The Czech Republic proposed to remove the issue of limiting the price of gas from Russia in the EU
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The Czech Republic proposes to remove the issue of limiting gas prices from Russia from consideration in the EU Council, said the head of the Ministry of Industry and Trade of the Republic, Józef Sikela.
“The Czech Republic wants to remove the issue of limiting Russian gas prices from consideration in the EU Council, since this is a political tool, and not a solution to the energy crisis,” Sikela said (quote according to RIA Novosti).
The head of the European Commission, Ursula von der Leyen, said earlier that “the time has come” to introduce a price limit on pipeline Russian gas.
A similar ban is being discussed in the West with respect to Russian oil and oil products. According to the Financial Times, the G7 countries will agree at today’s meeting on the introduction of a price limit for the corresponding supplies. According to the publication, the marginal oil prices should come into force on December 5, along with the EU embargo on marine supplies of oil from the Russian Federation, and on oil products – from February 5.
The main unresolved issue remains the size of the limit, wrote The Wall Street Journal yesterday. Western officials have repeatedly stressed that they want to use these restrictions to greatly reduce Russia’s oil revenues, but not to allow a cessation of supplies, which could lead to another jump in oil prices. Thus, Bloomberg in July claimed that Western countries are discussing a range from $40 to $60 per barrel, which will be higher than the cost of oil production, i.e. Russia will have an incentive to continue it. At the same time, the administration of US President Joe Biden considers the $40 limit too low.
Press Secretary of the Russian President Dmitry Peskov said that when a price limit for Russian gas, oil and oil products is set, these energy resources will be supplied in other directions – to countries that work on market conditions.
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