Resources

After reaching an “agreement in principle” on the modernisation of the Energy Charter Treaty (ECT), the European Commission’s plans received a setback with the withdrawal of seven EU member states.

The death knell for this archaic treaty was sounded back in 2009 when Russia announced its departure from the ECT. In the past months Poland, the Netherlands, Spain, France, Germany, Slovenia, and Luxembourg have all announced their decision to withdraw prior to the ministerial meeting at which the “agreement in principle” should have been adopted.