'Our prosperity was based on China and Russia': EU foreign policy chief says

Josep Borrell, the European Union's foreign policy chief, has highlighted a significant shift in Europe's geopolitical landscape, emphasizing that the continent's previous reliance on China and Russia for prosperity is no longer viable. The Russian invasion of Ukraine has exacerbated Europe's isolation from traditional partners and has forced a reevaluation of its economic and security dependencies. Borrell noted that Europe has historically depended on Russian energy supplies, which are now severely restricted, leading to rising fuel prices and an energy crisis. Additionally, the COVID-19 pandemic has strained relations with China, further complicating Europe's economic recovery. Borrell warned that the EU must take greater responsibility for its security, as its relationship with the U.S. could change with future elections. He expressed concern over the rise of far-right political parties in Europe, which could further destabilize the region. The EU is now tasked with restructuring its economy and energy sources to ensure future stability and security.

- Europe is reassessing its reliance on China and Russia for economic prosperity.

- The Russian invasion of Ukraine has led to a breakdown in relations and an energy crisis in Europe.

- Borrell emphasizes the need for Europe to take more responsibility for its own security.

- The COVID-19 pandemic has complicated Europe's economic ties with China.

- The rise of far-right political parties poses additional challenges to European unity and stability.