Long-term effect of price cap uncertain

Price capping mechanism agreed by the G7 and Australia has come into force, but the EU is still agonising over moves for the gas sector

Crude cap: European Commission President Ursula von der Leyen has led the bloc’s response to Russian aggression.
Crude cap: European Commission President Ursula von der Leyen has led the bloc’s response to Russian aggression.Photo: REUTERS/SCANPIX
Published 7 December 2022, 14:05Updated 7 December 2022, 16:25