Fuel worth cap could result in suspension of Gazprom’s provides, CEO says

A transfer to introduce a fuel worth cap will entail the suspension
of Gazprom’s provides, the Russian fuel large’s CEO Alexey Miller
identified, Pattern studies citing TASS.

“You recognize, we are literally guided by the contracts that had been
signed. Such a unilateral resolution is certainly a violation of the
important contract phrases, which can entail the suspension of
provides,” Miller mentioned in an interview with host of the “Moscow.
Kremlin. Putin” TV program Pavel Zarubin, a part of which was posted
on the journalist’s Telegram channel on Sunday.

On September 25, a bunch of 15 international locations known as on the European
Fee to introduce a worth cap for all fuel imports. Nonetheless,
Germany, Denmark and the Netherlands opposed the initiative, saying
that it will hurt efforts to include Europe’s vitality disaster.
European Fee President Ursula von der Leyen emphasised the
want for a worth cap just for Russian fuel.

Originally published at Irvine News HQ