The president of the European Investment Bank (EIB), Werner Hoyer, has offered to strongly support the EU’s efforts in Ukraine and to massively scale up investment into a green and independent EU energy system.

Speaking at a meeting of the bloc’s leaders in Versailles Friday, Hoyer among other things stressed the need to reduce imports of Russian gas while rebuilding inventories for the next winter, integrate energy systems much more strongly and build a collective energy security doctrine.