Member states divided on gas price cap

According to an insider, EU countries cannot agree on the introduction of a gas price cap. “On the price caps at this moment there is nothing near like a consensus,” a senior EU diplomat told Reuters. He added that it was also difficult to predict whether member states would be able to agree on a price limit exclusively for Russian gas. The 27 EU energy ministers are meeting today to reach agreement on measures to ease the energy crisis in Europe. Proposals to levy windfall profits are on the table, as is a gas price cap.

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