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Germany is turning more pessimistic on Russian gas this winter

Bloomberg Germany says it can’t rely on gas supplies from Russia this winter as Europe faces a crunch point in its energy crisis, with Nord Stream flows disrupted by maintenance this week and more works expected next month. Germany’s Economy Minister Robert Habeck is becoming increasingly pessimistic about the role of Russia’s Gazprom PJSC in supplying the vital fuel during ...

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France to extend help with energy costs for small firms

  Bloomberg France will extend aid for small and mid-sized companies struggling with surging energy costs until the end of the year, Finance Minister Bruno Le Maire told business leaders. The government will also loosen the conditions for firms to request financial help from the 3 billion-euro ($3 billion) fund, Le Maire said. “At the heart of our policy is ...

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Spain to reduce VAT on gas bills

  Bloomberg The Spanish government will cut value-added tax on natural gas to 5% from 21%, in the latest step to blunt the impact on households and businesses of inflation running at its highest level in nearly four decades. The cut will start in October and last until the end of the year, Sanchez said in an interview with Spanish ...

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