Brussels will temporarily cap prices

The topic moves Europe again and again. Last September 30, the EU27 agreed on a series of emergency measures to deal with rising energy prices. But they remained divided over a gas price cap. This solution is supported by several States, including France, but met with reluctance from the Community executive or from countries such as Germany. They fear that capping prices will act as a deterrent to European supplies “reliable partners” such as Norway or the United States to supply gas to the European Union for the benefit of other destinations.

However, the President of the European Commission does not give up. This Wednesday, Ursula von der Leyen announced before the European Parliament that the EU should introduce a temporary cap on natural gas prices until a new price index is introduced. The introduction of a cap for gas in general is a temporary solution until we have a new price index in the European Union that will ensure a better functioning of the market, and the Commission has already started working on it »She said.

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

She also said she would specify in a letter to European leaders meeting in Prague on Thursday that the EU should build 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 after annexing 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 organizations targeted by these new sanctions are due to be published in the EU’s Official Journal on Thursday, diplomats said.

European Union (EU) High Representative for Foreign Affairs Josep Borrell had indicated earlier that an agreement should be reached later in the day “in the European Council” while the Twenty-Seven has been debating this eighth sanctions package since last week.

On May 31, the fifth round of sanctions ratified the imposition of an embargo on Russian oil. Specifically, it was about immediately banning more than two-thirds of Russian oil imports and ending them at 90% by the end of the year, with exceptions to be made for Hungary, which strongly opposes this embargo because of its extreme dependence on Russian imports – and others Countries concerned about the economic impact of this decision.

(With AFP)