Europe uses subsidies, taxes and policy pauses to offset pain of high fuel prices
European governments are implementing subsidies, tax changes, and policy adjustments to mitigate the economic impact of high fuel prices caused by ongoing conflicts in Ukraine and the Middle East.
BRUSSELS (AP) — Wars in the Middle East and Ukraine are driving governments across Europe to craft subsidies, taxes and policy revisions that might shield their economies, companies and increasingly aggrieved citizens from record gasoline and diesel prices. Countries around the world have intervened to limit the economic impact of diminished energy supplies and soaring...
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