EU postpones discussion of Russian gas

price ceiling until December EU energy ministers have postponed a decision on a gas price ceiling until December, the HEAD of the Hungarian Foreign Ministry said. RUSSIAhas repeatedly stated that it will stop supplying energy resources to countries"political decision makers" on the ceiling

EU energy ministers at a meeting on November 24 failed to agree on a price ceiling for Russian gas. The next meeting will take place, presumably, on December 13, said Hungarian Foreign Minister Peter Szijjártó, REUTERS reports.

“Today, at the meeting, no decision was made that would meet the common goals of the European Commission, because a significant part of the member states, including us, defended the point of view that it is impossible to take decisions on solidarity measures in the gas market without unlawfully, on our view is to interfere in the work of the gas market,” he said.

The head of the Hungarian Foreign Ministry said that the proposals made at the meeting were unsuccessful, as they threatened the energy security of Europe.

Ministers reached an informal agreement on the least contentious elements of a package to combat the energy crisis, Politico clarifies, but failed to agree on a final mechanism. The representatives of Belgium, Spain, Italy, Poland and Greece made it clear that they would not agree to the package as a whole until the mechanism was thoroughly worked out.

See also EUobserver learned that the EU did not include ALROSA in the sanctions list 01:00

Earlier that the EU may postpone the discussion until the next summit, wrote La Repubblica. The newspaper noted that, according to the EU plan, the restriction comes into force if the price of gas on the Amsterdam Stock Exchange exceeds €275 per 1 MWh for at least two weeks, and the difference with the price of LNG should be more than €58 for at least ten days. According to the publication, even at peak prices, these two conditions were not met at the same time.

La Repubblica found outthat the EU may delay the introduction of the gas price ceiling Politics

Read on RBC Pro What stocks Soros, Cooperman and other billionaires are getting rid of How long are deliveries from CHINA now. Making an order for the New Year “Running helps to deal with problems”: the head of Lululemon is about sports How users and advertisers are fleeing Twitter Elon Musk

The head of the European Commission, Ursula von der Leyen, advocated for the introduction of marginal prices for Russian gas in September. She noted that the EU countries managed to fill the storage facilities by 80% even earlier than planned. However, no final agreement was reached. According to the FT, at least ten EU countries supported the introduction of a price cap for all suppliers, not just Russia.

Against the backdrop of gas shortages in Europe, prices for energy resources and products have risen. The European Commission has warned residents about the upcoming hard winters.

Russian President Vladimir Putin , speaking about plans to limit prices for Russian energy resources, threatened to cut off oil and gas for countries where they would make political decisions that contradict contractual obligations. “We will only have one thing left: as in a famous Russian fairy tale, to say: “Freeze, freeze, wolf tail,” he said.