Thread: What's the latest on the idea for an ๐ช๐บ price cap on #RussianGas? (1/3)
The momentum has shifted toward a cap on *all* gas imports. 13 member states have signed a letter calling for it: ๐ช๐ธ๐ต๐น๐ฎ๐น๐ต๐ฑ๐ง๐ช๐ฌ๐ท๐ท๐ด๐ญ๐ท๐ฑ๐น๐ฑ๐ป๐ธ๐ฎ๐ธ๐ฐ๐ฒ๐น
Enough for qualified majority? Note who's missing (๐ซ๐ท๐ฉ๐ช)
The momentum has shifted toward a cap on *all* gas imports. 13 member states have signed a letter calling for it: ๐ช๐ธ๐ต๐น๐ฎ๐น๐ต๐ฑ๐ง๐ช๐ฌ๐ท๐ท๐ด๐ญ๐ท๐ฑ๐น๐ฑ๐ป๐ธ๐ฎ๐ธ๐ฐ๐ฒ๐น
Enough for qualified majority? Note who's missing (๐ซ๐ท๐ฉ๐ช)
The Commission wants a price cap just on ๐ท๐บ gas, fearful that capping all gas imports will put the EU at a disadvantage in global markets - gas and LNG will go to ๐ฏ๐ต๐จ๐ณ๐ฌ๐ง etc who will pay more.
But Council is worried a cap on just ๐ท๐บ gas would be subject to legal challenge. (2/3)
But Council is worried a cap on just ๐ท๐บ gas would be subject to legal challenge. (2/3)
At the same time, the falling price of gas is taking some of the wind out of the sails for this idea.
In short - a gas price cap is a huge gamble. It will not be on the table for this Friday's emergency meeting of energy ministers in Brussels. Each day it looks less likely (3/3)
In short - a gas price cap is a huge gamble. It will not be on the table for this Friday's emergency meeting of energy ministers in Brussels. Each day it looks less likely (3/3)
โข โข โข
Missing some Tweet in this thread? You can try to
force a refresh
ใ
