EUROPE BURNS CASH TO HELP BUSINESSES
Germany
nationalised gas importer Uniper on Wednesday and Britain said it would halve
energy bills for businesses in response to a deepening energy crisis that has
exposed Europe’s reliance on Russian fuel.
Russian
President Vladimir Putin added to the upward pressure on energy prices by
announcing a partial military mobilisation, in the biggest escalation of the
Ukraine war since Moscow’s Feb. 24 invasion.
European
governments had already earmarked almost 500 billion euros ($496 billion) in
the last year to shield citizens and companies from soaring gas and power
prices, according to research by think-tank Bruegel.
