Eurochambres position on the REPowerEU package

Extremely high energy prices and the uncertain supply situation exacerbated by the Russian invasion of Ukraine place an extremely heavy burden on European businesses. Eurochambres understands the considerable EU efforts to phase-out Russian fossil fuels, but highlights that the EU´s high dependence on Russian gas imports poses strong concerns. Eurochambres stresses that this step will necessitate additional efforts from businesses, including unprecedented investments, on top of those already allocated to the green transition. We therefore urge the EU institutions and member states to support the business community in order to avoid drastic economic consequences.