EU Commission President Ursula Von der Leyen presented the commission’s plan to address the growing energy crisis before and during the coming winter. Now there will be two weeks of discussions among Member states until their energy ministers gather on 30 September to decide which to endorse.
There will undoubtedly be no price caps on Russian or other natural gas.
There will be liquidity for those energy companies struggling to purchase high-priced gas.
There are measures to decouple the effects, at least, of the coupling of the electricity prices to high natural gas prices in the wake of Putin’s regime cutting its pipeline flows to Europe. The idea here, as I explained, is a sort of “windfall profits taxes” on low-cost energy producers, such as renewables and nuclear, to capture their rents and redistribute them to those citizens and firms struggling to pay energy bills during the crisis.
I explain that this is a wholly appropriate measure during wartime, which is what this is – an economic and energy war vs. Russia to support the Ukrainian people’s fight against Russian aggression.
I was asked, again, as on other networks recently, whether the EU is “divided” on these measures.
I explained how there are absolutely no proposals that the EU (or USA) back down on its sanctions program vs. Russia and esp. vs. Russian energy.
I explained how, despite Orban of Hungary and some similar examples, these have been pretty well handled by the majority of Member states and the Commission and in fact the sanctions and emergency measures have gone forward.
I noted that in two or so years, Russia will be relegated to a second-level energy exporter, and the EU will certainly be able to be independent of Putin’s regime in the energy sector.
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- My Polish press interview: “Europe can replace Russian oil & gas by 2027” but “in war there are casualties” (Pl. & Eng.) 14.Nov.2022
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- Al Ghad/Cairo: Putin tempts Erdogan, “Take Nord Stream gas at a Turkish hub. Sell EU my gas. Forget NATO.” Putin’s ‘Gas Godfather’ games become pathetic. 14.Oct.2022
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- My DW TV: Why Putin cuts EU gas bit-by-bit? Can Germany handle it? Wind’s low, so we’re buring gas! | Many EU states warned Berlin: “Don’t open our door to Putin’s Trojan horse!” 14.Jul.2022
- Putin cuts Nord Stream1 to 20%. Gas is Moscow’s key economic lever: Exports earn much less than oil & EU needs two-to-four years to replace it | USA-EU should hit Russian oil harder 14.Jul.2022
- Roundtable Invite/Einladung: Threat of Russia-Gulf States oil price war for Asian market? Berlin, Bundestag Press House, 28 July. [Deutsch/English event] 14.Jul.2022
- My Euronews: Nord Stream1 back on. Putin knows EU will be free of Russian gas in couple years; he’ll weaponize it while he still can. Killing EU-Ukraine solidarity is the target. 14.Jul.2022
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- Al Jazeera asks: What if Gazprom cuts Nord Stream1? EU strategy rests on solidarity. | As Putin’s EU gas trade dies, he can weaponize it once or twice more. 14.Jul.2022
- Al Jazeera: Former Russian Foreign Minster A. Fedorov & I are interviewed: A Putin Gas War vs EU? | Me: This would be another huge Putin tactical blunder. EU citizens will not be intimidated, will unite, blaming Putin. 14.Jul.2022
- My Al Jazeera. Turbine-in-Canada: Germany gets it back for Russia. Ukraine objects | EU gas crisis looms: Winning this economic war will have costs 14.Jul.2022
- My Asharq(Bloomberg): What if Russia cuts off EU gas? Do sanctions hurt Russia? How’s Putin’s oil going to India? “This is Putin’s energy war to win his Ukraine war.” 14.Jul.2022
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- My Al Jazeera: After EU (finally!) puts sanctions, the Saudis & OPEC move quickly to occupy Russia’s lost market shares | The world has abundant oil to develop [EN audio/AR video] 14.Jun.2022
- AlJazeera live: EU failes to agree on Russian oil embargo. With months of oil in storage, Druzhba inland refineries are no excuse. 14.May.2022
- Asharq live: No EU embargo agreed vs. Russian oil. Some too cautious (Germany), others pro-Putin (Hungary). Yet, EU has months of oil in storage. [EN audio, AR video] 14.May.2022
- My Al Jazeera: Finland, the Baltics & Poland prepared well for Gazprom’s cutoff. Germany & Austria did the opposite, putting EU at risk. 14.May.2022
- My Kosatka (Kyiv) Q&A: “Biden’s ‘gas airlift’ & Kremlin revenue. Tom O’Donnell on Russian gas embargo” [Ru/En/Ua] 14.May.2022
- Le dije a Radio Clarín Buenos Aires: Putin amenaza con cortarle el gas a la UE/Alemania, pero no tiene otra fuente de dinero. Si lo hace, Biden y la UE organizarán un “Gas-Lift” … [Spanish] 14.May.2022
- Would EU sanctions on Russian oil cost Germany “too much”? No. Scholz & Habeck pose the wrong questions. [Asharq/Bloomberg live: En & Ar] 14.Apr.2022