EU Nations Agree On Gas Price Cap To Shield Consumers 
EU Nations Agree On Gas Price Cap To Shield Consumers 

EU Nations Agree On Gas Price Cap To Shield Consumers 

Prashant Trivedi

1 min
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European Union nations have agreed to cap soaring wholesale gas prices to protect consumers across the bloc. <br />It follows weeks of wrangling in which Germany and others sought safeguards to ensure the cap would be suspended if it had negative consequences. <br />Gas prices have spiked as EU countries seek ways to import less Russian gas following its invasion of Ukraine. <br />Jozef Skiela, the Czech minister of industry and trade says the EU had succeeded in finding an important agreement that will shield citizens from skyrocketing energy prices. <br />Kremlin spokesman Dimitri Peskov called the cap "unacceptable" and said it was an attack on market pricing.

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