Germany intends to invest €200 billion in helping families and businesses cope with rising energy prices, especially gas, due to the Russian invasion of Ukraine.
Foreign Minister Olaf Scholz said on Thursday that the government is reviving an economic stabilization fund used during the novel coronavirus pandemic and international economic crisis.
The fund will be used to cap the price consumers will pay for gas, which is used to heat homes, generate electricity and power factories.
Scholz added that the Russian decision to cut off gas supplies to Europe and the recent leaks in two gas pipelines show that Russian energy supplies should not be expected in the near future.
We are well prepared for this situation.” “We have made decisions that authorize us to face this change of situation,” he added.
Source: Observadora
