The actual fallout of the price cap depends in part on the contractual situation between seller and buyer. However, no contract is immune to the forces of the free market.

From Europe’s north to her south, it is difficult to avoid the sense that the prevailing order is coming apart, that the cultural revolution to which her people have been subjected is being met with some real resistance.

Energy analysts warn of the dangers that market intervention tools, such as price caps, present. For the EU, it is “unchartered territory.”

We Estonians know from our own historical experience what happens when we make concessions to Russia.

The French president considers these cases a challenge to his political authority, and he has no intention of yielding. For the moment, there is no official reaction to either affair by the Élysée.

In the aftermath, it is doubtful whether Moscow will experience much impediment to its war’s prosecution. However, to Ukraine it is both a symbolic and political victory, as it helps to raise confidence in its western backers.