European Union Could Share Its Solid Economic Benefits With Moldova, Ukraine And Georgia OpEd – Eurasia Review
European Union has, at least by territory and population, expanded as the European Council overwhelmingly decided to grant Moldova and Ukraine, with the possibility of Georgia, candidates status to join the bloc. Current, the European Union consists of 27 members and has an estimated total population of about 447 million. Moldova, Ukraine and Georgia, all former Soviet republics, will together add approximately 50.8 million to the current population of the European Union.
As former Soviet republics, the three attained their political independence and within the international laws, must be considered with respect based on the principles of their territorial integrity and national sovereignty. While the granting them their new status after official requests from them, it has indeed sparked debates especially in the Russian Federation.
European Union leaders have formally agreed to grant candidate status to Ukraine, as well as Moldova, although the two former Soviet republics face a long path before joining the bloc. Ukraine applied to join the bloc just days after the Russian invasion on 24 February, and the process from application to candidacy has gone through at record speed.
Undoubtedly the new status has opened wide, most possibly, better doors and a platform to spring up with economic development through integration into European Union. President of the European Council, Charles Michel, noted: it is a historic moment, today marks a crucial step on your path towards the European Union. Our future is together.
The official congratulated the leaders of Ukraine and Moldova. Regarding Georgia, the European Council decided to recognize the European perspective of Georgia and is ready to grant candidate status once the outstanding priorities are addressed, Michel said. Congratulations to the Georgian people, he said. A historic moment in EU-Georgia relations: Georgias future lies within the EU.
The European Commission on June 17 recommended that the summit grant a candidate status to Ukraine and Moldova. It is a symbol of hope to support the Ukrainians while the country had a long way to go before actual accession. A few days later, Speaker of Moldova Parliament, Igor Grosu, announced that Moldova ready to join new sanctions, mostly in finance and banking, against Russia.
We will show solidarity with the EU, as our status and European aspirations oblige us. Of course, we will join [any new sanctions] meant to stop the military operation. We are seeking to contribute to this goal by any diplomatic means, Grosu said following a decision by the EU.
Moldovas Deputy Prime Minister and Minister of Foreign Affairs, Nicu Popescu earlier said the East European nation could not fully join anti-Russian sanctions due to its weak economy. European Union candidate status now provides Moldova with access to worlds most developed market. It offers similar new economic opportunities to bothe Ukraine and Georgia.
In one of her warm-hearted illuminating speeches at a media briefing, President Maia Sandu emphasized: Candidate country status gives us a clear direction of our development, support on this path, and most importantly, hope. We are a small and vulnerable country, which would feel more secure when it becomes part of the European family, in which we could count on support from all members and institutions. Belonging to the EU also means access to the richest and the most developed market in the world.
Moldova, however, expects more support from the European Union to improve the wellbeing of its people and provide preconditions for developing the business environment. The situation will not change overnight after candidate status has been granted, as a lot of hard work is still ahead, Sandu said, attributing the current hardships in Moldova to the conflict in Ukraine that began late February.
Ukraines President Volodymyr Zelensky hailed the news as a unique and historic moment, adding Ukraines future is within the EU while the French President Emmanuel Macron said that the decision by EU leaders sent a very strong signal to Russia that Europeans support Ukraines pro-Western aspirations.
At least, they have joined the European family that offers practical warmth for sustainable development. Ukraine has already signed an agreement with the European Union on joining its LIFE Program, an international funding instrument for the environment and climate action, whose budget on environment protection projects for 2021-2027 amounts to 5.43 billion, Ukrainian media reported with reference to the Environment Protection and Natural Resources Ministry.
Ukrainian Environment Protection Minister Ruslan Strilets and European Commissioner for Environment, Oceans, and Fisheries Virginijus Sinkevicius signed the agreement.The ministry has over 15 concrete proposals to be transformed into relevant projects to be presented for consideration under LIFE Program.
Ukraine has received great support and colossal capabilities from the European Union for restoring not only the environment but also live nature in Ukraine. This is something for which there has always been a lack of funding. LIFE is a powerful financial tool of the participating countries. This means great confidence in Ukraine, Strilets said. This should help us develop more new projects which local businesses could be engaged with. Therefore, weve made a very important step today.
In the near future Moldova, Ukraine and Georgia have the possibility to access the benefits from the Global Gateway, a new European strategy directed at boosting smart, clean and secure links in digital, energy and transport sectors and to strengthen health, education and research systems across the world.
It is in line with the commitment of the G-7 leaders from June 2021 to launch a values-driven, high-standard and transparent infrastructure partnership to meet global infrastructure development needs. The Global Gateway is also fully aligned with the UNs Agenda 2030 and its Sustainable Development Goals, as well as the Paris Agreement.
In addition, late June the he Group of Seven economic powers the U.S., Germany, France, the U.K., Italy, Canada and Japan made some progress in bringing their counterparts from their five guest countries closer to Western views on sanctions against Russia. The G-7 is committing themselves to support the new members especially Ukraine.
Ahead of his trip, Biden authorized another US$450 million in weaponry to be sent to Ukraine, bringing the total U.S. commitment to US$6.1 billion since the start of the war. Offering a concrete template, the G-7 combined are aiming to invest US$600 billion in public and private capital for infrastructure projects over the next five years, with US$200 billion of that total coming from the United States.
According to European lawmakers interviewed by local Russian media Izvestia, this step has broad support from the EU. Meanwhile, Russia views the move ambiguously. On the one hand, it sees EU membership as tantamount to striving for NATO, on the other hand, European integration is a purely economic issue and does not raise any concerns.
Well see, well analyze the consequences, former Deputy Foreign Minister Grigory Karasin told Izvestia. The context is important; it is not as harmless as it might have seemed three years ago. Decisions are being made amid a sanctions offensive and against everything Russian, he added.
That being said, the European Union noted that obtaining candidate status is only the first step towards membership. Engin Eroglu, a member of the Committee on Foreign Affairs in the European Parliament, in an interview with Izvestia said that the process of gaining membership to the EU does not mean automatic entry, but it means that the country has started pro-European processes and reforms, which are partially financed by Brussels.
The granting of candidate status to Ukraine and Moldova has angered other countries that have been striving to join the European Union for several years now. For example, the European Commission has so far denied this status to Georgia, the newspaper writes.
Tbilisi, to put it mildly, was not happy about the refusal, but this will not be a reason for any deterioration in relations between the European Union and Georgia, Head of the Department of Integration Studies at Moscow State University of International Relations (MGIMO) Nikolay Kaveshnikov told Izvestia.
Russia consistently expresses fierce opposition to this European membership over the past several years. President Vladimir Putin had declared Ukraine to be part of Moscows sphere and insisted he was acting due to attempts to bring the country into NATO, the Western alliance that comes with security guarantees.
Granting Ukraine and Moldova candidate status to join the European Union looks like nothing more than a scam by the West, according to Russian Foreign Ministry Spokeswoman Maria Zakharova. Scam is such a wonderful word, seeing that the numerous decisions taken by the West are more like combination of a destructive, provocative nature, rather than well-thought-out steps, the diplomat said, speaking to the Sputnik Radio.
I think thats certainly their case, she added, Given these maneuvers, these zigzags that we now are witnessing from the West with regards to Moldova, Ukraine, and Georgia, it is no longer necessary to prove anything in terms of market conditions. There is a direct link between economics and politics. And this is exactly what they have always stood against. She described the actions by the European Union as infringement of Russias territorial integrity, and as encroachment on former Soviet space and territory.
On the distinctive opposite side, Russia sees no risks for itself in the fact that Ukraine and Moldova have been granted EU candidate status, Russian Foreign Minister Sergey Lavrov said at a press conference following talks with his Azerbaijani counterpart Jeyhun Bayramov on June 24 in Baku.
Our position has always been that the European Union is not a political bloc, unlike NATO. The development of its relations with any countries that wish to do so does not create any threats and risks for us, Lavrov said in reply to a media question. Of course, we will realistically consider the European Unions behavior and monitor the real steps it takes and how the candidate countries act: whether they comply with these requirements or still try to show their independence.
These new European Union members have some strategic significance. Moldova is a landlocked country in Eastern Europe. It shares borders with Romania to the west and Ukraine to the north. Ukraine, with a coastline along the Black Sea and the Sea of Azov to the south and southeast, respectively could be used for economic benefits by the European Union.
View original post here:
European Union Could Share Its Solid Economic Benefits With Moldova, Ukraine And Georgia OpEd - Eurasia Review
- European Union expects 15% U.S. tariffs on Friday, but key document still not complete - PBS - August 3rd, 2025 [August 3rd, 2025]
- US Travelers Obtaining ETIAS Authorization to Visit European Union Nations Starting in 2026: Heres More You Need to Know - Travel And Tour World - August 3rd, 2025 [August 3rd, 2025]
- European Union allocates 1.1mn to address urgent water crisis in Iraq - bne IntelliNews - August 3rd, 2025 [August 3rd, 2025]
- European Union Seeks Approval To Remove Liquid Limit In Carry-On Luggage bags, Allowing Up to Two Liters At Airports - Travel And Tour World - August 3rd, 2025 [August 3rd, 2025]
- European Union's Quinoa Market to Grow at CAGR of +2.5%, Reaching $104M by 2035 - IndexBox - August 3rd, 2025 [August 3rd, 2025]
- European Union's Phosphinates and Phosphonates Market: Volume to Reach 26K Tons and Value to Hit $79M by 2035 - IndexBox - August 3rd, 2025 [August 3rd, 2025]
- Statement of the European Union and its Member States on the 5th anniversary of the Beirut Port blast - EEAS - August 3rd, 2025 [August 3rd, 2025]
- European Union Triples Visitor Entry Fee for Travelers What You Need to Know - Travel And Tour World - August 3rd, 2025 [August 3rd, 2025]
- Dodik: The verdict was created by the European Union, Schmidt is the source of disorder in BiH - European Newsroom - August 3rd, 2025 [August 3rd, 2025]
- European Union's Roasted Chicory Market Expected to See 1.5% CAGR Growth, Reaching $674M by 2035 - IndexBox - August 3rd, 2025 [August 3rd, 2025]
- The agreement with the European Union holds: Trump confirms the 15% tariffs. - L'Unione Sarda.it - August 3rd, 2025 [August 3rd, 2025]
- European Union expects to face 15% US tariffs from Friday. But a key text still isnt ready - newspressnow.com - August 3rd, 2025 [August 3rd, 2025]
- European Union expects to face 15% US tariffs from Friday. But a key text still isnt ready - AP News - August 1st, 2025 [August 1st, 2025]
- U.S. and European Union reach trade pact that sets 15-per-cent tariff on EU goods - The Globe and Mail - August 1st, 2025 [August 1st, 2025]
- European Union expects to face 15% US tariffs from Friday. But a key text still isnt ready - WDIO.com - August 1st, 2025 [August 1st, 2025]
- The United States and European Union Trade Deal - Forvis Mazars US - August 1st, 2025 [August 1st, 2025]
- European Union assumes it faces 15% tariffs in the US from Friday. But a key text still isnt ready - fox5sandiego.com - August 1st, 2025 [August 1st, 2025]
- The United States and the European Union Reach a Trade Deal - Council on Foreign Relations - July 30th, 2025 [July 30th, 2025]
- No Majority in the European Union to Suspend Funding for Israeli Startups - Haaretz - July 30th, 2025 [July 30th, 2025]
- President Trump and European Union President Speak After Meeting in Turnberry, Scotland - C-SPAN - July 28th, 2025 [July 28th, 2025]
- Following a European Union Trade Deal, Heres the Top Move You Should Make Today - Yahoo Finance - July 28th, 2025 [July 28th, 2025]
- U.S. and European Union trade deal could cost the pharma industry up to $19 billion - Fast Company - July 28th, 2025 [July 28th, 2025]
- United States and European Union come to terms on trade deal framework - logisticsmgmt.com - July 28th, 2025 [July 28th, 2025]
- Fact Sheet: The United States and European Union Reach Massive Trade Deal - kboi.com - July 28th, 2025 [July 28th, 2025]
- Reaction to the European Union's trade agreement with the Trump administration - Midland Daily News - July 28th, 2025 [July 28th, 2025]
- What's at stake with the European Union-U.S. trading partnership if a tariff deal isn't reached - Wyoming Public Media - July 27th, 2025 [July 27th, 2025]
- China and the European Union Europea: The summit that wasnt - Pressenza - International Press Agency - July 27th, 2025 [July 27th, 2025]
- A group of 32 long-term observers from the European Union were deployed today to the nine departments of Bolivia - EEAS - July 27th, 2025 [July 27th, 2025]
- The French rebel against a pesticide authorised for use in the European Union - Euronews.com - July 27th, 2025 [July 27th, 2025]
- European Union has the votes to impose retaliatory tariffs on U.S. - upi.com - July 24th, 2025 [July 24th, 2025]
- European Union: Concerns over systematic restrictions against solidarity with the Palestinian people - fidh.org - July 24th, 2025 [July 24th, 2025]
- China and the European Union: The End of Strategic Ambiguity - Robert Lansing Institute - July 24th, 2025 [July 24th, 2025]
- The European Union Could Force All Rental Car Companies to Buy EVs As Early As 2030 - Road & Track - July 22nd, 2025 [July 22nd, 2025]
- European Union | ETIAS fee has increased to 20 euros - BAL Immigration Law - July 22nd, 2025 [July 22nd, 2025]
- European Union's Black Printing Ink Market to See Modest Growth with CAGR of +1.4% from 2024 to 2035 - IndexBox - July 22nd, 2025 [July 22nd, 2025]
- Confirmed Trump imposes 30% tariffs on the European Union and Mexico as of August 1 - Blanquivioletas - July 22nd, 2025 [July 22nd, 2025]
- European Union's Acyclic Hydrocarbons Derivatives Market to Experience Slight Growth with CAGR of +0.7% - IndexBox - July 22nd, 2025 [July 22nd, 2025]
- European Union's Almond Market to Grow at a Decelerating Rate with a CAGR of +0.8% from 2024 to 2035 - IndexBox - July 22nd, 2025 [July 22nd, 2025]
- European Union's Wheat Market Expected to Reach 118M Tons and $34.3B by 2035 - IndexBox - July 20th, 2025 [July 20th, 2025]
- European Union's Nail and Bolt Market to Grow at +1.2% CAGR Over the Next Decade - IndexBox - July 20th, 2025 [July 20th, 2025]
- European Union's HVAC Equipment Market to Grow at +1.0% CAGR, Reaching 932M Units by 2035 - IndexBox - July 20th, 2025 [July 20th, 2025]
- European Union's Vacuum Pumps and Air or Gas Compressors Market to Witness 1.8% CAGR Growth from 2024 to 2035 - IndexBox - July 20th, 2025 [July 20th, 2025]
- European Union's Confectionery Market to Experience Slow Growth with CAGR of +1.2% - IndexBox - July 20th, 2025 [July 20th, 2025]
- European Union increasing pressure on Russia to end invasion of Ukraine - WFAA - July 20th, 2025 [July 20th, 2025]
- European Union's Flat Hot-Rolled Steel in Coils Market to Grow at +1.4% CAGR, Reaching 37M Tons by 2035 - IndexBox - July 20th, 2025 [July 20th, 2025]
- The European Union Passed Its Artificial Intelligence Bill. Will It Enforce It? - Billboard - July 20th, 2025 [July 20th, 2025]
- Solidarity visit to Ukraine: COMECE witnesses the scale of human loss - The Catholic Church in the European Union - July 20th, 2025 [July 20th, 2025]
- Briefing paper for the 13th European Union-Vietnam human rights dialogue - fidh.org - July 18th, 2025 [July 18th, 2025]
- How Important Are the Turkic States to the European Union, and in What Areas? - Hungarian Conservative - July 16th, 2025 [July 16th, 2025]
- European Union threatens tariff retaliation after Trumps trade move - CGTN America - July 16th, 2025 [July 16th, 2025]
- European Union Responds to Trump Tariffs by Targeting Boeing, U.S. Cars and Bourbon - CPA Practice Advisor - July 16th, 2025 [July 16th, 2025]
- EU expands sanctions against Russia for destabilization in the European Union and Ukraine - - July 16th, 2025 [July 16th, 2025]
- Nine Iranian individuals and entities added to the European Union's new sanctions list - Iran Focus - July 16th, 2025 [July 16th, 2025]
- European Union to delay retaliatory tariffs on U.S. goods in hopes of reaching deal - CBS News - July 14th, 2025 [July 14th, 2025]
- Trump announces tariffs of 30% on Mexico and the European Union - CNN - July 14th, 2025 [July 14th, 2025]
- Video Trump threatens the European Union and Mexico with new tariffs - ABC News - Breaking News, Latest News and Videos - July 14th, 2025 [July 14th, 2025]
- European Union on the ropes as Trump and China turn the screws - South China Morning Post - July 14th, 2025 [July 14th, 2025]
- Trump announces tariffs on European Union, Mexico starting in August - CBS News - July 14th, 2025 [July 14th, 2025]
- EUR/USD rises to near 1.1700 due to Trumps tariff threats on European Union - FXStreet - July 14th, 2025 [July 14th, 2025]
- Trump: European Union in discussions with us on trade - Forex Factory - July 14th, 2025 [July 14th, 2025]
- Trump announces 30% tariffs on Mexico and European Union starting Aug. 1 - CBS News - July 14th, 2025 [July 14th, 2025]
- Trump Announces 30% Tariffs On European Union And Mexico As Trade War Ramps Up Again - HuffPost - July 14th, 2025 [July 14th, 2025]
- Trump announces 30% tariff on European Union and Mexico - The Economic Times - July 14th, 2025 [July 14th, 2025]
- Trump announces 30 percent tariffs against European Union and Mexico - The Boston Globe - July 12th, 2025 [July 12th, 2025]
- Trump announces shocking new tariffs for European Union and Mexico that will have a major impact - UNILAD - July 12th, 2025 [July 12th, 2025]
- Trump announces tariffs of 30% on Mexico and the European Union - KTVZ - July 12th, 2025 [July 12th, 2025]
- Israel, European Union reach deal on more aid, fuel deliveries to Gaza - The Washington Post - July 12th, 2025 [July 12th, 2025]
- Trump hits the European Union (EU) with a 30% tariff, starting on August 1 - Forexlive | Forex News, Technical Analysis & Trading Tools - July 12th, 2025 [July 12th, 2025]
- Life-cycle greenhouse gas emissions from passenger cars in the European Union: A 2025 update and key factors to consider - International Council on... - July 12th, 2025 [July 12th, 2025]
- Trump's 30% tariff threat on European Union goods a negotiation tactic: EU officials - Mint - July 12th, 2025 [July 12th, 2025]
- European Union's Dental Fittings Market to Reach 14M Units and $13.1B in Value by 2035 - IndexBox - July 12th, 2025 [July 12th, 2025]
- Bigger, better funded and focused on public goods: how to revamp the European Union budget - Bruegel - July 12th, 2025 [July 12th, 2025]
- European Union Special Representatives for the Sahel and the Horn of Africa visit Addis Ababa - EEAS - July 8th, 2025 [July 8th, 2025]
- Iceland : The 28th member state of the European Union ? Le Taurillon - treffpunkteuropa.de - July 8th, 2025 [July 8th, 2025]
- European Union's Caramel Market to Reach 606K Tons and $838M by 2035 - IndexBox - July 6th, 2025 [July 6th, 2025]
- European Union's Threaded Steel Articles Market to Grow at +1.4% CAGR, Reaching $4.4B by 2035 - IndexBox - July 6th, 2025 [July 6th, 2025]
- The European Union awards an additional 14.8 million in Aid to UNICEF to support the most vulnerable children and strengthen disaster preparedness in... - July 4th, 2025 [July 4th, 2025]
- Speech by President Antnio Costa at the opening ceremony of the Danish Presidency of the Council of the European Union - consilium.europa.eu - July 4th, 2025 [July 4th, 2025]
- Deepening structural reforms and reprioritising public spending can boost growth in the European Union - OECD - July 4th, 2025 [July 4th, 2025]
- Now Unfolding The Impact Of Russias Military Priorities On International Travel: Insights For US, China, European Union And CIS Markets: Here Is What... - July 4th, 2025 [July 4th, 2025]