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Added on the 23/09/2022 17:20:25 - Copyright : Euronews EN
Energy ministers of the European Union's member states hold a roundtable meeting in Brussels to put the finishing touches on a proposed wholesale cap on the price of gas. IMAGES
European Union energy ministers meet in Brussels to debate measures to mitigate the energy crunch in Europe but are divided over a gas price cap proposal slammed by many as a "joke". The proposal, that would set a cap on gas prices at 275 euros per megawatt hour, was unveiled only 2 days ago. IMAGES
President of the European Commission Ursula von der Leyen says Russia is losing "around 160 million euros a day" from oil price cap. SOUNDBITE
European Central Bank President Christine Lagarde warns that the eurozone could fall into recession next year in the case of a total shutdown of Russian gas supplies. The "downside scenario" for 2023 foresees negative growth in the case of a "total shutdown of all Russian gas supply" and energy rationing in the eurozone, she said, after the ECB unleashed a record rate hike. SOUNDBITE
President of the European Commission Ursula von der Leyen warns that "Russia is blackmailing" EU member states and "using energy as a weapon." Russian President Vladimir Putin has played hot and cold in recent days with his threats to cut off gas deliveries to the bloc of 27 members, but Brussels is asking EU countries to prepare for the worst. SOUNDBITE
The European Commission urges EU countries to reduce their demand for natural gas by 15 percent over the coming winter months to overcome Russia's energy supply "blackmail". SOUNDBITE
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