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Al Jazeera
Al Jazeera
Business
John Psaropoulos

Europe hopes to reap political dividends from an expensive winter

Greek Prime Minister Kyriakos Mitsotakis visits the facilities of DESFA liquefied natural gas (LNG) terminal, on the islet of Revithoussa, Greece, April 19, 2022 [Dimitris Papamitsos/Greek Prime Minister's Office/Handout via Reuters]

European leaders have approved an unprecedented combination of energy subsidies and financial measures aimed at making the continent less reliant on Russian coal, oil and gas and, increasingly, it looks as though political will is stiffening to make that independence permanent.

On Friday, European Union heads of government voted to subsidise electricity and gas consumed by households and businesses this winter amid soaring prices.

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