EU working on 'emergency intervention' to help ease 'skyrocketing' electricity prices

Ursula von der Leyen said it is no understatement to say that the world has been watching Europe's response to Russia's aggression very closely, as the stakes are clear to everyone.

An "emergency intervention" is now being worked on by the European Union to help ease "skyrocketing" electricity prices.

European Commission President Ursula von der Leyen has said that along with ending EU dependence on Russian fossil fuels, extraordinary measures are now required to overhaul the energy market.