untitled design

Gentiloni: EU summit will not decide on gas price cap on Monday

European leaders, meeting in Brussels on Monday and Tuesday for an EU summit, will not decide on a gas price cap, but could instruct the Commission to look into the matter, he said. Commissioner for Economy.

“If this is agreed between the member states, the Commission will act very quickly to analyze this possibility,” Paolo Gentiloni told reporters, according to Reuters, adding that it would be difficult to predict the timing of a decision. .

Energy prices in the region hit a record high this year following the invasion of Ukraine by Russia – Europe’s leading gas supplier.

EU leaders are set to meet to discuss a sixth package of sanctions against Russia for its invasion of Ukraine.

Source: Capital

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular