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The Guardian: EU unlikely to cap price of Russian gas.

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A draft regulation on the “electricity emergency tool” seen by the Guardian contains neither a price cap on Russian gas nor a cap on all imported gas. But the EU is still “expected to levy windfall taxes on the high profits of fossil fuel companies, with a separate cap on revenues of low-carbon electricity producers," the Guardian reported. Even though it could still change, the draft reveals the European Commission’s “doubts over gaining enough support from EU member states for its preferred option of putting a cap on Russian gas,” according to the Guardian.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Kyiv Mayor Vitali Klitschko reported explosions and urged residents to take shelter as Russia launched groups of drones at the capital late in the evening of May 2.

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