Europe needs a price cap on Russian pipeline gas: EU chief
- Economy
- Reuters
- Published Date: 02:03 | 02 September 2022
- Modified Date: 02:07 | 02 September 2022
The time has come to establish a price cap on Russian pipeline gas flowing to Europe, European Commission chief Ursula von der Leyen said on Friday, to fight back against what she said were Russian President Vladimir Putin's attempts to manipulate the European energy market.
"I firmly believe that it is now time for a price cap on Russian pipeline gas to Europe," she told reporters on the sidelines of a meeting of German conservative lawmakers in the town of Murnau.
OTHER ECONOMY NEWS
- White House accuses Russia of using energy as weapon after Nord Stream shutdown
- Russia halts gas deliveries to Germany via Nord Stream pipeline for indefinite period
- Yellen says Russia has economic incentive to sell oil at G7 price cap
- White House: Global price cap on Russian oil will lower revenues for Moscow's war in Ukraine
- Russia ready to export 30 million tons of grain by year's end