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Tag: price cap

Russia Will Not Go Along With Oil Price Cap, Kremlin Confirms

Tristan Vanheuckelom December 5, 2022

Spokesman Dmitry Peskov said that Moscow had prepared for this price cap—a controversial, and according to some experts, ineffectual mechanism that would ‘force’ Russia to sell its oil for less than current market value. 

EU Agrees to $60 Price Cap on Russian Seaborne Oil

Robert Semonsen December 3, 2022

The move comes despite Russian President Vladmir Putin’s warning that attempts by the West to cap the price of Russian oil would have “grave consequences” for world markets.

EC President: Delay on Gas Price Cap is Unacceptable

Tristan Vanheuckelom November 11, 2022

Charles Michel is growing increasingly impatient with Ursula von der Leyen’s failure to come up with measures to blunt the pain of high energy costs inflicted on EU citizens and companies.

Energy Price Caps: Good or Bad?

Sven R. Larson October 10, 2022

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.

Energy Crisis: EU Leaders Bicker About Cap on Gas Price as Summit Wraps Up

Tristan Vanheuckelom October 10, 2022

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

Hungary Extends Price Caps on Food and Fuel, Other Countries May Follow

Bridget Ryder September 22, 2022

Carrefour raised prices on basic food items between 15% and 30% just before announcing on September 7th that it had created a “shopping basket of 30 items for 30 euros.” Designated items include coffee, oil, rice, pasta, and canned goods.

EU Energy Ministers: Discord over Price Cap for Russian Gas

Tristan Vanheuckelom September 10, 2022

A leaked draft EU law envisioning a mandatory 5% cut in electricity use during peak price hours proved controversial.

G7 Summit, Day 1: Price Caps on Russian Oil, Ban on its Gold 

Tristan Vanheuckelom June 28, 2022

The club of wealthy nations comprising Canada, France, Germany, Italy, Japan, the UK, and the U.S. took the opportunity to renew their vow of standing with Ukraine on all fronts “for as long as it takes.”

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Issue 25, Winter 2023

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