Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

NATO, EU to boost protection for pipelines, key infrastructure

Published 01/11/2023, 06:34 AM
Updated 01/11/2023, 02:03 PM
© Reuters. FILE PHOTO: NATO Secretary General Jens Stoltenberg and EU Commission President Ursula von der Leyen give a statement before a meeting with EU Commissioners in Brussels, Belgium, January 11, 2023.REUTERS/Johanna Geron

BRUSSELS (Reuters) - NATO and the EU are launching a task force to boost protection of critical infrastructure in response to last year's attack on the Nord Stream gas pipelines and Russia's "weaponising of energy," the organisations' leaders said on Wednesday.

European Commission President Ursula von der Leyen said the sabotage of the Russia-to-Germany pipelines in the Baltic Sea last September showed the need "to confront this new type of threat".

"This is a task force where our experts from NATO and the European Union will work hand-in-hand to identify key threats to our critical infrastructure, to look at the strategic vulnerabilities that we do have," she said in Brussels, speaking alongside NATO Secretary-General Jens Stoltenberg.

Western and Russian officials have traded accusations over the Nord Stream blasts, but officials in Sweden and Denmark investigating the attack have not named any possible culprits.

Von der Leyen said the task force would initially come up with proposals on transport, energy, digital and space infrastructure.

Western officials say the Nord Stream attacks and sudden cutoffs of gas from Russia since the start of Moscow's war in Ukraine have highlighted how dependent many EU and NATO members are on key infrastructure and Russian energy.

Stoltenberg, speaking just before meeting von der Leyen's Commission to discuss security, said the task force would be part of increased cooperation between NATO and the EU.

"Resilience and the protection of critical infrastructure are a key part of our joint efforts, as we have seen both with President Putin's weaponising of energy and ... the sabotage of the North Stream pipelines," he said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"We want to look together at how to make our critical infrastructure, technology and supply chains more resilient to potential threats and to take action to mitigate potential vulnerabilities."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.