They challenged Russia… Step back from the European Union!

Created Date: September 13, 2022 14:25

The European Union, which challenged Putin by announcing that they were planning to impose a ceiling price on Russian gas, took a step back. The EU draft text seen by The Guardian Newspaper did not include an upper limit for either Russian gas or imported gas. The newspaper claimed that the union would continue on its way with unexpected taxes instead of restrictions.

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European Union Ursula von der Leyen, Minister of the (EU) Council, noted last week that Putin is using energy as a weapon by cutting off the gas supply, and Russiaby challenging the “Putin will fail, the EU will prevail” made the statement.

CEILING PRICE FOR RUSSIAN GAS

In the same statement, von der Leyen listed the steps to be taken against the energy crisis in Europe one by one and announced that they were planning to apply a ceiling price to Russian gas.

While steps such as reducing electricity demand within the Union, helping vulnerable consumers and businesses with the income from the energy sector, providing support to electricity producers facing liquidity difficulties due to fluctuations in the markets were on the agenda, a leaked document revealed that these decisions cannot be made easily.

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STEP BACK FROM EU: SURPRISE TAXES ON THE WAY

The British Guardian newspaper saw ’emergency draft’According to the report, the European Union will step back on the price limit for Russian gas and instead continue on its way with unexpected taxes.

According to the news in The Guardian, there is no upper limit for Russian gas or imported gas prices in the leaked document. Rather, the union is expected to impose unexpected taxes on the high profits of fossil fuel companies.

Struggling with rising gas prices even before the war in Ukraine, Europe’s decision will shape how this winter will pass.

UNITY FAILED: HUNGARY, SLOVAKIA AND AUSTRIA AGAINST

Although the text seen by the newspaper is only a draft and is not a final decision, the step taken in the ceiling price application reveals the problem that the union has in getting enough support from the member states.

European countries that import large quantities of gas from Russia, such as Hungary, Slovakia and Austria, oppose limiting Russian gas because they fear that Russia will shut down all gas flow and plunge their countries into recession.

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NETHERLANDS AND DENMARK CAUTION, GERMANY FEAR

While the Netherlands and Denmark are cautious about the price ceiling, Germany fears that the ceiling price to be applied to Russian gas will cause disagreement.

Some countries, including France and Poland, consider all imported gas to be the best way to curb rising prices. ‘ceiling price’ argues that it should be implemented, but the commission does not favor this idea due to the competitive market.

While discussions continue on limits to Russian gas with the 27 member states, member states are also expected to agree on a binding target to reduce electricity use.

THE PLAN MADE RUSSIA

The EU Commission’s attempt to impose a ceiling price limit on Russian gas drew the reaction of Russia. While Russian President Vladimir Putin signaled that if the plan is adopted, energy exports to Europe could be stopped altogether, the Kremlin announced that gas supplies to Europe via Russia’s Nord Stream 1 pipeline will not fully resume unless sanctions against Moscow are lifted. .

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