EU Proposes Cap on Russian Gas Prices, Putin Threatens Supply Halt

EU Proposes Cap on Russian Gas Prices, , Putin Threatens Supply Halt.

EU Proposes Cap on Russian Gas Prices, , Putin Threatens Supply Halt.

The price cap was proposed by EU officials on Sept.

7.

The proposal comes as EU energy prices are already strapping consumers ahead of the cold EU season.

We will propose a price cap on Russian gas, Ursula von der Leyen, European Commission President, via Reuters.

We must cut Russia's revenues which Putin uses to finance this atrocious war in Ukraine, Ursula von der Leyen, European Commission President, via Reuters.

The EU has accused Putin of using Russian energy as a weapon to curtail the EU's support for Ukraine.

Putin responded that EU price caps on Russian energy supplies would mean that all EU contracts are null.

We will not supply anything at all if it contradicts our interests, Vladimir Putin, Russian President, via Reuters.

We will not supply gas, oil, coal, heating oil - we will not supply anything, Vladimir Putin, Russian President, via Reuters.

Some criticized the EU's proposal as further sanctions against Russia.

It is not a constructive proposal, according to me, Jozef Sikela, Czech Republic Industry Minister, via Reuters.

It is more another way to sanction Russia than an actual solution to the energy crisis in Europe, Jozef Sikela, Czech Republic Industry Minister, via Reuters.

The root cause of the problem is a shortage of gas supply and our addiction to imported fossil fuels.

, Kristian Ruby, Secretary General of Eurelectric, via Reuters.

Governments should seek to tackle this rather than resorting to distortive, ad-hoc interventions in the electricity market, Kristian Ruby, Secretary General of Eurelectric, via Reuters