24 October 2021

EU proposes tax cuts to ease energy crisis, mitigate soaring gas prices

Natural gas prices have soared in Europe in recent weeks, partly driven by a surge in demand as countries emerge from lockdowns. In Moscow, President Vladimir Putin insisted Russia is not withholding gas supplies to Europe, and is standing ready to help. Prices continue to skyrocket, and Putin blames the situation on the EU, and suppliers like the US. The European Commission has revealed its plan for how governments can mitigate the crisis. Options include tax cuts, emergency support for companies and households, and jointly buying fuel. The Commission said in the long term, countries needed to focus on transitioning away from fossil fuels to renewables. Al Jazeera’s Natacha Butler reports from Brussels on the energy crisis facing Europe. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #EnergyCrisis #EuropeEnergyCrisis #AlJazeeraEnglish
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