Brussels will temporarily limit prices

The topic never ceases to stir Europe. On 30 September, the EU27 approved a series of emergency measures to tackle the surge in energy prices. But they remained divided on a gas price ceiling. This solution is advocated by several states including France, but it runs counter to the reluctance of the EU executive, or countries like Germany. They fear that the price limitation will threaten European supplies by deterring them “Reliable partners” such as Norway or the United States to supply the European Union with gas, for the benefit of other destinations.

The president of the European Commission, however, does not admit defeat. On Wednesday, Ursula von der Leyen announced in front of the European Parliament that the EU should put in place a temporary ceiling on natural gas prices until a new price index is introduced. The introduction of a cap on gas in general is a temporary solution until we have a new price index in the European Union that ensures a better functioning of the market and the Commission has already started work on this. she said.

Europeans want to limit the price of gas … without knowing how to do it

He also said he would specify, in a letter to European leaders meeting in Prague on Thursday, that the EU should establish a common energy supply system.

Towards an eighth round of sanctions against Russia

On Wednesday, member states agreed on a new round of sanctions against Russia following the annexation of four Ukrainian regions, the Czech EU presidency announced. The agreement was concluded at the level of the ambassadors of the Twenty-seven. The names and entities targeted by these new sanctions will be published in the EU Official Journal on Thursday, diplomats said.

The High Representative of the European Union (EU) for Foreign Affairs, Josep Borrell, had indicated shortly before that an agreement should be reached within the day “within the European Council” while the Twenty-Seven have been discussing this eighth round of sanctions since last week.

On May 31, the fifth round of sanctions ratified the establishment of a Russian oil embargo. In concrete terms, it was a question of immediately banning more than two-thirds of Russian oil imports and bringing them to 90% by the end of the year, providing for exceptions, for Hungary, firmly opposed to this embargo due to its ultra-dependence on Russian imports – and other countries, concerned about the economic impact of this decision.

(With AFP)