The executive director (CEO) of Russian energy company Gazprom, Alexei Miller, warned this Sunday that the attempt to impose a cap on Russian gas prices in Europe will lead to a stockpile cut.
“We are guided by the signed contracts. A unilateral decision like this is a violation of the current terms of the contract, which means the cessation of supply,” Alexei Miller said on Russian public television.
Miller warned that this drastic move in response to the imposition of price caps on Russian hydrocarbons is foreseen in a presidential decree signed by Russian President Vladimir Putin last March.
The Russian head of state himself has stated on several occasions that any attempt to limit Russian oil and gas prices would mean that Russia would not export these products and advised the European Union (EU) to break the supply and demand laws that govern international trade. to violate.
One of the most recent sanctions the EU has imposed on Russia is a commitment to impose a global ceiling on the price of Russian oil and its derivatives so that European shipping companies can only transport it from Russia to third countries if the hydrocarbons have been removed. sold at a price equal to or lower than established
The oil price ceiling will not be a fixed amount, but a variable that will bring the price of Russian crude oil below the world market price, reducing the revenue that Russia earns from selling fossil fuels and that it uses to fight the war against Ukraine.
This mechanism to punish Russia was one of the topics that US Treasury Secretary Janet Yellen discussed with Eurogroup ministers, with whom she also discussed the need to accelerate economic aid to Ukraine.
Source: DN
