China News Service, October 18. According to Bloomberg News, in the context of the energy crisis and rising prices, the European Union plans to allocate 40 billion euros (about 283.525 billion yuan) from its funds to support residents and businesses in European countries. .
According to a draft proposal seen by Bloomberg, the European Commission will advise European governments to use funds from an existing "solidarity fund" to support small and medium-sized businesses affected by rising prices, including for gas and electricity, as well as to help pay during the energy crisis Vulnerable household bills.
The final amount available to each member state will depend on the remaining balance of the Solidarity Fund that has not yet been allocated.
It is expected that the plan will be part of a new package of energy measures to be introduced by the European Commission on the 18th to address the current rising energy prices in Europe.
EU leaders will discuss it at a summit in Brussels on the 20th and 21st.
EU member states have reportedly allocated more than 500 billion euros to cushion the impact of rising energy prices on consumers and businesses.
In addition, the European Commission and governments are discussing new solutions to the energy crisis, and they have yet to agree on how to finance the new spending.