Ukraine talks loom large over EU business summit with Africa

DW
DW
1M ago
European leaders are negotiating a US peace plan for Ukraine that may favor Moscow. Talks are ongoing at a summit in Angola.
Ukraine talks loom large over EU business summit with Africa
A What happened
At a summit in Luanda, Angola, European leaders are addressing a US peace plan for Ukraine that has been criticized for potentially favoring Moscow's demands. German Foreign Minister and US Secretary of State held talks in Switzerland to create a more balanced proposal for Ukraine. EU Council President Antonio Costa has been in contact with Ukrainian President Volodymyr Zelenskyy and is chairing discussions among EU leaders. Concurrently, Ursula von der Leyen is promoting the EU's Global Gateway initiative, aiming to invest €150 billion in Africa by 2027. The EU has already mobilized over €120 billion for projects that align with the African Union's Agenda 2063, emphasizing the importance of EU-Africa cooperation in economic and conflict prevention efforts.

Key insights

  • 1

    US Peace Plan Concerns: European leaders worry the US plan may favor Russia.

  • 2

    Investment in Africa: EU aims to invest €150 billion in Africa by 2027.

  • 3

    EU-Africa Cooperation: EU is Africa's largest trading partner and investor.

Takeaways

The ongoing discussions highlight the EU's commitment to a balanced approach in the Ukraine conflict while also focusing on strengthening ties with Africa through significant investments.

Topics

Business & Markets Economy World & Politics International Affairs Diplomacy

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