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The Guardian - UK
The Guardian - UK
Business
Patrick Wintour Diplomatic correspondent

Global energy price cap: market manipulation whose time has come?

The Nord Stream 1 pipeline terminal in Lubmin, Germany.
The Nord Stream 1 pipeline terminal in Lubmin, Germany. Mario Draghi thinks a price cap could extend to piped Russian gas. Photograph: John MacDougall/AFP/Getty Images

“United against megalomania” was how one German newspaper succinctly put it.

Sanctions on Russian gold exports, the enlargement of the Nato intervention force to six times its current strength, an air missile defence system for Ukraine, and a broad commitment that the Group of Seven will be with Ukraine for as long as it takes.

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