Beyond yet another acknowledgement that market rules don't seem to work, this is interesting as a gambit by the EU to grab a formal role in negotiations with Russia, by requiring a formal agreement to be negotiated - and who knows what that may cover... In the long run, we're all dead. John Maynard Keynes
But not all that gloomy - after much whining and chest beating I believe EU will come to terms with Russia. This is usual tactics and who but Russians know hypocrisy of EUcrats.