European Summit ends without specific agreements on energy

A European Union (EU) summit, which met for two days in Brussels, ended without concrete agreements on the gas price cap, although progress was made in some aspects.

The President of the Spanish Government, Pedro Sánchez, expressed at a press conference his satisfaction with the progress made by the EU to deal with the rise in energy prices, but called for greater speed in applying the measures promoted at the meeting.

Sánchez pointed out that the energy ministers have the mandate of the 27 to agree in the coming days so that the gas price cap becomes a reality before the end of the year.

After intense discussions on energy, the leaders of the 27 addressed other issues, such as their relationship with China, and aid to Ukraine.

As a result of the discussions, Europe seems to be moving away from the confrontation with China, a country that it considers a competitor, but also a necessary collaborator, according to media outlets.

For his part, the president of the European Council, Charles Michel, pointed out they should commit to obtaining more reciprocity, in particular a rebalancing in economic relations between Beijing and the EU.

German Federal Chancellor Olaf Scholz announced he will make an official visit to China in early November, in what is considered the first trip by a leader of a European Union country to that Asian nation since 2019.

As for Ukraine, it was announced that a monthly economic aid plan for more than 1,500 million euros (about 1,460 million dollars) is being drawn up for next year. The announcement was confirmed by the President of the European Commission, Ursula von der Leyen.