European Union (EU) countries have agreed to jointly buy and store gas, hydrogen and liquefied natural gas to address the challenge of reducing energy dependence on Russia while protecting Europeans from spiraling energy costs. They stopped short of imposing a ceiling on energy prices, however.
European leaders announced the decision Friday after a historic series of summits Thursday, when they met alongside Nato (North Atlantic Treaty Organization) and the Group of 7 industrialised nations. They were joined by President Joe Biden with the intention of rallying allies against Russia.
