Bloc Leaders To Discuss Major Issues Including Energy Price Cap, Fallout from Loss of Stability and Security
(Photo : KENZO TRIBOUILLARD/AFP via Getty Images)
Bloc leaders will meet on October 7 to discuss issues regarding the energy price cap, loss of stability and security, and response to recent developments, including support for Ukraine.

EU leaders are going to talk about relevant issues like the energy price cap and the Russia-Ukraine conflict which some sectors, such as the US, use the bloc for their own ends.

The bloc will meet on October 7 in Prague as the security, energy, and economic concerns are getting out of hand, sinking the Euro-sphere quickly.

One bad development is the intentional sabotage of the Nord Stream gas pipeline, which has doomed the bloc's energy future.

Conference of EU Leaders

In his letter of invitation to European leaders written on Sunday, European Council President Charles Michel started calling for a resolute EU reaction to recent trends, such as Russia proclaiming the territorial expansion of four regions of Ukraine the other week, reported Euractiv.

He added that they would bring up how to build firm economic, military, political, and financial support for Ukraine at the meeting. However, the backdrop is that many in the EU, except leaders in Brussels, do not care about Kyiv.

According to Michel, the unofficial EU summit in Prague would also generate instructions regarding the next steps the bloc leaders must take to deal with rapidly rising power prices with an energy price cap.

They added that their main goal is to ensure the availability of reliable resources and access for households and businesses, especially as the winter cold gets closer, but a loss of stability and security is a bad impact.

On Friday, EU energy ministers adopted a new set of policies to reduce high energy prices, such as windfall profit taxes on energy companies, per AP News.

This includes the European Commission's active role in power and profit price ceilings, which is already drawing criticism.

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EU Leadership Talks on Protection Measures

Disagreements are squeezing the EU members about what to do next regarding the price ceiling for energy have supporters and detractors. But German is opposed, giving the council a real headache.

But member states remain divided over what to do next, with many calling for an EU-wide cap on gas prices, but others, including Europe's economic powerhouse Germany, opposed; citing Politico.

EU leaders will, however, start debating on Friday how to defend their vital infrastructure after European countries have stepped-up protection measures to safeguard energy security in the North Sea and on the coast of Italy as the investigation into inexplicable punctures in the Nord Stream pipeline projects in the Baltic Sea proceeds.

Fear of another attack on vital gas lines has activated their military to secure the pipeline, which could be attacked like the Nord Stream 1 and 2.

Norway stated on Saturday that allies will indeed aid in policing its offshore gas and oil platforms regarding the explosions.

In the meantime, the European Commission declared last week that it would perform a "stress test" on the safety of critical European facilities. However, it was uncertain what this might involve.

Although not formally on the agenda, the unofficial summit could see another discourse on the next bundle of EU-Russian sanctions.

New import punitive measures may increase the pressure on Russian industry, impacting steel and steel goods and paper and wood. Still, Russian hawks may be displeased as a number of their proposals didn't make it to the document.

Bloc leaders are meeting on a divisive energy price cap worsened by the loss of stability and security; their members are on the verge due to wayward sanctions of the US.

Related Article: Russia Airs Grievances Against UN Security Council's Accusations That Kremlin Sabotaged Nord Stream Pipeline