Brussels is examining how to shield consumers from a potential energy crisis as part of plans to protect Europe’s households, businesses and borders from the fallout from a Russian military escalation in Ukraine.
Diplomats have told the Financial Times that the EU is discussing contingency measures to deal with risks from surging gas prices, a possible migratory crisis and cyber security threats if Russia invades Ukraine.
The priority of EU emergency planning is to cope with any reduction in gas flows from Russia, which as Europe’s largest supplier accounts for about 40 per cent of imports.
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