Energy costs rose sharply in the wake of the Russian invasion of Ukraine, as Moscow dwindled critical gas supplies to Europe. The leap in costs for heating and electricity have weighed on industry with Germany experiencing anaemic growth in the months since the outbreak of the conflict. Germany’s Economy Minister Robert Habeck on Friday presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal immediately sparked criticism. Will the country sustain the proposed price cap ?
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