In Germany, they proposed to revise taxes and limit energy prices

A working group in Germany's ruling coalition has asked the government to consider additional measures, such as a tax on excess profits and price caps, to mitigate the effects of soaring prices on Germans amid the conflict in the Middle East. This was reported by Reuters on March 27.

A group of conservative and center-left lawmakers also proposed lowering the cost of electricity for households, cutting energy taxes, and reopening coal-fired power plants across the country.

It is noted that all the measures proposed by the working group are based on a scenario in which the Middle East crisis will drag on, and the Strait of Hormuz will remain restricted for tanker passage for a long period of time.

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Reuters reported on March 25 that the level of gas reserves in Dutch storage facilities fell to 5.8% of maximum capacity, reaching the lowest level in the last decade. This happened against the background of the conflict in the Middle East.

Before that, on March 24, the portal NU.nl He said that in the Netherlands, companies are forced to suspend fishing, which is the main industry of the country, due to a sharp increase in fuel prices.

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