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Reuters
Reuters
Business
By Kate Abnett

EU to urge countries to curb gas use to buffer against Russian cuts

FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 17, 2022. REUTERS/Yves Herman

The European Union will encourage member countries to cut gas demand by incentivising industries to use less, as it prepares for possible further cuts to Russian supply, according to a draft plan seen by Reuters.

Brussels is bracing for further drops in Russian gas deliveries, a scenario the International Monetary Fund chief on Wednesday warned could plunge economies into recession.

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