UK snubbed in first stage of €2bn hydrogen plant scheme Treasury prepares to launch online sales tax FTSE 100 falls 0.5pc; US stocks lose ground Andrew Orlowski: Whitehall is woefully unprepared for the next big crisis Sign up here for our daily business briefing newsletter E uropean gas prices have risen sharply after Russia opted not to pump more gas into Europe even after President Vladimir Putin said he was prepared to boost supplies. Gazprom doesn’t plan to send more gas via pipelines through Ukraine next month, according to the results of several auctions this month. Instead it will send only limited supplies through Poland. The latest move shows the Kremlin is maintaining its tight grip on the market, despite President Putin claiming he was "prepared to discuss any additional steps" to boost supplies and calm the turbulent market. UK gas prices jumped almost 12pc to 262p a therm before falling back to more modest gains, while prices on the Dutch exchange – the European benchmark – rose as much as 15pc. It comes after Russia said it’s already pumped gas into its controversial Nord Stream 2 pipeline, which is still awaiting approach from German regulators. The Kremlin has… Read full this story
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