This strategy aims to better enable Europe to play a leading role in global economic governance, while protecting the EU from unfair and abusive practices. It goes hand in hand with the EU's commitment to a more resilient and open global economy, well-functioning international financial markets and the rules-based multilateral system. The strategy is in line with President von der Leyen's ambition for a geopolitical Commission and follows the Commission's May 2020 Communication “Europe's moment: Repair and Prepare for the Next Generation”. The proposed approach is based on three mutually reinforcing pillars: promoting a stronger international role for the euro; developing EU financial market infrastructures and improving their resilience; and promoting the uniform implementation and enforcement of the EU's own sanctions.