Sweden Unveils $664 Million Aid for Soaring Energy Bills and Blames Russia

  • 1.8 million households to get subsidies for winter months
  • Minister wants to protect consumers from Russian actions
LNG Tankers Heading to Europe Easing Prices
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The Swedish government set aside 6 billion kronor ($664 million) to lessen the impact of soaring power bills on households, saying Russia’s approach to supplying gas to Europe this winter was a major factor in stoking costs last month.

“Our Swedish consumers should not have suffer to this degree due to, among other things, Russia’s behavior on the European energy market,” Energy Minister Khashayar Farmanbar said at a media briefing in Stockholm on Wednesday. “It is an exceptional situation.”