War-weary EU eyes trade with 'reliable' partners

By Agence France-Presse

Oct 15, 2022 12:07 am

WASHINGTON, D.C.: The European Union is looking for trade pacts with 'reliable partners' to combat supply shocks, said the bloc's trade commissioner on Thursday (Friday in Manila), pointing to its energy problems after Russia's invasion of Ukraine.

Europe is facing an energy crunch, with the price of electricity generation skyrocketing on a surge in gas prices after Moscow's invasion.

NEW TRADING DIRECTION Photo taken on Jan. 4, 2022 shows a decoration at the headquarters of the Council of the European Union in Brussels, Belgium. The EU is looking for trade pacts with ‘reliable partners’ to combat supply shocks, said the bloc’s trade commissioner on Thursday, Oct. 13, 2022 (October 14 in Manila), pointing to its energy problems after Russia’s invasion of Ukraine. XINHUA PHOTO

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