Introducing a cap on gas prices has been one of the more controversial measures for Europe amid an acute energy crisis following Russia's invasion of Ukraine.
in late October, after several months of discussions. But, a handful of nations are demanding concrete safeguards before greenlighting the proposal, while others say the cap is too high.
The same official said the commission needs to present further guarantees on how the measure will not distort markets. Simson said the proposal, known as the Market Correction Mechanism or MCM, has taken this into consideration and "the risks are minimal" for supply.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Systemic war crimes' evident everywhere in Ukraine where Russia deployed, US saysThere is “mounting evidence” that Russian forces have committed “systemic war crimes' in every region 'where Russia’s forces have been deployed' in Ukraine, Beth Van Schaack, U.S. ambassador-at-large for global criminal justice, told reporters on Monday.
Read more »
Russia elites in secret talks to get rid of Putin: Ex-Ukraine official'A lot is being done behind Putin's back, which, of course, he is not informed about,' a former Ukrainian foreign minister said.
Read more »
Live blog: Ukraine accuses Russia of 'weaponising' harsh winterPresident Zelenskyy accuses Russia of trying to use cold this winter as a 'weapon of mass destruction' by striking Ukraine's energy infrastructure — Moscow often denies such allegations — as fighting enters its 273rd day Follow our live coverage:👇
Read more »
In Kherson city, sympathies for Russia complicate reintegration into UkraineMany residents of Kherson held an ambivalence toward the Russians, or even an affinity, and that means undoing eight months of Russian occupation will not be easy.
Read more »
Russia planning false flag attack on ally to drag it into war: UkraineAttempts to pressure Minsk to join Putin's invasion are likely to fail, according to the Institute for the Study of War.
Read more »