The European Commission proposes to set a price ceiling for Russian gas

The European Commission intends to discuss with the European Union the idea of ​​setting a price ceiling for Russian gas on Friday, September 9, as part of a set of new measures to control the situation on the electricity market.

This was announced by the President of the European Commission Ursula von der Leyen at a press conference today, Wednesday, September 7, where she indicated the commission’s intention to discuss new measures that it wants to propose to normalize the situation in the electric power industry. market, including setting a ceiling on the price of gas imports from Russia, reducing the mandatory consumption of electricity during the peak period, and reported that the Commission is in the process of proposing 5 different measures.

“We will propose a cap on the price of Russian gas,” she said of one of them. high electricity prices in the market, where von der Leyen noted that the EU Commission intends to redirect these “windfall revenues” to member states so that they can support vulnerable consumers and businesses with these funds.

She said: “Oil and gas companies have also made huge profits, so we propose to make a contribution of solidarity with companies operating in the fossil fuel sector.”

The European Commission is also proposing measures to support the liquidity of energy supply companies so they can cope with market volatility, adding: “These are five measures that we will discuss with the Energy Council member states next Friday” when the Extraordinary Meeting of EU Energy Ministers takes place.

Dmitry Medvedev, deputy head of Russia’s Security Council, has warned that his country will completely refrain from supplying Russian gas to Europe if the EU imposes a price ceiling on gas from Russia.

Source: RIA Novosti

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