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Russia's Gazprom: If Europe Imposes Price Cap, Gas Supplies Will Be Halted

© Sputnik / Pavel Lvov / Go to the mediabankA view shows gas metering units at the Gazprom's Amur Gas Processing Plant near the town of Svobodny, Amur Region, Russia. The plant was launched on June 9, 2021
A view shows gas metering units at the Gazprom's Amur Gas Processing Plant near the town of Svobodny, Amur Region, Russia. The plant was launched on June 9, 2021 - Sputnik International, 1920, 16.10.2022
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MOSCOW (Sputnik) - The introduction of a price cap on Russian gas in Europe, if such a decision is made, will be a violation of the contractual terms and will entail the termination of supplies, Alexey Miller, the head of Russian energy giant Gazprom, said on Sunday.
"We are guided by the contracts that have been signed. Of course, such a unilateral decision is a violation of the essential terms of the contract, which entails the termination of supplies," Miller told Russian broadcaster Rossiya 1.
On October 7, the European Union introduced the eighth package of sanctions against Moscow which, among other things, sets a framework for capping the price of Russian seaborne oil exports at a level coordinated by G7 allies. The measure will go into effect on December 5 for crude oil and on February 5 for refined petroleum products. Some EU countries, including Hungary, were excluded from such measures as they import Russian oil through pipelines.
Fire gas stove - Sputnik International, 1920, 11.09.2022
Italian Minister Calls for Price Cap on All Gas Imported by Europe, Not Only Russian
In addition, at the end of September, the energy ministers of 15 EU countries sent a joint appeal to the European Commission in which they advocated the introduction of a price cap for all gas imports into the EU, regardless of their origin, to curb rising energy prices.
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