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The EU has figured out how to limit the selling price of gasoline and not anger Putin

Among the EU Member States that oppose the proposal to impose a restriction exclusively on Russian gas imports are Italy, Poland and Greece.

10 EU international locations question for a restriction to be introduced gasoline price ranges for all suppliers.

This is reported Economic Occasions.

In accordance to the publication, some EU member states are persuaded that the separation of Russia could press Vladimir Putin to absolutely reduce off provides to Europe.

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Between the EU member states opposing the proposal to impose a restriction exclusively on Russian gas imports are Italy, Poland and Greece, officials stated.

The Kremlin has threatened to slice all provides to Europe if the EU imposes a ceiling on fuel charges. Deliveries of Russian fuel to the bloc have dropped by about 80 per cent to 84 million cubic meters a day because the get started of the Russian invasion of Ukraine.

Gas predicament:

August 31 Gazprom suspended fuel supplies in Europe by using Nord Stream 1. The business claimed that oil leaks have been identified on sections of the pipeline’s compressor and that the equipment experienced to be shut down right until the leak was repaired.

In flip, Siemens Energy, which usually maintains Nord Stream 1 turbines, stated such a leak should really not disrupt the pipeline’s operation.

The Russian gas company Gazprom declared on 2 September stage pumping gasoline by the Nord Stream 1 pipeline for an indefinite period. On September 3, the White Household responded total closure of Nord Stream.

From the backdrop of the ongoing closure of the Russian Nord Stream gasoline pipeline Place fuel selling price in Europe jumped 30% on the morning of September 5th virtually $ 2,900 for every thousand cubic meters.

On 6 September, French President Emmanuel Macron supported the options proposed by the European Commission to limit the price of Russian fuel.

On 7 Oct 2022, data appeared that the European Commission is prepared to present marginal rate of Russian gas.

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