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Reuters
Reuters
Business
Gabriela Baczynska, Kate Abnett and Ingrid Melander

EU plans for life without Russian gas amid inflation spike

FILE PHOTO: A general view a main meeting room ahead of European Union leaders summit in Brussels, Belgium June 23, 2022. REUTERS/Johanna Geron

EU leaders on Friday warned that "cheap energy is gone" and agreed to boost preparations for further cuts in Russian gas, accusing Moscow of "weaponising" energy via a supply squeeze which Germany warned could partly shut its industry.

A day after celebrations over setting Kyiv on the road to membership of the bloc, Friday's summit in Brussels was a sober reflection on the economic impact of Russia's invasion of Ukraine, with growing worries over soaring prices and warnings of a "tough winter".

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