EU to debate price cap on Russian gas

Experts from the European Union (EU) countries will discuss setting a price cap on natural gas imported from Russia on September 7.

The meeting outlines "two possible instruments" to cap wholesale gas prices in case of further disruptions – or even a complete shutdown – of supplies coming from Russia.

The first "would involve a price cap on imported gas from Russia", while the second would see the creation of administrative pricing zones for the most severely affected EU countries, called 'red zones'.