European Commissioner Gentiloni: EU ready for Russia’s non-compliance with gas contracts

ROME, September 3 – RIA Novosti. The European Union expects Russia to comply with gas supply contracts and is ready to react otherwise, a proposal to impose a gas price ceiling may develop, declaration Paolo Gentiloni, European Commissioner for Economic Affairs.

“We expect Putin to respect existing contracts, but the EU is ready even if he doesn’t. The European Commission has been working in recent months to increase storage stocks and coordinate energy savings between different countries,” Askanews said. said.

Gentiloni also announced a change in the position of European countries on imposing a ceiling on Russian gas supply prices.

“The wall separating the views of the various countries is starting to show some gaps and so the European Commission’s proposal … could finally move forward. That would be a really big breakthrough,” he said. Forum in Cernobbio on Lake Como.

On the eve of the European Commission head Ursula von der Leyen announced that a limit should be placed on the supply of Russian pipeline gas to Europe.

“I find it important that the President of the European Commission and the heads of the G7 finance ministries simultaneously take political decisions on the gas price ceiling and the oil price ceiling, which must be implemented legally and operationally,” Gentiloni said. said.

The G7 finance ministers (Great Britain, Germany, Italy, Canada, the United States, France and Japan) agreed on Friday to impose a “price cap” on Russian oil and urged other countries to join the initiative. Such a step is designed to “accelerate the collapse” of the Russian economy, as US Treasury Secretary Janet Yellen put it on the subject.