Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-608-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20110215.30.2-608-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Madam President, with a total stock of EUR 92 billion of foreign investment at the end of 2008, the European Union is by far the largest foreign investor in the Russian Federation.
With regard to the energy sector, it is the EU’s firm intention to ensure that the key principles enshrined in the Energy Charter Treaty will also be part of the ongoing negotiations between the European Union and the Russian Federation on the new treaty. The relevant provisions should include investment protection for the energy sector and, in particular, a strong dispute settlement mechanism.
This approach would be without prejudice to the EU general assessment that the Energy Charter Treaty continues to be a valuable multilateral instrument to govern international energy relations. Its unique feature is that it sets legally binding rules on investment protection transit and that it contains provisions on dispute resolution in the energy sector.
The European Union considers that Russia’s renewed engagement in the Energy Charter process, as expressed in the last EU-Russia Summit, is very important and it will follow a constructive and open approach in that regard. In this context, the EU welcomes the Russian interest in a legally binding energy framework, following its recent proposal for a draft convention on ensuring international energy security. The modernisation of the Energy Charter process would be the appropriate context for multilateral negotiations on this proposal."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples