The recent Russia-Ukraine war has been a cause for concern for many countries. One of the main ways that this conflict has affected other countries is through gas prices. Russia is one of the world’s largest producers of natural gas, and the ongoing war has caused production to decrease. This, in turn, has caused gas prices to increase. The Russia-Ukraine war is still ongoing, and it is uncertain how long it will continue. However, as long as the conflict continues, we can expect gas prices to remain volatile. This is a major concern for countries that rely heavily on natural gas, and it will likely have a ripple effect on the global economy. Now the EU countries are planning to lower the gas price cap. It is reported to be even lower than what was prosed in Brussels, Belgium. All the EU countries are trying their best to reach a deal by December 13.
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