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Prevented political differences: Europe will not limit gas prices from

But this does not mean that Europe completely abandons the price ceiling for "blue fuel". European Union leaders on Tuesday, October 18, 2022 will not discuss the restrictions on gas prices. This issue has been excluded from the Energy Security Measures in the winter, Bloomberg reports.

Although the decision on this issue could prevent Moscow from selling its energy resources and earning unprecedented money, the EU will not limit the prices of Russian gas due to "political differences" and "fear of supply security". "The block will refrain from immediate price limitation," the agency reports, referring to the project of a document that is at the disposal of journalists.

According to journalists, the EU is now considering the possibility of joint gas purchases, limiting market volatility. The block also wants to launch a new liquefied gas index (PPG). But this does not mean that Europe completely abandons the price ceiling for "blue fuel".

"The European Commission also requires national governments to propose permission - only as a last resort - price restrictions on agreements on the Dutch Title Transfer Facility, the main index of which is a standard for all gas sold on the continent," Bloomberg said in the article. This will require the approval of EU countries within a separate process. It is assumed that such a mechanism will act for no more than three months.