EU’s Borell: Council to reach agreement on proposals on new sanctions against Russia today Europe RussianFederation Ukraine EURUSD
European Union Foreign Policy Chief Josep Borrell said that the Council is expected to reach an agreement on proposals on new sanctions against Russia on Wednesday.European Commission President Ursula von der Leyen came out on the wires, citing that “Russia pipeline gas supplies to EU is at 7.5% from 40%.”Will step up negotiations with trusted energy suppliers.EU has to have joint procurement system for energy.Overall gas price cap would be temporary until new price index is introduced.
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