EU leaders tackle energy prices, €1.6 trillion budget, and Ukraine support

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EU leaders meet in Brussels on Thursday for a two-day summit focused on the energy crisis, the EU's €1.6 trillion budget for 2028-2034, and support for Ukraine. Discussions will address high energy prices, budget disagreements, and financial and military aid for Kyiv. Leaders are considering measures like windfall profit taxes, VAT cuts, and fiscal flexibility to ease energy costs, though consensus is difficult. A compromise budget proposal cuts €141 billion from the Commission's original plan, facing opposition from both frugal and cohesion-focused member states. On Friday, Ukrainian President Zelensky will attend talks on a €90 billion loan, with 2027 funding unresolved. The summit will also cover migration, Middle East developments, and EU enlargement.


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EU leaders tackle energy prices, €1.6 trillion budget, and Ukraine support | News Minimalist