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On 6 October in Prague, the leaders of 44 European countries gathered in the historic settings of Prague Castle for the first meeting of the European Political Community (EPC). Such an initiative was needed. The war in Ukraine, Russia’s bellicose postures, and the threat of an energy crisis caused by the disruption of Russian energy supplies have helped focus the minds of European leaders. Prague offered an opportunity to discuss and analyse and approximate positions. Important discussions on the margins of the main event, such as the quadripartite meeting with Armenia and Azerbaijan and the Turkey-Armenia leaders meeting, contributed to the process of resolving some of the more intractable problems of the last decades. The work of the European Political Community needs now to be taken forward. In future, the biggest task of the EPC will be to engage Russia. But not yet. For the moment the Community has done what is needed, which is to contribute to build a united front against Russian aggression in Ukraine. It must continue to do so until Russian aggression ends.

After hours of negotiations, with the mediation of European Council president Charles Michel, and French president Emanuel Macron, the leaders of Armenia and Azerbaijan , Nikol Pashinyan and Ilham Aliyev, have taken a historic step towards lasting peace. Both countries have recognised each other's territorial integrity and sovereignty, and committed to tangible steps to establish peace and stability in the region. President Macron tweeted early this morning "Tonight, Armenia and Azerbaijan confirmed their commitment to the Charter of the United Nations and the Alma Ata 1991 Declaration through which both recognize each other's territorial integrity and sovereignty." The four leaders held two long sessions of negotiations on the margins of the summit of the European Political Community which was launched at Prague Castle on Thursday afternoon (6 October). It is also understood that a number of other decisions were taken. It was agreed that the EU will deploy on the Armenian side of the Armenia-Azerbaijan border a civilian monitoring mission, for a period of two months starting from October.

In the historic settings of Prague Castle, leaders from across Europe gathered on Thursday for the first summit of the European Political Community. Apart from the leaders of the 27 EU member states, leaders from non EU member states are also attending, including Albania, Armenia, Azerbaijan. Bosnia and Herzegovina, Georgia, Iceland, Kosovo, Liechtenstein, Moldova, Montenegro, North Macedonia, Norway, Serbia, Switzerland, Turkey, Ukraine and the United Kingdom With the dramatic consequences of Russia’s aggression war, EU leaders agreed during the European Council meeting in June 2022 to launch the European Political Community with the aim of bringing together countries on the European continent. The ambition is to bring leaders together on the European continent and to foster their cooperation on issues of common interest, revolving around peace and security, the economic situation, energy and climate, and migration and mobility. No formal written outcome of the European Political Community is envisaged. After the traditional family photo, the meeting kicked off with a round table discussion on peace and security in Europe. This story will be updated throughout the day.

Leaders from across Europe have gathered at Prague Castle for the launch of the European Political Community. Apart from the leaders of the 27 EU member states, leaders from non EU member states are also attending, including Albania, Armenia, Azerbaijan. Bosnia and Herzegovina, Georgia, Iceland, Kosovo, Liechtenstein, Moldova, Montenegro, North Macedonia, Norway, Serbia, Switzerland, Turkey, Ukraine and the United Kingdom An unusual scene, even before the summit had started was of Armenian Prime Minister Nikol Pashinyan, Azerbaijan President Ilham Aliyev and Turkish President Recip Tayip Erdogan meeting informally before the opening of the summit. This story will be updated throughout the day.

On Tuesday (4 October), the European Union announced that it will integrate financial support to Ukraine into its 2023 budget, making its monetary contributions more structured and predictable, thus easing the economic pressures on war-torn Ukraine. The support payments will tighten the links between the EU and Ukraine, which got one step closer to achieving full EU membership after being granted candidate status earlier this year.  The decision to formalise the financial support was taken after criticism from the United States and others, who have accused the EU of delaying current support payments, and thereby raising doubts on how committed the EU is to Ukraine’s reconstruction after the war’s conclusion.  Out of the €9 billion promised in May this year, only €1 billion has so far been paid out, while the next payment of €5 billion is expected to reach Kyiv before the end of the year. Meanwhile, the United States has contributed over €10 billion in financial support, and over €25 billion in military aid to Ukraine since the beginning of the full-scale Russian invasion in late February. Financially, Ukraine is struggling significantly as a result of the ongoing war with Russia. Reports estimate that monthly foreign aid of approximately €5 billion is required for the Ukrainian economy to stay afloat. Oleg Ustenko, the economic adviser to Ukrainian President Volodymyr Zelensky, predicts that Ukraine’s deficit will shrink in the coming year to approximately €3.5 billion per month, as Ukraine has managed to resume initially disrupted economic activities in its western regions.

Putin’s annexation of parts of Ukraine takes the world to the verge of War, but a stronger and more united global condemnation of Russian aggression can still make Putin step back. Monday Commentary is back. Every Monday, commonspace.eu Managing Editor, Dennis Sammut discusses a hot topic on the European and international agenda. This week he weighs the implications of Russia’s annexation of parts of Ukraine, and the dilemma it poses to the rest of the world. He argues that it takes the world to the verge of a world war involving nuclear-armed states. But this can still be avoided if there is more global unity in condemnation of the Russian aggression.