A two-day European Council summit was held in Brussels on October 16-17. European Commission President Ursula von der Leyen participated in the event. The summit's agenda proved to be packed and covered several key issues for the European Union. One of the central questions was discussion of energy prices, which continue to remain a significant problem for the economies of EU member states. Leaders also examined issues related to the European Union's budget, including the distribution of resources and financial priorities of the union for the upcoming period. Summit participants paid special attention to the situation surrounding Ukraine, discussing further steps of support from the European community. The European Commission intends to present details of the decisions made and specific agreements reached following the meeting at a later date. The summit takes place amid conditions where the European Union faces a complex set of challenges — from energy security to the need to coordinate a common budgetary policy among member states. A meeting of this format traditionally brings together heads of state and government of EU countries to develop joint positions on the most pressing issues of European policy.