Veytics Intelligence
2026-10-16 · Politico

EU summit runs out of gas

It’s been a packed agenda at the European Council summit, with little sign of progress on key issues. EU leaders continued to argue over the bloc’s long-term budget, with energy supply and security taking up much of the discussion … including questions over strategic gas reserves and the future of the Emissions Trading System. The war in Ukraine looms large over the summit. Earlier this week, President Trump alarmed European leaders and horrified Ukrainian President Volodymyr Zelenskyy by announcing a deal to release Russian diesel onto the U.S. market, apparently in an attempt to lower fuel costs for American consumers. Host Sarah Wheaton unpacks developments late into the night with colleagues who have been reporting on the summit.

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