EU proposes tax cuts to ease energy crisis, mitigate soaring gas prices

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Al Jazeera English published this video item, entitled “EU proposes tax cuts to ease energy crisis, mitigate soaring gas prices” – below is their description.

Natural gas prices have soared in Europe in recent weeks, partly driven by a surge in demand as countries emerge from lockdowns.

In Moscow, President Vladimir Putin insisted Russia is not withholding gas supplies to Europe, and is standing ready to help.

Prices continue to skyrocket, and Putin blames the situation on the EU, and suppliers like the US.

The European Commission has revealed its plan for how governments can mitigate the crisis.

Options include tax cuts, emergency support for companies and households, and jointly buying fuel.

The Commission said in the long term, countries needed to focus on transitioning away from fossil fuels to renewables.

Al Jazeera’s Natacha Butler reports from Brussels on the energy crisis facing Europe.

Al Jazeera English YouTube Channel

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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