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"The crucial capability gap in European defence is still political leadership," the Munich Security Report on European Defence said. The annual Munich Security Conference, usually held in February, is an influential global gathering of top policymakers and analysts to debate defence and security challenges. The report said Germany and France in particular were "missing in action" at a time when European Commission chief Ursula von der Leyen and EU top diplomat Josep Borrell are driving EU support for Kyiv and joint procurement initiatives. "Under the (Chancellor Olaf) Scholz government, Germany has faced recurrent criticism for its absence in EU defence questions," it said. "The onus is on Germany and France to win back trust," the report said, adding that time was of the essence in speeding up defence cooperation.
Persons: Emmanuel Macron, Olaf Scholz, Sarah Meyssonnier, Ursula von der Leyen, Josep Borrell, Chancellor Olaf, Scholz, Sabine Siebold, Mark Heinrich Our Organizations: Weimar, REUTERS, Munich Security, European Defence, Munich Security Conference, European Commission, Kyiv, Thomson Locations: Paris, France, BERLIN, Germany, Europe, Ukraine, Munich, Russia
The US-China trade war has impacted manufacturing exports, particularly in the semiconductor industry. Opening Plenary with Li Qiang, Premier of the People's Republic of China World Economic Forum/Benedikt von LoebellWhy does de-risking matter? According to the Peterson Institute for International Economics, the trade war of 2018-19 devastated US exports to China. A big sticking point for the two nations is the US manufacturing exports to China. "Prior to the trade war, manufacturing was 44 percent of total US goods and services exports to China — the largest component of pre-trade war commerce.
Persons: Li Qiang, Li, , Ursula von der Leyen, Benedikt von Loebell, Trump, Morgan, JP Morgan Organizations: Service, European, Economic, Peterson Institute for International Economics, Peterson Institute, Semiconductor Industry Association Locations: China, West, Davos, Tianjin, decouple, People's Republic of China, China —, East Asia, Taiwan, South Korea
Energy Change Sweeps the North Sea
  + stars: | 2023-06-24 | by ( Stanley Reed | ) www.nytimes.com   time to read: +1 min
The North Sea has long been host to some of the world’s busiest shipping lanes and hundreds of rigs for producing oil and natural gas. Now, if European leaders have their way, this shallow and often turbulent stretch of water will, in the coming years, see what could amount to hundreds of billions of dollars worth of investment aimed at reducing carbon emissions and further shrinking imports of fossil fuels from Russia. At a summit held in Ostend, a Belgian port, in April, the leaders of nine European governments pledged to work together to roughly quadruple the already substantial amount of offshore wind generation capacity in the North Sea and nearby waters by 2030 and to increase it by about tenfold by 2050. Significantly, the meeting, attended by Ursula von der Leyen, the European Union president, included Britain, which recently went through a rancorous divorce from the bloc, and Norway, which is also not an E.U. The offshore areas around these two countries have the greatest potential for wind investment.
Persons: Ursula von der Leyen Organizations: European Union Locations: Russia, Ostend, Belgian, Britain, Norway
John Macdougall | Afp | Getty ImagesEurope is charting a new way forward for its relations with China, but officials in the region say they are wary about the risk of retaliation if they get it wrong. There has been growing momentum behind the idea of de-risking from China. At a G7 meeting in late May, both the U.S. and Europe agreed to reduce their dependency on Beijing — rather than completely cut ties. Policymakers in Europe, meanwhile, have taken a more cautious approach — aware of how important the Chinese market is for its domestic companies. watch nowThe whole bloc is figuring out what de-risking from China means.
Persons: Li Qiang, Olaf Scholz, John Macdougall, Ursula von der Leyen Organizations: Afp, Getty, U.S, CNBC, EU, European Commission Locations: China, Europe, Beijing, U.S, EU, Brussels
The Dark Incentives That Led to a Refugee Tragedy
  + stars: | 2023-06-23 | by ( Amanda Taub | ) www.nytimes.com   time to read: +2 min
Hundreds of people may have died last week in the Mediterranean, after a boat overloaded with migrants, including many children, capsized and sank. It was one of the deadliest migrant disasters in years. And, indeed, Ursula von der Leyen, the European Commission president, said Greece’s border enforcement was Europe’s “shield,” because its harsh tactics prevent migrants from reaching E.U. “This border is not only a Greek border, it is also a European border,” she said after Greece used tear gas to repel hundreds of people who were trying to cross over from Turkey. The European Union has gone to even greater extremes to deter migrants.
Persons: Christina Goldbaum, Zia Ur, Rehman, Kyriakos Mitsotakis, Ursula von der Leyen, Frontex Organizations: European Union, Times, European Commission, European, Human Rights Watch Locations: Bandli, Pakistan, Kashmir, Italy, Greece, E.U, European, , Turkey, European Union, Libyan, Libya
The Chinese planner said it supports domestic airlines cooperating with Airbus according to their needs. He also witnessed the signing of the agreements between the NDRC and the European companies separately in Berlin and Paris, according to the Chinese planner. Relations are also strained from recent moves by European Union regulators and governments to limit China’s access to sensitive technology. In March, the European Commission president Ursula von der Leyen called on Europe to reassess its diplomatic and economic relations with China. “Germany is committed to actively broadening our economic relations with Asia and beyond,” Scholz said at a joint press conference with Li, according to French news agency AFP.
Persons: Guillaume Faury, Zheng Shanjie, Li Qiang, Li, Ursula von der Leyen, Olaf Scholz, ” Scholz, China’s Sinochem Organizations: Hong Kong CNN, Moscow, Airbus, BMW, Mercedes, Benz, Volkswagen, Siemens, BASF, National Development, Reform Commission, Union, ASML, European, AFP Locations: Hong Kong, China, Ukraine, Paris, Tianjin, Europe, European, Berlin, Beijing, Russia, United States, Netherlands, Germany, Asia, Italy
BEIJING, June 21 (Reuters) - A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and decoupling, according to the European Chamber of Commerce in China. The number of European firms that see China as a top-three destination for future investment was at its lowest total on record, the chamber's annual position paper released on Wednesday said. As rising interest rates and inflation squeeze demand in Europe and the United States, companies in China are in contrast battling a sharp decline in prices as the risk of deflation weighs on the world's second-largest economy. BASF (BASFn.DE), Maersk (MAERSKb.CO), Siemens (SIEGn.DE), and Volkswagen (VOWG_p.DE) are among the members of the chamber. The chamber's findings, which were based on the views of members from February to early March, revealed that a record number of companies had lost business last year due to market access and regulatory barriers.
Persons: Xi, Ursula von der Leyen, Joe Cash, Angus MacSwan Organizations: European Chamber of Commerce, BASF, Maersk, Siemens, Volkswagen, Thomson Locations: BEIJING, China, United States, Europe
LONDON — A ceasefire in Ukraine is not enough for European officials, who want lasting peace in the region, European Commission President Ursula von der Leyen told CNBC. So it has to be a real peace," von der Leyen said on the sidelines of a conference on reconstruction efforts for Ukraine. Speaking to CNBC's Steve Sedgwick, von der Leyen said that China can nevertheless be a crucial player in the peace process. Her comments come as western governments seem to be stepping up their efforts for the future reconstruction of Ukraine. Von der Leyen said the two-day meeting in London was about governments coordinating their aid to Kyiv, but also about convincing private investors to join in.
Persons: Ursula von der Leyen, von der Leyen, Steve Sedgwick, Rishi Sunak, Von der Leyen Organizations: CNBC, Military, Kyiv, UN, Wednesday, European Union, World Bank, European Locations: Ukraine, Kyiv, Russian, Moscow, Russia, Crimea —, China, Crimea, London, Nova
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU chief says Europe does not want a 'frozen conflict' in UkraineUrsula von der Leyen, president of the European Commission, discusses the recovery plan for Ukraine amid Russia's full-scale invasion and says that Europe wants "a real peace, a just peace and a lasting peace" for Kyiv.
Persons: Ukraine Ursula von der Leyen Organizations: EU, European Commission Locations: Europe, Ukraine, Kyiv
The coast guard retrieved three more bodies on Monday, six days after the disaster, and one on Tuesday, revising the death toll to 82. The suspected smugglers, all from Egypt and aged between 20 and 40 years, appeared before a prosecutor on Tuesday to respond to charges that included manslaughter, setting up a criminal organisation, migrant smuggling and causing a shipwreck. But the exact circumstances of the vessel sinking despite the presence of the coast guard were still unclear. Kathimerini newspaper reported that survivors, who were summoned for additional testimonies over the weekend, said for the first time that the coast guard tried to tow their vessel. "It is horrible what happened and the more urgent it is that we act", von der Leyen said when asked about the shipwreck.
Persons: Ursula von der Leyen, von der Leyen, Renee Maltezou, Tassilo Hummel, Grant McCool Organizations: European Union, ERT, Reuters, Greek coastguard, coastguard, Thomson Locations: ATHENS, Greece, Libya, Italy, Egypt, Syria, Pakistan, Europe, Tobruk, Kathimerini, Brussels
BRUSSELS, June 20 (Reuters) - The European Commission asked EU governments on Tuesday to come up with an extra 10 billion euros for 2024-27 to leverage a total of 160 billion euros worth of investment in key technologies, including renewable energy. Nor did the EU budget anticipate the fierce competition between Europe, the United States and China for the latest "clean" technologies to produce energy. "The future of the strategic industries should be made in Europe," European Commission President Ursula von der Leyen said in presenting the call for more money. The new scheme is to be called Strategic Technologies for Europe Platform (STEP) and help develop in the EU microelectronics and quantum computing, as well as renewable energy and electricity storage, among others. ($1 = 0.9155 euros)Reporting by Jan Strupczewski and Bart Meijer, editing by Gabriela BaczynskaOur Standards: The Thomson Reuters Trust Principles.
Persons: Ursula von der Leyen, von der Leyen, Jan Strupczewski, Bart Meijer, Gabriela Baczynska Organizations: European Commission, European Union, Strategic Technologies, Europe, Thomson Locations: BRUSSELS, Ukraine, Europe, United States, China
He is a senior fellow at the Atlantic Council and a former spokesperson for the Organization for Security and Cooperation in Europe. The possibility of miscalculation has increased in recent months as China has triggered some close encounters with US ships on the high seas. (In 2020, China overtook the US as Europe’s biggest trading partner for goods.) The confusion in Europe over how to treat China was on full display earlier this year when French President Emmanuel Macron and President of the European Commission Ursula von der Leyen made their disastrous joint visit to China. Blinken’s visit to Beijing is being marketed as a bilateral meeting with a shot at achieving détente.
Persons: Michael Bociurkiw, Antony Blinken, Michael Bociurkiw Chrystia, Laura Ballman, Blinken, Li Hui, Lu Shaye, can’t, Emmanuel Macron, Ursula von der Leyen, Angela Merkel, Philippe Moreau Chevrolet, , , Xi Jinping Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Amsterdam CNN —, NATO, CIA, European Commission, Twitter, Facebook Locations: Odesa, Europe, Beijing, United States, China, Ukraine, Washington, Taiwan, Canada, Russia, Paris, French, Russian, Poland, Saudi Arabia, Iran
Moldova, next door to Ukraine, has been under pressure from Russia for decades. Amid the war in Ukraine, Kyiv and Western officials say Moscow is stepping up its interference. As a result of a 1992 war between Moldovan forces and Transnistrian separatists, Russian troops entered the breakaway region to support the separatists. Following that war, Transnistria gained a form of autonomy. SERGEI GAPON/AFP via Getty ImagesMoldova declared a state of emergency after Russia attacked Ukraine in February 2022, and it remains in effect.
Persons: , that's, John Sullivan, SERGUEI VORONIN, Chișinău, Maia Sandu, Diego Herrera Carcedo, SERGEI GAPON, Moldova's, John Kirby, Kirby, Pierre Crom, Thomas de Waal, Dara Massicot, Massicot, Jamar Marcel Pugh, Sandu, Ursula von der Leyen, Constantine Atlamazoglou Organizations: Service, Georgetown University, Getty, Moldovan, NATO, EU, Anadolu Agency, Getty Images Moldova, White House National Security Council, Carnegie, RAND Corporation, US Army National Guard, European Commission, Fletcher School of Law, LinkedIn Locations: Moldova, Ukraine, Russia, Transnistria, Kyiv, Western, Moscow, Soviet Union, Romania, Europe, Baltic, Poland, Bender, Transnistrian, Chisinau, May, Lithuania, Sweden, AFP, Russian, Carnegie Europe, NATO, Bulgaria
European officials are looking at ways to use Russian assets to repay for the reconstruction of Ukraine. The European Union is getting closer to brokering a detailed plan on how to use frozen Russian assets to pay for the reconstruction of Ukraine, a senior official told CNBC. The EU has confirmed that there are more than 200 billion euros ($215.5 billion) and a separate 20 billion euros ($21.5 billion) in assets across the bloc that belong to the Russian central bank and to Russian private individuals, respectively. These assets were frozen by European authorities in the wake of Russia's invasion of Ukraine to sanction the Kremlin for its aggression. She added at the time that these funds should also be put toward the reconstruction efforts, once the war is over and sanctions are lifted off the frozen assets.
Persons: Sweden's Anders Ahnlid, Ahnlid, Ursula von der Leyen, von der Leyen, Jacob Kirkegaard Organizations: European, CNBC, EU, Monday, Peterson Institute for International Economics, Bank, European Commission, United Nations Locations: Ukraine, Russian, Russia, Ukrainian, Nova
BRUSSELS, June 12 (Reuters) - European Commission President Ursula von der Leyen starts a four-nation trip to Latin American on Monday to bolster political and trade ties that the European Union admits it has sometimes neglected. Von der Leyen will meet the presidents of Brazil, Argentina, Chile and Mexico on consecutive days. Von der Leyen will also seek to push forward an update to the EU-Mexico trade pact which the two sides agreed in 2018. It has a trade agreement with Chile that could give EU companies greater access to the country's lithium and copper. A possible understanding with Argentina could also promote exploration of the Vaca Muerta shale oil and gas reserves by EU investors.
Persons: Ursula von der Leyen, Von der, Olaf Scholz, Luiz Inacio Lula da Silva, Josep Borrell, Philip Blenkinsop, David Holmes Organizations: European Union, Mercosur, EU, Thomson Locations: BRUSSELS, Ukraine, China, Brazil, Argentina, Chile, Mexico, Paris, Brussels, Caribbean, Paraguay, Uruguay, Mercosur, Vaca
EU considering major Tunisia aid package as migration surges
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +2 min
Speaking in Tunisia, von der Leyen said 900 million euros in macrofinancial assistance, plus an immediate 150 million euros in budget support could be ready "as soon as the necessary agreement is found", without elaborating. She said the EU would also this year provide Tunisia with 100 million euros for border management, search and rescue, anti-smuggling operations and returns "rooted in respect for human rights". Von der Leyen was accompanied by Dutch Prime Minister Mark Rutte and Italian Prime Minister Giorgia Meloni, whose country is the main arrival point for migrants crossing the Mediterranean from Tunisia. She said on Sunday the EU and Tunisia had already signed a joint declaration, which she hailed as an important step "towards the creation of a real partnership". She said there was "an important window of opportunity" to finalise the aid agreement before the European Council at the end of June.
Persons: Ursula von der Leyen, von der Leyen, Kais Saied, Saied, Von der Leyen, Mark Rutte, Giorgia Meloni, Tunisians, Angus McDowall, Federico Maccioni, Alex Richardson, Sharon Singleton Organizations: European, EU, International Monetary Fund, Dutch, Italian, IMF, European Council, Thomson Locations: TUNIS, European Union, Tunisia, Meloni, Europe, Tunisian, Tunis, Rome
Tunisia will not be Europe's border guard, president says
  + stars: | 2023-06-10 | by ( ) www.reuters.com   time to read: +1 min
TUNIS, June 10 (Reuters) - Tunisian President Kais Saied said on Saturday that Tunisia would not accept becoming a border guard for other countries ahead of a planned visit by European leaders concerned at the number of migrants crossing the Mediterranean. Italian Prime Minister Giorgia Meloni, Dutch Prime Minister Mark Rutte and European Union Commission Chief Ursula von der Leyen will offer aid when they visit on Sunday, Meloni said on Friday, with Tunisia facing a crisis in its public finances. "The solution will not be at the expense of Tunisia... we cannot be a guard for their countries," Saied said while visiting the port city of Sfax, the main departure point for migrants seeking to reach Italy by boat. European countries fear that would turbocharge what is already a big surge in cross-Mediterranean migration this year, particularly from Tunisia. Perilous Mediterranean crossings soared after Saied announced a crackdown on sub-Saharan migrants in February using language the African Union denounced as racialised.
Persons: Kais Saied, Giorgia Meloni, Mark Rutte, Ursula von der, Meloni, Saied, Fitch, Tarek Amara, Angus McDowall, Andrea Ricci Organizations: European Union Commission, IMF, Thomson Locations: TUNIS, Tunisia, Italian, Dutch, Sfax, Italy, African
Meanwhile, Kyiv and Moscow engaged in an intense round of finger pointing over responsibility for the unfolding environmental disaster. The dam’s collapse is not just devastating for those who reside in the immediate environs — it is a nationwide disaster for Ukraine that could reverberate across the globe. Stalin’s goal in the midst of World War II was to prevent Nazi armies from sweeping across Ukraine, which at the time was part of the Soviet Union. The dam collapsed as Ukraine stepped up operations in anticipation of a much-awaited counter-offensive. The broken walls of the Nova Kakhovka dam, and its destructive rushing waters, should strengthen the resolve of Ukraine’s backers.
Persons: Frida Ghitis, Joseph Stalin, Dmitry Peskov, Volodymyr Zelensky, Zelensky’s, Andriy Yermak, Ursula Von der Leyen, , Antonio Guterres Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, Soviet Union, EU, , UN, UN Security Council, United Nations General Assembly, Human Rights, Twitter, NATO, Kyiv Locations: Ukraine’s, Dnipro, Ukraine, Kyiv, Moscow, Soviet, Russia, “ Russia, Geneva, Ukrainian, Vilnius, Lithuania, Baltic, Nova
Changing trade patterns in the region are an opportunity, but also a risk. Georgian public support for EU membership has resurged over recent months, with four-fifths (81%) of the population currently in favor joining the bloc, according to a recent poll from U.S.-founded non-profit the National Democratic Institute. Armenia, meanwhile, has never submitted an application for either membership, and other Central Asian countries would not be eligible to join the EU. The geopolitical context with which we [Georgia] are now thought of is with other Central Asia countries. But they don't have EU membership as a target — we do," Kukava said.
Persons: Armenia's, haven't, Mikheil Kukava, Subir Lall, , Kukava, they're, Ursula von der Leyen, Armen Nurbekyan, Nurbekyan Organizations: Anadolu Agency, Getty, International Monetary Fund, Institute for Development of, CNBC, Russia Western, European Bank for Reconstruction, Development, European Union, Georgia's National Statistics Office, European Commission, of Seven, Central Bank of, EU, NATO, of Information, U.S, National Democratic Institute, Central Locations: Tbilisi, Russian, Moscow, Georgia, Armenia, Ukraine, Russia, Soviet, Russia's, Caucasus, Central Asia, Kazakhstan, Turkey, United Kingdom, United States, Kyrgyzstan, Tajikistan, Azerbaijan, East, Central Bank of Armenia, Armenia's, U.S, of Information Georgia
More than 280 people were killed and over 1,100 injured in a three-way crash involving two passenger trains and a freight train in eastern Odisha state on Friday, officials said. BJP4India/TwitterThe cause of Friday’s crash remains unclear, but senior state railway officials told CNN that it is suspected to have been caused by a traffic signaling failure. Video footage and photographs from the crash site near Bahanaga Bazar rail station showed scenes of chaos and despair. An official overseas rescue efforts at the site of the train crash in Balasore. An aerial view of the derailed coaches in Balasore.
Persons: Narendra Modi, Modi, Ashwini Vaishnaw, ” Modi, , “ It’s, Sudhanshu Sarangi, “ We’ve, Piyal Adhikary, Anshuman Purohit, ” Rohit Raj, Dibyangshu Sarkar, , Narendra Singh Bundela, ” Bundela, Stringer, Rafiq Maqbool, AP Modi, Shehbaz Sharif, Rishi Sunak, Ursula von der Leyen, Fumio Kishida Organizations: India CNN — Indian, Bharat, CNN, Chennai Coromandel, Passengers, NDTV, Getty, Response Force, Reuters, National Crime Records, Western, AP, Force, Rapid Action Force, Soro Block, , British, EU, Japan’s Locations: Bhubaneswar, India, Odisha, Balasore, Shalimar, Chennai, Yesvantpur, Howrah, Bahanaga Bazar, AFP, Andhra Pradesh, Uttar Pradesh, New Delhi, Mumbai, country’s Jammu, Kashmir, Soro
The UAE will host the COP28 climate summit from Nov. 30 through to Dec. 12. The director general of COP28 on Thursday defended the appointment of oil executive Sultan al-Jaber, describing the Abu Dhabi National Oil Company CEO as the "perfect person" to lead the climate talks. The UAE, the third-largest oil-producing member of the OPEC alliance, will host the COP28 climate summit from Nov. 30 through to Dec. 12. Asked by CNBC's Dan Murphy to respond to the calls to remove al-Jaber as president-designate of the summit, COP28 Director General Majid al-Suwaidi said: "This is a discussion that we've seen a lot in the media. "As the UAE we've been really focused on how do we deliver the results we need for COP28 and I know that Dr. Sultan is the perfect person to do that.
Persons: Sultan al, Jaber, COP28, Joe Biden, Ursula von der Leyen, Bernie Sanders, Elizabeth Warren, CNBC's Dan Murphy, Majid al, Suwaidi, we've, , they're, Sultan Organizations: Abu, Abu Dhabi National Oil Company, European, United, U.S, UAE we've Locations: UAE, COP28, Abu Dhabi, United Arab Emirates
NATO Airborne Warning and Control Systems (AWACS) surveillance aircraft will watch the skies over the summit venue through Friday, the alliance said in a statement. Missile debris from the war in Ukraine has been found in Moldova several times since Russia invaded 15 months ago. "NATO AWACS can detect aircraft, missiles and drones hundreds of kilometres away, making them an important early warning capability," NATO spokesperson Oana Lungescu said. The summit will also touch on a range of strategic issues, ranging from energy to cybersecurity and migration. Reporting by John Irish, Andrew Gray and Alexander Tanas; writing by John Irish; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
Persons: Josep Borrell, Nicu Popescu, Ana Revenco, Oana Lungescu, Volodymyr Zelenskiy, Maia Sandu, Ursula von der, Albin Kurti, Aleksandar Vucic, ” Borrell, Emmanuel Macron, Olaf Scholz, John Irish, Andrew Gray, Alexander Tanas, Mark Heinrich Our Organizations: High Representative, European Union for Foreign Affairs, Moldova's, Russia, NATO, Kyiv, Control Systems, European, Kosovo, EU, Thomson Locations: Chisinau, Moldova, Ukraine, Kosovo, Moldovan, Romania, Russia, Ursula von der Leyen, KOSOVO, Slovakia, defusing, Serbian, Europe, Azerbaijan, Armenia
"Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war," more than 350 signatories wrote in a letter published by the nonprofit Center for AI Safety (CAIS). As well as Altman, they included the CEOs of AI firms DeepMind and Anthropic, and executives from Microsoft (MSFT.O) and Google (GOOGL.O). Elon Musk and a group of AI experts and industry executives were the first ones to cite potential risks to society in April. AI pioneer Hinton earlier told Reuters that AI could pose a "more urgent" threat to humanity than climate change. Last week OpenAI CEO Sam Altman referred to EU AI - the first efforts to create a regulation for AI - as over-regulation and threatened to leave Europe.
EU's von der Leyen to meet OpenAI CEO Altman on Thursday
  + stars: | 2023-05-30 | by ( ) www.reuters.com   time to read: 1 min
BRUSSELS, May 30 (Reuters) - European Commission President Ursula von der Leyen will meet the chief executive of OpenAI, Sam Altman, on Thursday, a commission spokesperson said on Tuesday without giving further detail. Altman last week said the ChatGPT maker might consider leaving Europe if it won't be able to comply with the bloc's upcoming artificial intelligence (AI) regulations. Reporting by Bart Meijer, editing by Tassilo HummelOur Standards: The Thomson Reuters Trust Principles.
SEOUL, May 22 (Reuters) - South Korea and the European Union agreed on Monday to step up cooperation on security amid tension over Russia's invasion of Ukraine and North Korean nuclear threats. He also wants cooperation to curb North Korea's nuclear ambitions. They also criticised North Korea's ongoing efforts to develop its nuclear arsenal and Pyongyang's threats of the possible use of nuclear weapons against South Korea. South Korea is a staunch U.S. ally and hosts some 28,000 U.S. troops. It has also developed a crucial economic relationship with China, South Korea's largest trading partner.
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