EU energy ministers agree to set price of natural gas in the bloc at $191 per megawatt hour capping months of wrangling between member states; Russia says deal is 'unacceptable'
Some EU member nations had worried that gas supplies may be diverted to more lucrative markets if the compensation offered is too low for providers.
Under EU rules, a qualified majority requires that 55 percent of member countries, or 17 out of the 27, vote in favour of a proposal. Such a vote also requires that those nations represent at least 65 percent of the bloc’s population. Moscow has reacted to EU's decision, calling the price cap, "unacceptable", according to Russian media.Some member nations had worried that gas supplies may be diverted to more lucrative markets if the compensation offered is too low for providers.
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