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Day: July 27, 2022

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Europe's gas crisis: The case for price caps as a more effective weapon against Russia

"Faced with the risk of Russia using natural gas as a weapon against the EU and cutting off supplies completely before winter, the European Commission has put forward a proposal to reduce consumption in all Member States by 15% between August 2022 and March 2023, compared to the same period in the last five years. While technically convincing, the proposal has a major flaw: it will sow divisions between Member States."

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