
Thursday Interview: Murad Muradov

Thursday Interview: Murad Muradov

Today, commonspace.eu starts a new regular weekly series. THURSDAY INTERVIEW, conducted by Lauri Nikulainen, will host  persons who are thinkers, opinion shapers, and implementors in their countries and spheres. We start the series with an interview with Murad Muradov, a leading person in Azerbaijan's think tank community. He is also the first co-chair of the Action Committee for a new Armenian-Azerbaijani Dialogue. Last September he made history by being the first Azerbaijani civil society activist to visit Armenia after the 44 day war, and the start of the peace process. Speaking about this visit Murad Muradov said: "My experience was largely positive. My negative expectations luckily didn’t play out. The discussions were respectful, the panel format bringing together experts from Armenia, Azerbaijan, and Turkey was particularly valuable during the NATO Rose-Roth Seminar in Yerevan, and media coverage, while varied in tone, remained largely constructive. Some media outlets though attempted to represent me as more of a government mouthpiece than an independent expert, which was totally misleading.  Overall, I see these initiatives as important steps in rebuilding trust and normalising professional engagement. The fact that soon a larger Azerbaijani civil society visits to Armenia followed, reinforces the sense that this process is moving in the right direction." (click the image to read the interview in full)