EU could buy emergency gas supplies from Russia - report

EU could buy emergency gas supplies from Russia - report

The EU could buy emergency gas supplies from Russia in a bid to drive down rocketing energy prices, The Daily Telegraph reported citing its own sources.

The common purchase of gas reserves would be similar to the bloc's joint procurement strategy for buying coronavirus vaccines.  

The European Commission negotiated for jabs on behalf of EU member states, which were thought to get a better price by negotiating as a bloc of 450 million consumers than they could individually.

EU sources said the idea the EU could buy emergency gas reserves from Russia was among several being looked at.

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