EU Scraps Price Cap On Russian Natural Gas

The European Commission is walking away from the idea of proposing a price cap on Russian gas as part of measures to tackle the energy crisis, the Guardian reported on Tuesday, citing a leaked draft document of proposals it had seen.   The draft document, expected to be unveiled on Wednesday, contains no reference to any price cap on gas, be it Russian or not, according to the leak viewed by the Guardian.   Last week, the European Commission said it would propose a mandatory target for the EU to cut power consumption at peak…