Malta to shield against rising energy prices amid global tensions - PM
Robert Abela tells European leaders Malta will 'ensure stable supply and adequate connectivity'
The Prime Minister has told an informal gathering of European leaders in Cyprus that Malta will continue implementing measures to safeguard against rising energy prices.
Speaking against a backdrop of discussions on geopolitical and economic challenges stemming from the wards in Iran, the Middle East and Ukraine, Robert Abela said Malta will ensure a “stable supply and adequate connectivity”.
He pointed out that while the European Union must continue strengthening its resilience in the energy sector, it is essential that EU measures remain flexible and reflect the differing realities to member states, particularly island and peripheral countries, to strike a balance between climate ambition, competitiveness and consumer protection.
In Cyprus, which currently holds the Presidency of the Council of the European Union, the summit began with a discussion on Russia’s aggression against Ukraine, including an address by President Volodymyr Zelensky.
Abela reiterated Malta’s solidarity with the Ukrainian people and highlighted the need for member states to continue encouraging diplomatic efforts to end the war.
“The European Union must remain united, maintain pressure on Russia, and provide sustained support to Ukraine in a timely and predictable manner, while continuing to support all international diplomatic efforts to bring this war to an end,” he said.
Leaders also discussed the situation in the Middle East and its impact on European security and the economy, including energy prices and connectivity. In this context, the Prime Minister emphasised that stability in energy prices remains a central priority for the Maltese government, to protect families and businesses from external shocks.
Leaders also reviewed progress in negotiations on the Multiannual Financial Framework (MFF) for the period 2028–2034.
Abela spoke about the importance of Cohesion Policy and the need to consider the specific realities of small and peripheral member states, while stressing that EU funding should continue to support measures that strengthen economic resilience and mitigate the impact of energy prices on citizens and businesses.
He also addressed access to funding linked to competitiveness, stressing that conditions attached to such funds should allow for broad participation so that all member states can benefit.
The meeting took place at a crucial moment for the European Union’s agenda, with leaders coordinating their positions against the backdrop of multiple international challenges, while providing political direction for key strategic decisions affecting the EU’s future.