ASIATODAY.ID, MOSCOW – The European Union intends to create stockpiles of critical minerals and components for repairing cables in case of emergencies, media reported on Saturday, citing the draft document of the European Commission.
According to the report, Brussels plans to create such stockpiles against the background growing concerns about the EU’s vulnerability to possible attacks.
Within the framework of the document the EU also intends to accelerate its work on creation of permanent magnets on the level of the Union. Moreover, the members of the Union will have to coordinate creation of food, medicines and nuclear fuel supplies, the media reported.
“The EU faces an increasingly complex and deteriorating risk landscape marked by rising geopolitical tensions, including conflict, the mounting impacts of climate change, environmental degradation, and hybrid and cyber threats,” the document read.
The media specified that the document will be published next week.
Quad Countries Announce Launch of Critical Minerals Initiative
The United States, India, Australia and Japan, as members of the Quad partnership, announced the launch of an initiative to strengthen their security in terms of critical minerals supply chains, a joint statement read.
“We are launching today the Quad Critical Minerals Initiative, an ambitious expansion of our partnership to strengthen economic security and collective resilience by collaborating to secure and diversify critical minerals supply chains,” the statement said on Tuesday following a foreign ministers’ meeting in Washington.
In addition, the meeting participants announced key initiatives to strengthen maritime and transnational security, economics, critical technologies, support for humanitarian aid and emergency response in the region. (Sputnik)
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