European governments’ measures to alleviate the impact of high energy prices on businesses and consumers must have a clear end-date and be focused to avoid the mistakes of the energy crisis of 2022, European Economic Commissioner Valdis Dombrovskis has said according to Reuters.

Speaking at the International Monetary Fund, Dombrovskis said any moves to ease the pain of the high prices caused by the closure of the Strait of Hormuz should avoid boosting demand for fossil fuels.

“One key lesson from the last energy crisis is that measures were often insufficiently targeted and remained in place for too long, making them much more fiscally costly than necessary. This is something we want to avoid now,” Dombrovskis said in a conversation with IMF European Department head Alfred Kammer.