- Britain will cap consumer energy bills for two years and funnel billions to prop up power companies, its new leader Liz Truss said on Thursday in a bid to tackle an energy crisis that has Europe and Russia squaring off in a deepening economic war.
- European Union energy ministers will meet on Friday to discuss the 27-nation bloc’s response to the crisis, after a mixed initial response to a planned Russian gas price cap that has angered Moscow.
- With Russian deliveries in doubt, Europe has also been on the hunt for alternative sources of gas and delivery routes.
Britain goes big to ease energy shock; EU meets on Friday
