Reuters: The Netherlands will support the introduction of a limit on Russian gas prices

MOSCOW, 7 Sep — PRIME. The Netherlands will support the introduction of a price limit for gas from Russia, Reuters reports citing an informed source.

“The Netherlands, which has always opposed the gas price ceiling, will support the limit on Russian gas,” the agency said in a statement.

In addition, it is reported that the country supports the replacement of a voluntary reduction in gas consumption by 15% in the EU with a mandatory one.

The European Commission plans to discuss with EU countries on Friday a set of new measures it wants to propose to normalize the situation in the electricity market, including a price cap on gas imports from Russia and a mandatory reduction in electricity consumption during peak hours.

On September 2, G7 finance ministers confirmed the plan to introduce a “price cap” on Russian oil and called on all countries to join the initiative. Earlier, European Commissioner for the Economy Paolo Gentiloni said that the EC’s goal is to introduce a price cap in accordance with the deadlines agreed under the sixth EU sanctions package, that is, December 5, 2022 for crude oil and February 5, 2023 for petroleum products.

Russian President Vladimir Putin, commenting on the idea to limit the prices of Russian energy resources, said that the West is not in a position to dictate its terms to Russia, let them come to their senses.