Thread by @AFP

#BREAKING EU proposes five billion euros in financial aid to Ukraine: von der Leyen

#UPDATE The European Commission has proposed €5 billion in financial aid to Ukraine, in the latest instalment of a promised nine-billion-euro rescue package agreed by EU leaders in May.

📸 Ukraine PM Denys Schmyhal (left) and European Commission chief Ursula Von der Leyen

#BREAKING EU chief proposes cap on price of Russian gas

#BREAKING EU proposes to cap windfall revenues of power companies: von der Leyen

#UPDATE EU chief Ursula von der Leyen proposed Wednesday that member states agree a price cap on Russian gas imports, part of measures to punish Moscow for the invasion of Ukraine

#UPDATE European Commission President Ursula von der Leyen said the EU will propose to cap the huge revenues earned by nuclear and renewable power companies that benefit from exorbitant electricity prices caused by the war in Ukraine

#UPDATE The European Commission proposed a series of measures on Wednesday to control skyrocketing energy prices in Europe and punish Moscow for invading Ukraine, including a #pricecap on Russian gas u.afp.com/wven

#BREAKING Energy shock increasing Europe recession risk: EU economics affairs commissioner

#UPDATE The threat of #recession is rising in Europe, EU economic affairs commissioner Paolo Gentiloni warned on Wednesday, as skyrocketing energy prices caused by Russia's invasion of Ukraine punish the economy u.afp.com/wvnA