
EU Nations Agree On Gas Price Cap To Shield Consumers
Prashant Trivedi
Description
European Union nations have agreed to cap soaring wholesale gas prices to protect consumers across the bloc. <br />It follows weeks of wrangling in which Germany and others sought safeguards to ensure the cap would be suspended if it had negative consequences. <br />Gas prices have spiked as EU countries seek ways to import less Russian gas following its invasion of Ukraine. <br />Jozef Skiela, the Czech minister of industry and trade says the EU had succeeded in finding an important agreement that will shield citizens from skyrocketing energy prices. <br />Kremlin spokesman Dimitri Peskov called the cap "unacceptable" and said it was an attack on market pricing.
Episodes
EU Nations Agree On Gas Price Cap To Shield Consumers
Prashant Trivedi