Ursula von der Leyen has stated that sanctions on Russia will remain in place until its economy is ‘torn apart’ - adding Europe’s solidarity with Kiev is unshakable at a time to show determination.
2023 will be the year politicians learn they are not so untouchable after all. Discontent is growing already in Europe, and it’s not even winter yet.
Lukewarm measurements will be implemented to keep shit from hitting the fan soon. So far they seem to have a small effect on the price, but they don’t sit right with me at all. A lot of focus is on green energy and a part of the profit from gas companies will be taken. But I’m sure there will be ways for them to get out.
Some experts predicted a decrease of 1250 euro’s a year in the advantage of the people. Which means 100 euro’s a month. Which does nothing is your bill is now 500-600 euro’s. We will see what happens.
I honestly don’t see what they can do at this point. Around 60% of energy that Europe was getting from Russia has no replacement. Other countries simply can’t crank up their output by needed amount, and even if that was possible there aren’t enough LNG terminals in Europe to offload it. Europe is going to crash hard this winter.
Seizing profits from companies is an option, but that won’t fully happen of course.
Stopping the sanctions but with all the talk from the EU that will never be an option.
Or just implement clever tricks in accounting combined with lowering taxes and budget cuts in other sectors.
Right now they are going after a small part of the profits and the other shortages will be covered by the governments. Which is a very short term solution that has consequences for the future, possibly bad consequences as well.
To add to this: a price cap gets implemented as well but as far as I can tell it will mainly be for green energy and green electricity. There’s no clear vision for gas, which is the number one problem.
