London | The European Commission is pushing for caps on wholesale gas prices to tackle a widening energy crisis, as the Kremlin explicitly links the shutdown of the critical Russia-Europe Nord Stream 1 pipeline to the West’s Ukraine-related sanctions.
Moscow said the gas spigot would remain closed until sanctions were eased, sending a jolt through European markets on Monday (Tuesday AEST).
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
