EU leaders tackle energy prices and budget in Brussels

European Union leaders are meeting in Brussels starting Thursday to address high energy prices and the bloc's long-term budget, though no concrete measures are expected immediately. The European Commission is preparing a proposal to lower energy costs, but its timing remains unclear. Leaders are urging Commission President Ursula von der Leyen to present measures soon, with options including joint energy purchases modeled on the 2022 crisis response, reducing fossil fuel dependence, and boosting electrification investment. The Commission has already delayed methane import regulations until 2028 to avoid short-term price increases, as Europe faces a difficult winter amid Middle East tensions. On the budget, leaders aim for agreement by year-end, but divisions persist between cohesion-friendly countries and frugal nations over proposed 8% cuts. Portugal, Spain, and France are jointly defending the interests of outermost regions like Madeira and the Azores. Ukraine support remains on the agenda, with President Zelensky invited to attend Friday's session.