Medvedev commented on the decision of the EU to introduce a gas price ceiling
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The introduction of gas price restrictions is dictated by “zoological hatred” for Russia, is a non-market measure and shows the impotence of the EU. This statement was made by Deputy Chairman of the Security Council of the Russian Federation Dmitry Medvedev.
According to him, the decision to impose a cap on gas prices is “stupid” for two reasons.
“Firstly, as in the case of oil, it is not dictated by economic logic, but by zoological hatred of Russia based on the maniacal thesis “Russians are to blame for everything.” <...> Secondly, it was adopted from the powerlessness of the EU to influence the situation,” wrote Medvedev in his Telegram channel.
The deputy head of the Security Council of the Russian Federation described the gas price ceiling as a “voluntaristic non-market measure.” He noted that this solution has many exceptions that allow blocking the application of the ceiling. According to Medvedev, such an approach “seriously won’t work.”
In addition, the politician added, a few years ago the limit was set at $2,000 per 1,000 cubic meters. m would seem surprising to market participants. According to him, they “could not imagine such a price limit even in the happiest or worst dream.” Medvedev assumed that gas prices would continue to remain high for Europe.
In conclusion, the deputy chairman of the Security Council of the Russian Federation said that “moronic Russophobia” and the deterioration of living standards in Europe are growing. “Merry Christmas!” Medvedev congratulated the Europeans on the upcoming holiday.
December 19 EU countries agreed gas price limit of 180 euros per 1 MWh, which corresponds to $1975 per 1000 cubic meters. The ceiling will take effect from February 15, 2023. The ceiling will be activated if the gas price at the TTF gas hub in the Netherlands (the most liquid gas hub in the EU) exceeds the agreed level, and the spread to the price of liquefied natural gas (LNG) in the EU will be more than 35 euros per 1 MWh.
Earlier, the Kremlin has repeatedly stressed that Russia will not supply energy to countries that join the price ceiling.
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