European Union Energy Ministers plan for 'difficult winter'
2 years, 3 months ago

European Union Energy Ministers plan for 'difficult winter'

The Hindu  

European Union Energy Ministers met on Friday to seek a united response to the energy shock triggered by Russia's war on Ukraine, which has sent prices for electricity and heating skyrocketing. Moscow's invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty, with all eyes on whether Russian President Vladimir Putin will cut off the energy flow entirely. "Right now, we need extraordinary intervention measures to address high and very volatile prices," the EU's energy commissioner Kadri Simson said, as she arrived for the talks. The commission will also ask member states to agree on a united way to cut back on energy demand, with mandatory cuts on usage still considered an option, diplomats said.

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