EU countries should use cohesion money to curb energy costs, says Fitto

Cohesion policy can provide 'vital support' in responding to the latest geopolitical shocks, Fitto wrote to capitals

EU countries should make “maximum use” of cohesion funds to counter the bloc’s ongoing energy crisis, Raffaele Fitto, the EU’s cohesion commissioner, said on Thursday.

The call comes as capitals have been battling with the economic fallout of the Iran war and the closure of the Strait of Hormuz, which has severely disrupted crucial supply chains for oil and gas.

Fitto urged ministers to “make maximum use of all available cohesion policy funds… for energy-related investments that can deliver quick impact and alleviate… rising energy prices”, according to a letter seen by Euractiv.

Cohesion policy can provide 'vital support' in responding to the latest geopolitical shocks, Fitto wrote to capitals

EU countries should make “maximum use” of cohesion funds to counter the bloc’s ongoing energy crisis, Raffaele Fitto, the EU’s cohesion commissioner, said on Thursday.

The call comes as capitals have been battling with the economic fallout of the Iran war and the closure of the Strait of Hormuz, which has severely disrupted crucial supply chains for oil and gas.

EU countries should use cohesion money to curb energy costs, says Fitto | Euractiv

EU countries should use cohesion money to curb energy costs, says Fitto | Euractiv

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