The European Union will support households and companies hardest hit by the upsurge in gas prices, and also vows to diversify energy sources. RussiaUkraineCrisis
“This war in Ukraine is leading to a sharp increase in the price of commodities, particularly gas and food. This calls for a coordinated economic response by European states,” Le Maire told a news conference after chairing talks between EU ministers.
Le Maire, whose country holds the rotating six-month presidency of the 27-nation EU, said the joint strategy was based on European Commission proposals to ease curbs on EU state aid to help deal with the Ukraine emergency. “The strategy is based on three key aspects. First, support for all households affected by the sharp rise in fuel prices. This one we did in France and many other European countries have done the same, or are considering doing this,” said Le Maire.
“That would be a kind of discount on prices at the pump. Many, many people have no choice but to drive to work by car. The support for households we deem necessary,” he said.The second support measure was to help companies hardest hit by the upsurge in gas prices. The help would come as loans guaranteed by the government or grants for companies which consume a lot of energy.
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