Live updates: Italy suggests EU price cap on Russian gas
CTV
What's happening in Ukraine on Thursday: Italian Premier Mario Draghi says the EU could consider a price cap on Russian gas as a way to limit Europe's financing of the war in Ukraine without imposing a boycott altogether. But he acknowledged opposition to the proposal.
ROME -- Italian Premier Mario Draghi says the EU could consider a price cap on Russian gas as a way to limit Europe's financing of the war in Ukraine without imposing a boycott altogether. But he acknowledged opposition to the proposal.
Draghi made the comments Thursday after meeting with Dutch Prime Minister Mark Rutte, who has expressed reservations about the proposed price cap mechanism.
Draghi said he had made "a fundamental step" forward in nudging Rutte to not rule out the proposal entirely.
"If we're not able to do a block as has been discussed, the alternative could be imposing a price cap on gas using the power of the market that Europe has as the biggest purchaser of gas," Draghi said.
