EU Proposes Cap <br />on Russian Gas Prices, , Putin Threatens Supply Halt.<br />EU Proposes Cap <br />on Russian Gas Prices, , Putin Threatens Supply Halt.<br />The price cap was proposed by <br />EU officials on Sept. 7.<br />The proposal comes as EU energy prices are already strapping consumers ahead of the cold EU season.<br />We will propose a <br />price cap on Russian gas, Ursula von der Leyen, European Commission President, via Reuters.<br />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.<br />The EU has accused Putin of using Russian energy <br />as a weapon to curtail the EU's support for Ukraine.<br />Putin responded that EU price caps on Russian energy supplies would mean that all EU contracts are null.<br />We will not supply anything at all if it contradicts our interests, Vladimir Putin, Russian President, via Reuters.<br />We will not supply gas, oil, coal, heating oil - we will not <br />supply anything, Vladimir Putin, Russian President, via Reuters.<br />Some criticized the EU's proposal as <br />further sanctions against Russia.<br />It is not a constructive proposal, according to me, Jozef Sikela, Czech Republic Industry Minister, <br />via Reuters.<br />It is more another way to sanction Russia than an <br />actual solution to the <br />energy crisis in Europe, Jozef Sikela, Czech Republic Industry Minister, <br />via Reuters.<br />The root cause of the problem <br />is a shortage of gas supply and our addiction to imported <br />fossil fuels. , Kristian Ruby, Secretary General of Eurelectric, <br />via Reuters.<br />Governments should seek to tackle this rather than resorting to distortive, ad-hoc interventions in the <br />electricity market, Kristian Ruby, Secretary General of Eurelectric, <br />via Reuters
