Leaders from around 44 countries are gathering Thursday to launch a "European Political Community" aimed at boosting security and economic prosperity across the continent, with Russia the one major European power not invited. Belgium's Prime Minister Alexander De Croo arrives for a meeting of the European Political Community at Prague Castle in Prague, Czech Republic, Thursday, Oct 6, 2022. The potential for shortages has led to surging gas and electricity prices that could climb higher as demand peaks during the cold months. Russia has reduced or cut off natural gas supplies to 13 EU member nations as European governments bolster their support for Ukraine in the form of weapons, money, aid and sanctions on Moscow. The price cap is one of several measures the 27-nation bloc is preparing to contain an energy crisis in Europe that some fear could lead to rolling blackouts, factory shutdowns and a deep recession over the winter in economies already weakened by the coronavirus pandemic. PRAGUE (AP) - European Union leaders struggled Friday to bridge significant differences over a natural gas price cap as winter approaches and Russia’s war in Ukraine fuels a major energy crisis, driving up prices for consumers and businesses.
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