London | Europe’s largest energy traders have called on governments and central banks to provide “emergency” assistance to avert a cash crunch as sharp price moves triggered by the Ukraine crisis strain commodity markets.

In a letter seen by the Financial Times, the European Federation of Energy Traders – a trade body that counts BP, Shell and commodity traders Vitol and Trafigura as members – said the industry needed “time-limited emergency liquidity support to ensure that wholesale gas and power markets continued to function”.

Financial Times