European Comission Calls For Price Cap On Russian Natural Gas

The European Union needs to impose a price cap on Russian pipeline gas, the President of the European Commission Ursula von der Leyen said today. According to the EC head, such a price cap would interfere with President Vladimir Putin’s attempts to manipulate the European energy market, Reuters reported. "I firmly believe that it is now time for a price cap on Russian pipeline gas to Europe," von der Leyen said, adding that, "A gas price cap can be proposed at European level, and there also is a legal foundation at European level to skim…