European Council presses for Ukraine peace talks and tackles global economic challenges

EU heads of state or government urged Russia to engage in negotiations leading to a lasting peace as the European Council met in Brussels on 18 and 19 June. Leaders also focused in particular on global economic challenges, the situation in the Middle East and the EU’s next multiannual financial framework for 2028–2034. Prime Minister Petteri Orpo represented Finland at the meeting.

The European Council called on Russia to agree to an immediate ceasefire and to commit to meaningful negotiations that lead to a comprehensive and lasting peace in Ukraine. The European Council also exchanged views with Ukrainian President Volodymyr Zelenskyy.

“The EU’s Ukraine strategy is delivering results. Ukraine is growing stronger, Russia is weakening. We must stay the course. Europe must be ready for the launch of peace negotiations to end Russia’s war of aggression. The EU must be at the table,” Prime Minister Petteri Orpo said in Brussels.

At Thursday’s working dinner, leaders discussed the impact and consequences of global economic imbalances. The EU agreed to continue reinforcing its economy and competitiveness through previously agreed measures.

Prime Minister Petteri Orpo stressed the importance of strengthening the EU’s strategic competitiveness and self-sufficiency.

“We need a clear roadmap for reducing harmful dependencies,” Prime Minister Orpo said.

European Council advanced discussions on multiannual financial frameworks

The European Council held its first debate on the Union’s multiannual financial framework for 2028–2034 based on the proposal, the so-called negotiating box, presented by Cyprus, which currently holds the Council Presidency. According to Prime Minister Orpo, the aim is to reach agreement on the proposal by the end of the year. He noted that the overall level of funding remains too high.

“The main priorities are the areas that matter for Europe: defence, security and competitiveness. Funding must also reflect Finland’s unique position as a country bordering Russia, as well as support for sparsely populated northern regions,” Prime Minister Orpo said.

In the margins of the meeting, Prime Minister Orpo met Hungary’s new Prime Minister Péter Magyar. The two leaders noted renewed momentum in their long-standing relationship, rooted in linguistic ties.

“Finnish companies are increasingly interested in Hungary. There are major opportunities in green growth and the circular economy, particularly in the energy sector,” Prime Minister Orpo said.

The European Council also addressed the situation in the Middle East, European defence and security, migration, illicit drugs and EU enlargement.

Inquiries: Elisa Tarkiainen, Special Adviser to the Prime Minister (EU Affairs), tel. +358 295 160 363, Minna Kivimäki, State Secretary for EU Affairs, tel. +358 295 160 431 and Marko Ruonala, Chief Communications Specialist, tel. +358 50 522 8233, Prime Minister’s Office