The European Union (EU) has refused to impose a ceiling on the price of gas from Russia, but wants to impose a tax on the excess profits of oil and gas companies. On Tuesday, September 13, reports The Guardian with reference to the draft document of the European Commission (EC).
As the newspaper notes, the reason for the abandonment of plans to introduce a ceiling on blue fuel bought from Moscow is the reluctance of many European countries to take such a measure.
“The draft resolution on the ’emergency power tool’ does not contain restrictions on the prices of Russian gas or imported gas after member states failed to agree on restrictions last week,” the article says.
In particular, they were opposed by Hungary, Slovakia and Austria, which import large volumes of gas from Russia. The Netherlands and Denmark were “cautious” about the introduction of the price cap, while Germany expressed fears that capping Russian gas prices “would cause controversy.”
The Guardian adds that EU countries are also being asked to agree on a common measure to reduce electricity consumption during peak hours. At what level it can be installed, has not yet been specified. The final plan to combat rising electricity prices on September 14 should be presented by the head of the European Commission, Ursula von der Leyen.
“The final text may still change,” the publication clarifies.
Earlier, on September 9, European Commissioner for Energy Kadri Simson said that the energy ministers of the EU countries could not agree on a price ceiling for Russian pipeline gas. According to her, before the final package of proposals of the European Commission is ready, there is hard work ahead.
To introduce a ceiling on prices exclusively for Russian gas, it is necessary to obtain approval from all 27 member countries of the association, while a qualified majority is enough to adopt a general limit.
On September 7, Russian President Vladimir Putin announced during the plenary session of the Eastern Economic Forum that in the event of the introduction of price restrictions on energy resources from the Russian Federation, the West would face a complete halt in supplies from the country. He noted that the EU is not in a position to dictate its terms.
The decision to reduce the supply of Russian energy carriers was made in response to the ongoing special operation of the Russian Federation to protect Donbass. However, such measures have already affected the economies of many Western countries.