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Germany, France, Italy Offer Support to Ukraine’s EU Candidacy

Friday, June 17, 2022
Germany, France, Italy Offer Support to Ukraine’s EU Candidacy © Reuters. Germany, France, Italy Offer Support to Ukraine’s EU Candidacy

(Bloomberg) -- German Chancellor Olaf Scholz, French President Emmanuel Macron and Italian Prime Minister Mario Draghi backed Ukraine’s efforts to join the European Union, adding momentum and a show of support in the country’s efforts to fend off Russia’s invasion.

The leaders of the EU’s three biggest economies condemned Moscow’s attacks and called for investigations into alleged war crimes on Thursday after a joint visit to Kyiv. They were joined by Romanian President Klaus Iohannis, as a representative of the bloc’s east, in the highest-profile delegation to visit Kyiv since Russia invaded the country at the end of February.

“Europe is by your side and will remain so until victory is achieved,” Macron said after a joint meeting with Ukrainian President Volodymyr Zelenskiy, according to a pool report. “All four of us support the status of immediate candidate for membership.”

The EU will provide a roadmap for Ukraine that will take into account the situation of other membership aspirants in the Balkans and neighboring Moldova, Macron said, adding that France will deliver six additional Caesar cannons in addition to the 12 already transferred to Ukraine’s military.

The coordinated visit intended to send a message of unity as the Kremlin intensifies an energy crisis by curbing gas supplies to Europe. It also seeks to soothe strained ties after the German, French and Italian governments faced criticism for engaging too closely with Russian President Vladimir Putin and being slow to deliver the heavy weapons needed to defeat his invasion.

Draghi reaffirmed his support for Ukraine to join the EU.

“The biggest message we want to send in this trip is that Italy wants Ukraine in the EU,” the prime minister said. “Italy, France and Germany are here to give unconditional support to Ukraine.”

The European Commission is expected on Friday to recommend that Ukraine be granted candidate status, according to people familiar with the plans. The support by the EU’s executive arm would be an important sign of support, even if the process to become a member of the world’s largest trade bloc is complex and could decades to complete.

“We want peace, but Ukraine should defend itself and should be able to choose the peace it wants and that it sees as acceptable for its people,” Draghi said. “Only this will be a long lasting peace.”

©2022 Bloomberg L.P.

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26-06-2022 18:47:28 (UTC+7)

EUR/USD

1.0554

+0.0031 (+0.29%)

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EUR/USD

1.0554

+0.0031 (+0.29%)

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GBP/USD

1.2272

+0.0012 (+0.10%)

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USD/JPY

135.23

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AUD/USD

0.6944

+0.0055 (+0.80%)

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USD/CAD

1.2891

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3,911.74

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 EUR/USD1.0554Buy
 GBP/USD1.2272↑ Sell
 USD/JPY135.23↑ Buy
 AUD/USD0.6944↑ Sell
 USD/CAD1.2891↑ Sell
 EUR/JPY142.71↑ Buy
 EUR/CHF1.0114↑ Sell
 Gold1,828.10↑ Buy
 Silver21.130Sell
 Copper3.7365Sell
 Crude Oil WTI107.06↑ Sell
 Brent Oil113.19↑ Sell
 Natural Gas6.173↑ Buy
 US Coffee C223.40↑ Buy
 Euro Stoxx 503,533.17Neutral
 S&P 5003,911.74↑ Buy
 DAX13,118.13↑ Sell
 FTSE 1007,208.81↑ Buy
 Hang Seng21,719.06↑ Buy
 Small Cap 20001,765.74↑ Buy
 IBEX 358,244.10Sell
 BASF42.215↑ Buy
 Bayer57.79↑ Sell
 Allianz181.20↑ Sell
 Adidas170.36↑ Sell
 Lufthansa5.966↑ Sell
 Siemens AG102.62↑ Buy
 Deutsche Bank AG8.919↑ Buy
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