EU to Subsidise Household Fuel Prices Surging Amid Ukraine Crisis

EU to Subsidise Household Fuel Prices Surging Amid Ukraine Crisis
Flames from a gas burner on a cooker are seen in this illustration photo taken in a private home in Nice, France on Feb. 1, 2017. Eric Gaillard/Reuters
Reuters
Updated:

BRUSSELS—EU finance ministers agreed on Tuesday to subsidise household fuel prices and offer support to companies hit by surging energy prices as a result of Russia’s invasion of Ukraine, French Finance Minister Bruno le Maire said.

“This war in Ukraine is leading to a sharp increase in the price of commodities, particularly gas and food. This calls for a coordinated economic response by European states,” le Maire told a news conference after chairing talks between EU ministers.