The European Commission will propose to the member states to set the upper limit of the price of Russian gas, as well as to introduce other measures to reduce the consequences of the energy crisis. This was announced by the President of the European Commission Ursula von der Leyen at a press conference in Brussels.
According to her, the EU is in an emergency situation because Russia is an unreliable supplier and manipulates the energy markets.
We are faced with astronomical electricity prices for households and businesses and enormous market volatility. We will therefore propose a series of immediate measures that will protect vulnerable consumers and businesses and help them adapt," von der Leyen said.
"We will propose to limit the price of Russian gas. The goal here is very clear. We should reduce Russia's income, which Putin uses to finance this brutal war against Ukraine," said von der Leyen.
The proposal will be presented at the EU Council meeting on Friday.
In addition, she presented other measures, including smart energy conservation.
"We need a strategy to smooth out the peaks that increase electricity prices. We will propose a mandatory goal to reduce the use of electricity during peak hours," explained the president of the European Commission.
The European Commission will also propose limiting the income of companies that produce electricity with low costs.
The same goes for the windfalls of fossil fuel companies.
In addition, said von der Leyen, it is necessary to support energy companies to cope with the volatility of the markets.
"These are difficult times. But I am convinced that Europeans have the economic strength, political will and unity to maintain their superiority," said von der Leyen.