BRUSSELS – The European Fee will talk about with all of the concerned events choices to ease the vitality market crunch worsened by Russia’s invasion of Ukraine, Italian Prime Minister Mario Draghi mentioned on Friday, together with a proposal to cap fuel costs.
“The European Fee will talk about with stakeholders, the massive oil and electrical energy firms, distribution firms and others,” Draghi informed a information convention after a summit of the EU leaders in Brussels.
“We anticipate to have some proposals by Could”, he mentioned.
He mentioned the leaders agreed that any demand by Russia to obtain cost in roubles for its fuel exports would characterize a breach of contract.
Draghi, who mentioned he didn't anticipate a discount in fuel provides from Russia, final week accredited measures price 4.4 billion euros ($4.83 billion) to assist Italian companies and shoppers to deal with the surging vitality prices.
The bundle comes on prime of some 16 billion euros budgeted since final July to try to soften electrical energy and fuel payments.
“Inside two weeks we will current an in depth diversification plan to the nation,” Draghi mentioned.
Earlier this week, the vitality transition minister mentioned Italy was seeking to set up two floating storage and regasification items (FSRU) to spice up liquefied pure fuel (LNG) imports as a part of plans to chop reliance on Russian fuel.
($1 = 0.9101 euros)
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