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Tuesday, May 24, 2022
HomeEconomyIn Europe, they found a way to protect themselves from rising gas...

In Europe, they found a way to protect themselves from rising gas prices.

The European Commission will set an upper limit on the price of gas in the event of cessation of supply from Russia

The European Commission has found a way to protect itself from rising gasoline prices: in the event that fuel supplies from Russia cease, the authorities will set an upper limit on the cost of gasoline. Welt am Sonntag writes about this with reference to the relevant document available.

In these exceptional circumstances, EU members should be able to regulate consumer prices at the state level during a transition period.

According to Welt am Sonntag, the catalyst for this decision was Russia’s imposition of sanctions on Western energy companies. At the same time, the upper limit of gas prices has not yet been determined.


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