On September 9, the energy ministers of the EU countries called on the European Commission to introduce a price cap on the gas against the backdrop of rapidly growing energy supply costs borne by consumers and enterprises.

JPMorgan Chase, HSBC, Citigroup and Crédit Agricole have provided in total more than 12 billion dollars of loans for Russian oil and gas companies in the run up to Russia’s full scale military invasion and continued providing financial services for them after Putin started the massacre.

On July 20, Brussels finally took systemic measures to reduce gas demand in Europe.

The European Parliament backed a somewhat controversial decision to allow natural gas-fired power plants to market as sustainable and environmentally friendly investments in financial markets.