In response to the extremely volatile prices caused by Russia’s weaponisation of energy, on 18 October 2022, the EU Commission proposed a new emergency regulation to address high gas prices in the EU and ensure security of supply this winter. This will be done through joint gas purchasing, price limiting mechanisms on the TTF gas exchange, new measures on transparent infrastructure use, solidarity between Member States, and continuous efforts to reduce gas demand. Aidas Palubinskas chats with the EU Commission’s Director General for Finance Sean Berrigan about the financial markets aspects.