Europe Energy Crisis
Europe is grappling with rising energy costs and supply shortages ahead of cold season amid drastic cut in gas supplies from Russia. Russia says sanctions have made technical maintenance of Nord Stream 1 pipeline difficult.
Sweden plans to offer liquidity guarantees to help energy companies avert financial crisis. Germany plans to use windfall tax income to reduce energy prices for end consumers. The UK household incomes is expected to fall 10% in real terms in two years due to energy crisis.
Press TV interviews Robert Oulds executive director of Impact International and John Ross, senior fellow at Chongyang Institute of Renmin University of China, both from London to discuss energy crisis in Europe.
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