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Lithuania Opposes Electricity Price Cap: Energy Minister

by Euro Times
September 9, 2022
in World
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https://sputniknews.com/20220909/lithuania-opposes-electricity-price-cap-energy-minister-1100599318.html

Lithuania Opposes Electrical energy Worth Cap: Power Minister

Lithuania Opposes Electrical energy Worth Cap: Power Minister

BRUSSELS (Sputnik) – Lithuania helps the introduction of a value cap on Russian gasoline, however opposes restrictions on electrical energy costs, as it’ll hurt the… 09.09.2022, Sputnik Worldwide

2022-09-09T11:26+0000

2022-09-09T11:26+0000

2022-09-09T11:26+0000

vitality disaster in europe

lithuania

value

russian gasoline

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“The ceiling on worldwide turbines is an absolute crimson line for us, as a result of it’ll destroy the electrical energy market,” Kreivys stated earlier than the assembly of EU vitality ministers.The minister claimed this measure will hurt Lithuanian home market, as a result of corporations in numerous nations will obtain completely different subsidies.Kreivys additionally stated that “Lithuania helps the proposal of the [European Commission] head to set a ceiling on gasoline costs,” including that the gasoline value ceiling ought to be financed on the EU degree.Final Friday, European Fee President Ursula von der Leyen stated that the bloc may introduce limits on the value of Russian pure gasoline after G7 finance ministers confirmed their intention to impose value caps for Russian oil as a part of the expanded sanctions in opposition to Moscow.Moscow, in flip, pledged to cease vitality exports to the states that might apply the bounds.

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BRUSSELS (Sputnik) – Lithuania helps the introduction of a value cap on Russian gasoline, however opposes restrictions on electrical energy costs, as it’ll hurt the nation’s home market, Power Minister Dainius Kreivys stated on Friday.

“The ceiling on worldwide turbines is an absolute crimson line for us, as a result of it’ll destroy the electrical energy market,” Kreivys stated earlier than the assembly of EU vitality ministers.

The minister claimed this measure will hurt Lithuanian home market, as a result of corporations in numerous nations will obtain completely different subsidies.

Kreivys additionally stated that “Lithuania helps the proposal of the [European Commission] head to set a ceiling on gasoline costs,” including that the gasoline value ceiling ought to be financed on the EU degree.

Final Friday, European Fee President Ursula von der Leyen stated that the bloc may introduce limits on the value of Russian pure gasoline after G7 finance ministers confirmed their intention to impose value caps for Russian oil as a part of the expanded sanctions in opposition to Moscow.

Moscow, in flip, pledged to cease vitality exports to the states that might apply the bounds.





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