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The Wall Street Journal

EU Seeks to Increase $140 Billion Clawing Again Vitality Earnings

BRUSSELS—The European Union outlined a sweeping plan to claw again some $140 billion in income and revenues from firms enriched by soaring energy prices in a bid to stabilize the bloc’s power markets in response to Russia’s punishing assault on the continent’s economic system.

The plan is among the many broadest and most costly defensive maneuvers that Brussels has orchestrated thus far in response to financial ache Russia has inflicted on Europe within the standoff. Western powers have levied an array of sanctions towards Russia to punish and deter Moscow amid its invasion of Ukraine.

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