Germany’s cabinet has agreed to introduce a planned levy on gas consumers from October to help suppliers hit by soaring gas import prices caused by Russia’s invasion of Ukraine, the economy ministry said on Thursday. The plan, announced last week, comes as Europe’s biggest economy tries to reduce its dependence on Russian energy. It is facing a collapse in gas supplies and soaring prices, raising fears of energy shortages and insolvencies among gas traders. read more “The temporary levy is a result of the crisis caused by Russia. It is not an easy step to take, but a necessary one to guarantee heating and energy supply in private households and the economy,” said Economy Minister Robert Habeck in a statement. The levy on consumers, to be accompanied by targeted relief, is aimed at helping importers, especially Uniper (UN01.DE) , Germany’s largest recipient of Russian […]