European leaders convened in Copenhagen for the second day of a summit focused on pressing geopolitical challenges. A key participant was Ukrainian President Volodymyr Zelenskyy, who attended the European Political Community meeting in the Danish capital. The ongoing conflict in Ukraine remained a central topic of discussion throughout the gathering.
The European Commission recently proposed a new credit line for the Ukrainian government, backed by frozen Russian assets held in European banks. This initiative was among several measures examined by leaders already grappling with an increase in drone attacks targeting critical infrastructure, attributed to the Kremlin.
Responding to this escalation, European leaders agreed to bolster drone production as part of a broader strategy to enhance security, including the establishment of a “drone wall” and increased vigilance along the eastern flank. Council President Antonio Costa noted widespread support for the Commission’s proposal, emphasizing its potential to strengthen overall European security.
Specific details regarding the implementation of increased production capabilities and defensive measures against drone attacks are yet to be fully defined. The Commission is expected to present a detailed timeline within two weeks, to be considered at the next summit scheduled in three weeks. Ursula von der Leyen, President of the European Commission, underscored the acute sense of urgency surrounding these issues.
Furthermore, the 27 heads of state and government engaged in discussions regarding a proposed €140 billion support package for Ukraine. The EU is considering utilizing not only the profits generated from frozen Russian assets but potentially accessing the assets themselves to alleviate pressure on European budgets and send a clear message to Moscow. However, Mr. Costa cautioned that numerous complex legal and financial considerations remain to be addressed.