insurance package, and this will be our insurance policy against supply disruption. similarly, the leaders also discussed food prices and global also discussed food prices and global food security. and here too the commission will come forward with options to address these important issues. putin s wore has also fundamentally altered europe s security also fundamentally altered europe s security environment. to defend europe, security environment. to defend europe, we will need different forces europe, we will need different forces and different capabilities. significant additional defence investments in europe will be needed, investments in europe will be needed, and i welcome that some leaders needed, and i welcome that some leaders have announced ambitious steps leaders have announced ambitious steps to leaders have announced ambitious steps to increase defence spending, more steps to increase defence spending, more will steps to increase defence spending, more wil
protect our citizens and companies and we need to have european choices, and in the two weeks to come we will do our best so we can stand up to the price shock that comes from the geopolitical context. prices were going up before the war and they continue to increase because of the war. then of course we have sanctions which are coming in and we must prepare ourselves so we are not so sensitive to the dependency on russia. this is what we have scheduled for may for the commission, as the two presidents have pointed out, we have the plan to step out of the dependency on fossil fuels from russia, to step out of the dependency on fossilfuels from russia, so to step out of the dependency on fossil fuels from russia, so we can get out by 2027 so we are no longer dependent on russian gas, oil and coal, that s by 2027. this means there has to be new investment, new facilities, so we can support our choices for renewables and for nuclear energy. you can see march
embark upon climate neutrality and the idea is to move towards greater independence while facing the humanitarian challenges. there are a number of points which we want to deal with. number of points which we want to dealwith. festival, number of points which we want to deal with. festival, the question of prices and the impact for families throughout europe, and also businesses. the question of dependence, which is too great, that is what we are seeing today, particularly our dependence on russia. we are pursuing that ambition, we want to release ourselves from that dependency so that we can act as best we can in line with our own interests, in line with our objectives, and obviously for the next winter, we need to aim for the next winter, we need to aim for a particular plan. all of this is agreed on by the council, together with the commission, which will be following up on our work here. and this is a very consistent agenda that has been initiated.
about ten days ago germany decided to make historic investments in the country and denmark made an historic choice, deciding to ask the people if they wanted to come back to the european security and defence project. you can see that everywhere around the european continent, historic choices are being made and this is a major turning point. we need to have the organisation so we can build this giant ambition in defence and this is what we have asked the commission to do, so when we will no doubt have an extraordinary meeting of the council before the nato summit meeting in june, we will work out a plan that is fruitful for investment to get industry up to the right capacity and capability. and then we have got the question of climate strategy. we
in motion with his application, set a process in motion i with his application, set a process in motion. ijust wanted to remind that from in motion. ijust wanted to remind that from the day of the application to today. that from the day of the application to today. it that from the day of the application to today, it was just a very short time to today, it was just a very short time that to today, it was just a very short time that the council asked the commission to form an opinion on this application. normally this takes this application. normally this takes years. so it shows that there is a completely different process going is a completely different process going on is a completely different process going on. the process in itself is important. going on. the process in itself is important, as the president said. there important, as the president said. there are important, as the president said. there are conditions to be part of the european union that have