Skip to Content

EU nations struggle to find joint approach on energy prices

KVIA

By RAF CASERT
Associated Press

BRUSSELS (AP) — European Union nations are struggling to find full consensus on ways to shield the population from increasing energy prices that threaten to plunge millions into cold and poverty over the winter as Russia chokes off natural gas supplies. The energy ministers of the EU’s 27 nations on Friday couldn’t agree on whether and how to impose a price cap on Russian gas. Ever-recalcitrant Hungary refused as it would go against its supply interests. Other countries differed on whether a price cap should apply only to Russia or to other producers, too. Energy ministers did give general recommendations to the EU’s executive branch on options like windfall levies on some energy companies whose profits have risen along with skyrocketing prices.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content