EU working on Russian gas price cap – La Repubblica ...News

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EU working on Russian gas price cap – La Repubblica
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The plan targets pipeline supplies, according to an Italian newspaper EU leaders are developing a plan to limit the price member states pay for Russian gas imports, Italian newspaper La Repubblica reported on Tuesday, noting that the proposal will target pipeline gas and exclude liquefied natural gas (LNG). The idea of capping natural gas prices was proposed by Italy to help reduce inflation in the EU. Italy has pledged to completely replace Russian gas, which accounts for 40% of its imports, within two years. However, other European countries have raised doubts about the effectiveness of such a measure. According

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