Europe’s effort to reduce Russian influence on gas prices is due to the return of the shock
For years, the European Union has tried to loosen Russia’s iron grip on its gas supplies by promoting a competitive import market. These efforts have rebounded this year with supplies in short supply, and take off Across the Continent’s Energy Crisis.
European energy ministers met on Tuesday to tackle the shortage, which is vexing homeowners and driving up prices for commodities from metals to fertilizers. But there is little they can do to immediately increase supplies, and Russia is not helping.