Germany announces €65bn package to curb soaring energy costs

German Chancellor Olaf Scholz has announced a €65bn (£56.2bn) package of measures to combat the threat of rising energy costs in the coming months.

The package, much bigger than two previous ones, will include one-off payments to the most vulnerable and tax breaks to energy-intensive businesses.

Countries across Europe are considering similar measures.

Energy prices have soared since Russia invaded Ukraine, and Europe is trying to wean itself off Russian energy.

Two days ago, Russia said it was suspending gas exports to Germany through the Nord Stream 1 pipeline indefinitely.

But the stand-off with Russia has forced countries like Germany to find supplies elsewhere, and its stores have increased from less than half full in June to 84% full today.

The latest measures come as Ukrainian President Volodymyr Zelensky says Russia is trying to destroy the normal life of every European citizen.

Mr Scholz told journalists Germany would get through the winter, adding that Russia was “no…

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