EU leaders on Friday asked the European Commission to examine the possibility of screening investments from third countries, particularly from China.
Li Keqiang and Angela Merkel
© AP / Scanpix

Lithuanian diplomats believe that the French initiative may help strengthen the national security of EU countries, but critics warn that it may lead to protectionism and undermine the principles of free trade.

Nerijus Aleksiejunas, an advisor to Lithuanian President Dalia Grybauskaitė, says that, at the EU level, it will be considered screening investments for compliance with national security and the principle of reciprocity.

"Such a need arises from the geopolitical reality in which third-country investments pose a threat to national security," he told BNS by phone from Brussels after the European Council's meeting.

The Lithuanian government has, on more than one occasion, criticized Russia for using its investments in energy and other key sectors as a geopolitical tool. Lithuania has also been cautious lately about potential Chinese investments in its strategic economic sectors.

Lithuania's worries about Beijing's position were further stoked by this week's reports that the Chinese Navy will soon take part in a joint military exercise with Russia in the Baltic Sea.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuania should use InvestEU opportunities, Katainen says

As the European Commission proposes cutting cohesion support to Lithuania by almost a quarter as of...

Lithuanians have better opinion about EU than other countries – EP survey

Lithuanians have a favorable opinion about the European Union and the country's EU membership. But...

Lithuanian president, EU leaders to discuss stalling Brexit in Brussels

Lithuanian President Dalia Grybauskaitė is on Wednesday leaving for Brussels to meet with other EU...

Brussels preparing for talks with Russia on Baltic power systems

The European Commission is getting ready to start consultations with Russia over the switching of...

MEP Antanas Guoga: Before regulating any new technology first, we need to educate about it

Today, 03th of October, European Parliament voted in favour of the motion for a resolution on...