Brussels: On July 13, the European Union draft plan says that it would encourage member countries to cut gas demand in a bid to prepare for possible further cuts to Russian supply. Brussels is bracing for potential further cuts to Russian gas deliveries, a scenario the International Monetary Fund chief on Wednesday warned could plunge economies into recession. The European Commission plan will suggest countries launch financial incentives for industries to cut gas use, exhaust fuel switching in industry and power plants, and roll out information campaigns to nudge consumers to use less heating and cooling.
