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The 20-7 split is over the gas price cap

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The 27 EU nations on Thursday, November 24 confirmed their variations over a proposal by the European Commission to repair gas costs, which most noticed as ineffective, stopping them from taking different measures to answer the vitality disaster.

EU vitality ministers meet in a rare council in Brussels to look at the Commission’s proposals to deal with the continent’s vitality disaster.

After condemning Russian assaults on Ukraine’s vitality infrastructure, Czech Industry Minister Józef Sikelá, who chaired the dialogue, started on an optimistic observe: We should not opening the champagne but, however we are able to put the bottles in the fridge. »

However, there is nothing to be comfortable about, the European Commission’s proposal to set the price of gas at 275 euros per MW/h was unanimously rejected by the member states: it is inefficient, inadequate and even a ” unhealthy joke For Spanish Minister Teresa Ribera. In any case, it doesn’t reply to rising costs.

Josef Sikela, Czech Minister of Industry and Trade, made the level: The discussions have been full of life and as you all know there are very totally different opinions on this gas price cap proposal, however it was an open debate that paved the method for the deal we hope to search out in December. This is a vital query and we should proceed to debate it, as a result of if we can not make sure that our economic system is in working order, we won’t be able to assist the Ukrainians. »

Also Read : Zelensky denounces UN as “crime in opposition to humanity” after assault on infrastructure

This level of disagreement prevents the adoption of different proposals, comparable to the joint buy of gas and acceleration of the approval course of for renewable vitality tasks. The 20-seven agreed in precept to the two measures, however postponed their formal approval till one other assembly, scheduled for December 13, with nations demanding a inexperienced mild for 3 proposals or none.

Also learn: EU ministers meet on gas price cap enchantment

Vladimir Putin’s warning

On Thursday, the Russian President spoke by phone with Iraqi Prime Minister Mohammad Chia al-Soudani. Mr Putin warned throughout the talks that any cap on Russian oil costs can be “ Fatal outcomes

Such actions go in opposition to the ideas of business relations and can possible result in critical penalties for international vitality markets. He mentioned, in keeping with a Kremlin assertion, the G7, a coalition of states together with the EU and even Australia, desires to impose a cap on Russian oil costs and should announce deliberate limits “in the coming days.” According to US Treasury officers.

A cap on the price of oil offered by Russia would scale back its monetary sources and thus its capacity to proceed its offensive in Ukraine, however stop the rise in vitality costs. But this price have to be greater than the value of manufacturing, to encourage Russia to maintain promoting it and never have to chop the floodgates.

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