● European Council | | 19/10/2022 19:23 | Statements and remarks | | | | Today we met with our social partners at a challenging time for the world and for our European Union. It is a time of war. Russia is brutally attacking the people of Ukraine, and Ukraine is bravely defending itself. And Russia’s war has unleashed high energy prices and put pressure on our families and businesses across the EU and beyond. This was the main topic of our summit today with the social partners. The active participation of social partners will again be essential in facing today's challenges, just like during COVID 19. Energy will be the focus of our European Council meeting tomorrow and Friday, and we have three goals: lowering prices, guaranteeing security of supply, and having a functioning single market with no distortion. The question is, how do we achieve this? We are not starting from scratch: the EU, along with our member states, has already taken measures on energy savings, on gas storage for the coming winter, and on some key issues we have taken decisions that need to be enforced. Joint purchases of energy resources, for instance. On others, especially on reducing energy prices, we have had many strategic discussions. In fact, this topic has been at the top of the European Council's agenda for a long time. Since March we have invited the Commission to come up with proposals to tackle high prices and address the energy crisis, and the Commission has now tabled its proposals. The time has come to take the bold decisions our citizens and businesses expect. There is one question, one important question: do we do it the European way, acting together in the common interest, or do we do it alone? We should avoid the temptation of national-only approaches to tackle this crisis, because this would be a huge mistake. The national-only approach will not work, because it would endanger our single market, which benefits us all. It is our strongest asset. Jeopardising the single market means jeopardising the prosperity and the future of all member states, without exception. Tomorrow we will discuss, and I hope decide on, the options on the table. First, negotiating with partners on security of supply and lower import prices. To keep gas imports on the same level, EU countries have spent much more in this new situation, and generated windfall profits for gas providers and for the respective countries. This imbalance between close partners and closely linked economies is not a good situation. This is common sense. I am sure, I am confident we can find a mutually satisfactory solution to this problem. Second, we will discuss putting into action joint purchases of gas, because this will strengthen our collective bargaining power and ensure we don't drive up prices by competing against each other. Third, we will examine a workable solution on gas price caps, taking into account our energy supply. A significant number of member states are in favour of capping gas prices, and there are different options on the table. We need a clear way forward with clear deadlines. Enfin, je voudrais ajouter que ce qui est en jeu dans le cadre de cette crise de l'énergie, c'est la robustesse du marché intérieur et la nécessité d'agir pour éviter tout risque de fragmentation de ce marché. Le marché intérieur est un atout absolument essentiel pour la prospérité et le progrès au niveau de l'Union européenne. Le message est très clair: il y a une responsabilité politique qui repose sur les épaules de l'ensemble des dirigeants sur le plan européen et sur le plan national. Sommes-nous prêts à agir ensemble pour protéger l'avenir de ce projet européen? Je compte sur la mobilisation, je compte sur le courage, afin que demain des pas en avant significatifs soient réalisés dans l'intérêt de l'ensemble des citoyens et des entreprises de l'Union européenne. |
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● Council of the EU | | 19/10/2022 19:13 | Press release | | | | The EU is making further progress on the capital markets union (CMU), a plan to create a single market for capital in order to get investments and savings flowing across all member states for the benefit of citizens, businesses and investors. Today, negotiators from the Council and the European Parliament reached a provisional agreement on the review of the regulation on European long-term investment funds (ELTIF) in order to make these investment funds more attractive. "Together with the European Parliament we have decided to make European long-term investment funds more attractive and easier to invest in. This category of funds is at present largely unknown due to obstacles in its regulatory framework which we have today agreed to remove. One of the key priorities for the Council is now reflected in the text: a redesign of the ELTIF framework which will allow us to channel more financing to SMEs and long-term projects which will help achieve the digital transition." Zbyněk Stanjura, Minister of Finance of CzechiaThe ELTIF regulatory framework sets out detailed fund rules on eligible assets and investments, diversification and portfolio composition, leverage limits and marketing. ELTIFs are the only type of funds dedicated to long-term investments that can be distributed on a cross-border basis to both professional and retail investors. However, since the adoption of the regulation in 2015 only a few ELTIFs have been launched due to significant constraints in the distribution process (demand-side) and stringent rules on portfolio composition (supply-side). The ELTIF industry is relatively small and concentrated in a handful of member states. There is an untapped potential to channel more capital towards long-term projects. Since ELTIFs are designed to channel long-term investments, they are well placed to help finance inter alia the green and digital transitions. They can be an important vehicle for channelling financing to small and medium-sized enterprises (SMEs) and long-term projects such as transport and social infrastructure, sustainable energy generation or distribution, or social infrastructure. In their agreement, the co-legislators intend to overcome a number of supply-side and demand-side limitations. They clarified in particular the scope of eligible assets and investments, the portfolio composition and diversification requirements, the conditions for borrowing and lending of cash and other fund rules, including sustainability aspects. The package also includes rules to make it easier for retail investors to invest in ELTIFs while ensuring strong investor protection. Following technical and legal revision, the finalised text will be submitted for the adoption by the Council and the European Parliament. BackgroundThe Commission presented its Capital Markets Union package including the ELTIF proposal on 25 November 2021. The Council adopted its position on the proposal on 24 May 2022. Negotiations with the European Parliament in order to agree on a final version of the text started on 14 September and ended in the provisional agreement reached today. European long-term investment funds: Council adopts its position (press release, 24 May 2022) Capital Markets Union (background information) |
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● European Council | | 18/10/2022 18:29 | Statements and remarks | | | | Ladies and Gentlemen, Director-General of the WHO, my dear friend Dr Tedros. It is a great pleasure for me to be with you today, even if it is virtually. First, I would like to pay tribute to all Ukrainian health professionals. You are working in absolutely horrific war conditions. You are working bravely to save lives and, as far as possible, to try to alleviate human suffering. I would like to say to you now that to us, you are heroes. Our respect for you is immense. Ladies and gentlemen, friends, COVID-19 has moved public health — and international cooperation — high up on the agenda, and quite rightly so. Because health is closely related to other public policies, such as climate change, the environment, trade, the economy, and social cohesion. Our health, as we well know, is directly linked to the health of our ecosystems and, more broadly, to the health of our planet. We must fully grasp these links if we are to rise to the most urgent challenges, such as antimicrobial resistance, new pandemics that might arise, or food security. That is why I firmly believe that we must adopt this ‘One Health’ approach. The One Health approach is not a luxury. On the contrary, it is a sine qua non for the future of world health. The COVID-19 pandemic has dealt a terrible blow to health services the world over. It has also halted two decades of previously uninterrupted progress towards universal health coverage. It is a matter of urgency to reverse this trend by taking concerted action. We fully share the United Nations’ Common Agenda which aims to accelerate the implementation of the Sustainable Development Goals, including on health. In our international partnerships, the European Union gives priority to strengthening health systems and to universal health coverage. We are fully determined to work tirelessly to leave no-one behind. Everyone must have, and should have access to quality healthcare without financial barriers and without the place in which they live posing an obstacle. The World Health Organization (WHO) is, of course, at the centre of our international health system. It is the steering and coordinating authority for tackling global health challenges. Next year, you will be celebrating your 75th anniversary. The European Union is determined to play a prominent role in an inclusive process to strengthen the WHO. Especially as regards preparedness for health emergencies and the response to them. That is why not long ago, together with Dr Tedros, we launched the idea of an international treaty on pandemics. This binding international treaty on pandemic prevention, preparedness and response is currently under negotiation. It will, I hope, include the amendments to the International Health Regulations. I also hope that equity, solidarity, greater transparency and closer coordination will be the foundation of this future treaty. Of course, we know that substantial investments will be necessary to ensure that it is effective and credible. And that includes through technical assistance and by strengthening the capacities of developing countries. Beyond COVID, the EU is fully committed to health matters across the globe. We are currently updating our Global Health Strategy. We want to strengthen global health systems and tackle health inequalities to move towards universal health coverage. This includes working to build effective multilateral institutions and to develop strategic partnerships with other regions of the world.Global health is also one of the G7 and G20 leaders’ priorities. In this respect, I would like to welcome the launch of the Financial Intermediary Fund for Pandemic Preparedness and Response. And we invite potential donors to join this effort. Ladies and gentlemen, dear friends, Several months ago, after much diplomatic effort, we reached a compromise on vaccine intellectual property rights. We have struck a balance between intellectual property, scientific innovation and universal access to technology. I welcome this agreement because it will ensure that countries without any production capacity will not face any obstacles or legal uncertainties when importing COVID-19 vaccines. The pandemic has highlighted the challenges of ensuring equitable access to vaccines. This is why there is such an urgent need to increase local vaccine production, especially in developing countries. That is why the European Union, with the support of financial institutions, has committed to raise over EUR 1 billion. One billion euros to promote local production and improve access to vaccines, medicines and technology in Africa. Technology transfer and support for regional production hubs are an essential part of the programme. Together with our African partners, we are also building the continent’s first vaccine production facilities in Rwanda and Senegal, for example. And other facilities will be built in Ghana, South Africa and elsewhere on the continent. Vaccines made in Africa, for Africa, with world-class technology. In the summer, we also launched a new EU-Latin America and Caribbean partnership on local manufacturing of vaccines and medicines in this part of the world. This is an opportunity to strengthen public health, stimulate growth and create decent jobs, while fostering innovation in the private sector. Public health must never again be allowed to slip down the agenda of global challenges. Our health is our life. It is all of our lives. And we must treat it with the necessary respect and collective commitment. That is why we are all here today to strive for a fairer and healthier world. Thank you for your attention and I wish you well in your endeavours. |
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● Council of the EU | | 18/10/2022 17:41 | MEETING | | | | Ministers focused on preparations for the October European Council, follow-up to the Conference on the Future of Europe, rule of law in Poland and EU electoral law. |
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Council of the EU
General Affairs Council, 18 October 2022
Main results
October European Council
The Council exchanged views on the draft conclusions of the European Council meeting on 20-21 October.
Following their informal discussions in Prague on 7 October, EU leaders will meet in Brussels to discuss a number of pressing issues.
They will address the latest developments in relation to Russia’s war of aggression against Ukraine and continued EU support for Ukraine.
EU leaders will also assess the state of energy prices and security of supply, including market optimisation measures and progress on demand reduction.
In light of the current energy crisis, the European Council will address the economic situation.
Leaders will also hold a strategic discussion on China and prepare a number of international events.
European Council, 20-21 October 2022Conference on the Future of Europe
Ministers discussed the follow-up to the Conference on the Future of Europe.
Work is underway in the Council to ensure effective follow-up to the Conference outcome, notably on the basis of a comprehensive preliminary technical assessment of the 49 Conference proposals and their 326 related measures. Ministers last took stock of the follow-up at their meeting in September.
In addition, the Council has received proposals for two specific Treaty amendments under Article 48(2) TEU from the European Parliament. Ministers discussed the timing for submitting them to the European Council and for notifying national parliaments.
Taking into account that the EP has asked its Committee on Constitutional Affairs to prepare proposals for further Treaty amendments to implement the results of the Conference, during the debate ministers broadly agreed that, in order to ensure procedural efficiency and avoid duplication of processes, it would be appropriate to wait until the Parliament has concluded this work before transmitting the two specific proposals already received.
In this context, many ministers noted that the vast majority of the Conference proposals can be implemented under the current Treaty framework and took the view that these proposals should be given priority at this stage.
In addition, some ministers felt that, in the context of the urgent challenges resulting from Russia's war in Ukraine, it was important to focus all energy on delivering solutions to the practical problems facing European citizens. Others considered that more time was needed for a comprehensive assessment before engaging in the process of Treaty change.
The Council is fully committed to ensure the best possible follow-up to the Conference proposals. The vast majority of them – up to 95% – can be implemented using the full potential of the current Treaties. It is important to focus on this work, to give citizens' wishes a positive and concrete follow-up within a relatively short time frame.Mikuláš Bek, Minister of European Affairs of the Czech Republic
Ministers also discussed the organisation of the Conference feedback event, which will be an important occasion to inform citizens about the follow-up that three institutions are giving to the Conference outcome.
Conference on the Future of Europe (background information and timeline)Preliminary technical assessment of the proposals (10 June 2022)European Council conclusions, 23-24 June 2022Rule of law in Poland
As part of the Article 7(1) TEU procedure, ministers were updated on the situation regarding the rule of law in Poland.
The procedure concerning Poland was launched in 2017 when the Commission issued its reasoned opinion on the rule of law in Poland. It covers a range of issues related to the independence of the Polish judiciary.
The latest hearing with Poland under Article 7(1) TEU was held in February.
The Commission informed ministers about developments since the hearing, including as regards the reform of the disciplinary regime applicable to Polish judges undertaken by the Polish authorities. Poland had an opportunity to present its remarks.
Reasoned proposal regarding the rule of law in Poland2022 Rule of Law Report - Country Chapter - PolandElectoral law
The Council held a policy debate on the European Parliament's proposal for revising the EU rules governing the EP elections to provide political guidance for further work on this file.
Expressing different views, ministers commented both on the proposed changes that they would wish to see reflected in EU electoral law and on the changes that they considered more challenging.
Several ministers noted their general support for efforts to increase voter turnout in the European Parliament elections and to enhance their democratic legitimacy.
The main political and legal challenges identified by member states relate to the proposals for an EU-wide constituency based on transnational lists and a lead candidate process for choosing the Commission President. Member states also expressed reservations regarding different suggestions to harmonise the electoral processes across the EU, stressing the need for flexibilities that would respect longstanding voting traditions.
Some member states pointed to the changes to the EU electoral law agreed in 2018, expressing the hope that they could enter into force soon.
Background note for the debateProposal for a Council regulation on the election of the Members of the European Parliament by direct universal suffrageEnforcement of EU law
Under 'Any other business', the Commission informed ministers about its Communication on 'Enforcing EU law for a Europe that delivers', published on 13 October 2022.
The Communication sets out how the Commission has developed its work on enforcement, from prevention to sanctions, to ensure that people and businesses can benefit from the commonly agreed rules throughout the EU.
Commission communication on the enforcement of EU lawThe Council also adopted without discussion the items on the list of non-legislative A items.
Meeting information
Meeting n°3902
Luxembourg
18 October 2022
10:00
Preparatory documents
Provisional agendaBackground briefList of A items, non-legislative activitiesOutcome documents
List of participantsVideo footage
● Council of the EU | | 17/10/2022 21:45 | MEETING | | | | The Foreign Affairs Council exchanged views on the Russian aggression against Ukraine and EU-China relations. The Council was also informed about current affairs. |
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Council of the EU
Foreign Affairs Council, 17 October 2022
Main results
The Council took a number of important decisions, underpinning the EU’s resolve in supporting Ukraine against Russia’s aggression, advancing peace and stability in the South Caucasus and standing in for human rights in Iran.
Russian aggression against Ukraine
The Foreign Affairs Council exchanged views on the Russian aggression against Ukraine.
Before the Council discussion, the Foreign Minister of Ukraine, Dmytro Kuleba, shortly addressed EU ministers via video conference, and briefed them about the latest developments on the ground and Ukraine's current priorities.
Putin is losing politically and morally. In spite of that he continues the escalation, including [through] indiscriminate attacks on civilian targets across Ukraine, as we have seen this morning. We also took note of the vote [at the United Nations General Assembly (UNGA) last week. This vote confirmed the international isolation of Russia. But we cannot take it for granted and we need to stay on the course of our triple strategy: supporting Ukraine, pressuring Russia and addressing the wider fall out of the war, because this war is affecting the whole world.Josep Borrell, High Representative for Foreign Affairs and Security Policy
Ministers were updated about the military escalation and the ongoing strikes in Kyiv, and took important decisions. They agreed to establish an EU Military Assistance Mission to support the Ukrainian Armed Forces. The mission will train around 15,000 troops on EU soil. They also agreed to allocate further €500 million under the European Peace Facility to finance deliveries for the Ukrainian defence forces, thereby bringing EU’s military assistance for Ukraine to a total of €3.1 billion.
The Council was also informed about the new discoveries of mass atrocities and reports about systematic kidnapping of children from Ukraine by Russian forces, and stressed that the fight against impunity must be strengthened.
Ukraine: EU sets up a military assistance mission to further support the Ukrainian Armed ForcesUkraine: Council agrees on further support under the European Peace FacilityEU-China relations
The Council reconfirmed the validity of the EU's multifaceted approach on China – a partner with whom the EU must engage, a tough competitor, and a systemic rival.
There is full support among EU member states to continue engaging on issues of interest to the EU - for instance climate change - avoiding to turn dependencies into vulnerabilities.
Ministers stressed that the EU needs to strengthen its internal resilience, and work with international partners.
Current affairs
EU ministers had an exchange of views on Iran and adopted restrictive measures against 11 individuals and 4 entities, targeting those linked to the death of Mahsa Amini and to the violent repression of the peaceful protests.
We are appalled by the still unexplained killing of Mahsa Amini, and by the brutal crackdown of security forces against protesters who continue to die or be detained in the hands of the security forces. All ministers expressed their strong concern about these facts. […] I want to use this opportunity to call on the Iranian government to immediately end this violence , to release those detained, and to allow normal internet services and flow of information.Josep Borrell, High Representative for Foreign Affairs and Security Policy
Ministers also considered the reported use by Russia in the war in Ukraine of drones allegedly supplied by Iran.
Iran: EU sanctions perpetrators of serious human rights violationsMinisters touched on the elections that took place in in Bosnia and Herzegovina on 2 October. Overall, the elections were competitive and well organised, according to the OSCE/ODIHR reports, but were marked by mistrust in public institutions and ethnically divisive rhetoric. The final results are still to be certified due to allegations of widespread electoral fraud.
To keep the country on the EU path, the Commission recommended last week to grant candidate status to Bosnia and Herzegovina on the understanding that a number of steps are to be taken by government and legislative authorities at all levels, focusing on delivering reforms, as a matter of absolute priority.
The Council also discussed Lebanon, confirming that it remains extremely concerned about the socioeconomic situation in the country and the inability of its political forces to proceed with much needed reforms. Ministers called on Lebanese authorities to elect a new President before the end of the month, and welcomed the agreement between Lebanon and Israel on the delineation of their maritime border.
Concerning Ethiopia, ministers stressed that the situation on the ground has never been that bad, both on military and humanitarian fronts, and that only a political solution to the conflict is sustainable.
Ethiopia: Declaration of the High Representative on behalf of the EU on the intense fighting in the northern part of the countryOther Council decisions
The Council decided to deploy up to 40 EU monitoring experts along the Armenian side of the international border with Azerbaijan with the objective of monitoring, analysing and reporting on the situation in the region.
Armenia-Azerbaijan: EU sets up monitoring capacity along the international bordersThe Council adopted a decision prolonging the restrictive measures against ISIL/Da’esh and Al-Qaeda and persons, groups, undertakings and entities associated with them for a further year, until 31 October 2023.
ISIL/Da’esh and Al-Qaeda: EU restrictive measures prolonged for an additional yearThe Council approved conclusions on the Trade and Sustainability Review.
Council Conclusions on the Trade and Sustainability ReviewMeeting information
Meeting n°3901
Luxembourg
17 October 2022
09:30
Preparatory documents
Provisional agendaList of A items, non-legislative activitiesBackground briefOutcome documents
List of participants
● Council of the EU | | 17/10/2022 20:23 | MEETING | | | | Meeting in Luxembourg on 17 October, EU Agriculture Ministers reached a political agreement on 2023 catch limits in the Baltic Sea. Ministers also discussed the current situation of agricultural markets in light of the Russian war against Ukraine, and provided guidance to the Commission on trade-related agricultural issues. Ministers additionally provided guidance on the EU’s position ahead of the annual meeting of the International Commission for the Conservation of Atlantic Tunas (ICCAT).
Council of the EU Agriculture and Fisheries Council, 17-18 October 2022
Main results
Infographic - Setting catch limits and quotasSee full infographic Fisheries Fishing Opportunities for 2023
Agriculture and Fisheries ministers reached a political agreement on fishing opportunities in the Baltic Sea for 2023. This agreement sets the total allowable catches (TACs) and quota per member state for each species in the Baltic Sea for the coming year.
I am glad we managed to find a good compromise for fishermen and women. The situation of Baltic Sea fish stocks is not easy, but today’s agreement will help continuation of fishing in the area after 1 January 2023 without any disruption. But more importantly, it will contribute to the protection of stocks for the next seasons and hopefully generations.Zdeněk Nekula, Czech minister of agriculture
The agreement is based on the latest scientific advice and the objectives of the Common Fisheries Policy (CFP) to ensure the long-term sustainability of the fish stocks in the region. It further respects the provisions of the multiannual plan for stocks and the socio-economic impact in the fisheries sector.
The political agreement includes:Due to the poor status of stocks, ministers agreed on a -28% decrease in the TAC for herring in the Gulf of Bothnia and -4% for herring in the Gulf of Riga. Similarly, TAC for sprat stocks will also be decreased -11%. Given the lack of improvement with regards to cod stocks, the Council agreed to continue the practise of setting TACs only for bycatches. This will also be the case for Western Baltic herring and for main basin salmon. Due to the healthy status of stocks, ministers agreed to increase fishing opportunities by 32% and 25% respectively for Central Baltic herring and plaice.Baltic Sea: Council agrees catch limits for 2023 (press release, 17 October 2022) Management of the EU’s fish stocks (background information) ICCAT 2022
Ministers provided guidance to the Commission to prepare the EU’s position ahead of this year’s annual meeting of the International Commission for the Conservation of Atlantic Tunas (ICCAT), which will be held on 14-21 November. The agenda of this year’s annual meeting includes a number of important issues including bluefin tuna management evaluation strategy, control measures on Eastern bluefin tuna and setting fishing opportunities for tropical tunas, Mediterranean albacore and South Atlantic swordfish. The Council will continue its work at technical level with the aim of approving the EU’s position ahead of the meeting.
Infographic - How the Russian invasion of Ukraine has further aggravated the global food crisisSee full infographic Agriculture Market situation in the context of the Russian invasion of Ukraine
The Russian invasion of Ukraine significantly disturbed global agricultural markets. The subsequent uncertainty was further deepened by the energy crisis driven by the disruption of gas supplies from Russia. The prices of key agricultural products and inputs increased significantly. Despite the partial unblocking of Ukrainian ports, positive outcomes of solidarity lanes and a consequent relative decline in general cereal prices over the summer, agriculture ministers voiced their concern about the high degree of unpredictability regarding the volumes of possible future agricultural exports from Ukraine, as well as storage capabilities.
Ministers furthermore stressed that EU farmers continue to face many challenges, including the rising prices on energy and fertilisers, adverse weather conditions, food price inflation and the impact of imports from Ukraine on their markets.
Ministers especially highlighted the significant issue of affordable fertilisers provisions in the agricultural sector, which is affecting both farmers and fertilisers producers, and is leading to a decline in productivity.
The Russian aggression in Ukraine led to decrease of supply in fertilisers causing prices driving up. This affects all European farmers and could possibly jeopardise future harvest, not only in Europe. That's why we agreed further measures are necessary to ensure that fertilisers as well as final agricultural and food products remain affordable.Zdeněk Nekula, Czech minister of agriculture
As a result, ministers called for further EU measures, including the extension of state aid and the need for a higher ceiling. Ministers additionally welcomed the Commission’s announcement that it would publish a communication on fertilisers.Food security and affordability (background information) Trade-related agricultural issues
In light of the Russian war against Ukraine, agriculture ministers had an exchange of views on the impact of the war on the EU’s trade in agricultural products and inputs, and its impact on food security. Agriculture ministers moreover exchanged views with regards to ongoing trade negotiations with third countries, including Mercosur and Australia. In this respect, ministers emphasized the need to continue to promote free trade and sustainable agriculture in the EU and globally, as well as to safeguard the competitiveness of the EU’s agricultural sector and its producers. Ministers moreover stressed the need for the Commission to investigate the impact of free trade agreements between third countries on the EU. Other business
Ministers discussed the importance of close cooperation between member states when preparing the EU framework for forest monitoring and strategic plans. They were additionally informed about the joint declaration on EU carbon farming initiatives signed by the ministers of agriculture of the Visegrad Group countries, as well as Bulgaria, Croatia, Romania and Slovenia. Ministers furthermore argued for the need for an EU-wide end to the systematic killing of male chicks, as well as the importance of tackling co-financing constraints of phytosanitary and veterinary programmes. They also discussed the possibility of using RENURE (recovered nitrogen from manure) products, as an alternative to chemical fertilizers, as well as the issue of organic protein feed from Ukraine. A-items
- ICT supply chains security
Member states approved Council conclusions contributing to enhanced security of the EU’s ICT assets in response to the current geopolitical circumstances, the damaging nature of supply chain cyber-attacks and the ever-increasing dependence of our society on digital technologies. The text aims at strengthening ICT supply chain security and constitutes a first step to address threats of unwanted strategic dependencies in ICT supply chains.The Council agrees to strengthen the security of ICT supply chains (press release, 17 October 2022)
- Women on boards directive
The Council approved rules to promote a more balanced gender representation on the boards of listed companies. By 2026, at least 40% of non-executive director positions of listed companies should be held by members of the under-represented sex. The target would be 33% if member states choose to apply the new rules to both executive and non-executive directors.Council approves EU law to improve gender balance on company boards (press release, 17 October 2022)
Other A items
The Council also adopted without discussion the items on the lists of non-legislative A items.
Meeting information
Meeting n°3900 Luxembourg 17 October 2022 10:00 Preparatory documentsProvisional agenda Provisional list of A items List of A items, non-legislative activities List of A items, legislative deliberations Background brief Outcome documentsMeeting voting results
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