Economy

Energy crisis: The Commission’s emergency emergency plan

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In any case, at this stage, the target is maximum gas storage with EU storage at 62% full

Contingency plan in front to the risk of escalating natural gas shortages, prepares the Commission.

The plan, which is expected to be announced on July 20, according to the available information, is estimated to concern guidelines for the optimal use of energy to the member states and will include the compilation of a list of economic and social criteria for providing a certificate to the natural gas.

At the same time, it includes the adoption of a “thermostat» that is, of the ceiling’s tactics in cooling and heating.

In other words, the Commission wants, in the event of an escalation of the energy crisis, the Member States to impose certain limits regarding cooling and heating, mainly in public buildings with the exception of hospitals and nursing homesa.

More specifically the limit it sets is 25 degrees in cooling and 19 in heating.

At the same time, he wants some financial incentives to be given, possibly in the form of compensations, to companies that will seek to reduce the use of natural gas

Finally, as far as industry and power plants are concerned, the aim is for them to have access to state aid if they are willing and able to switch to alternative fuels.

In any case, at this stage, the target is maximum gas storage with EU warehouses at 62% full and aiming to reach 80% in November.

To financially strangle her Russia and to deprive Vladimir Putin of important funds, with which he maintains his huge war machine, the European Union is attempting with a new set of measures.

New Package of Measures

THE Commission jointly proposed with the High Representative new sanctions against her of Russiaasking for enforcement embargo on imports of Russian gold. This is an action that is expected to hit the Kremlin’s coffers decisively, as the disposal of gold brings huge profits to the Russian economy every year.

The European Commission today adopted a joint proposal (High Representative-Commission) for a new package of measures to maintain and strengthen the effectiveness of the EU’s six wide-ranging and unprecedented sanctions package against Russia.

Today’s “maintenance and alignment” package clarifies a number of provisions to strengthen legal certainty for operators and enforcement by Member States. It also further aligns EU sanctions with those of allies and partners, notably the G7.

Importantly, the package reiterates the Commission’s resolute stance to protect food security around the world.

The President of the European Commission, Ursula von der Leyen, reported that “Russia’s brutal war against Ukraine continues unabated. Therefore, we are proposing today to tighten the tough EU sanctions against the Kremlin, to implement them more effectively and to extend them until January 2023. Moscow must continue to pay a high price for its aggression.”

The High Representative, Joseph Borel, noted that “EU sanctions are tough. We continue to target those close to Putin and the Kremlin. Today’s package reflects our coordinated approach with international partners, including the G7.

In addition to these measures, I will also submit proposals to the Council to add more individuals and entities to the list, with asset freezes and restricted travel.”

Today’s package will introduce an import ban on Russian gold, while strengthening controls on dual-use and advanced technology exports. In this way, it will strengthen the alignment of EU sanctions with those of our G7 partners. It will also strengthen reporting requirements to tighten the freeze on European assets.

The package also reiterates that EU sanctions do not in any way target trade in agricultural products between third countries and Russia. Likewise, the text clarifies the precise scope of certain financial and economic sanctions.

Finally, it is proposed to extend the existing EU sanctions for six months, until the next review at the end of January 2023. The package will now be discussed by member states in the Council with a view to its approval.

CommissionContingency planENERGY CRISISnewsSkai.gr

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