The oil embargo agreed at the EU summit is to block 90 percent of Russian oil imports to the EU by the end of the year. The remaining 10 percent will continue beyond that via the Druzhba pipeline to Hungary, the Czech Republic, and Slovakia. Some call it a "signal of unity", while others express clear criticism.
By Lukas Knigge
Due to the sharp rise in energy costs, the EU Commission may also want to allow state-regulated electricity prices for medium-sized companies. For the gas market, the authority also considers price caps on the exchanges.
By Manuel Berkel
In the event that Russia turns off the gas tap to additional member states, the EU should be prepared, write Isabella M. Weber and Karsten Neuhoff. Negotiations on contingency plans should begin immediately. In doing so, they say, particular attention should be paid to issues of fairness, solidarity and legitimacy.
By Redaktion Table
Since the outbreak of the war in Ukraine, the cost of fertilizers has skyrocketed. Russia is one of the most important exporting countries on the world market. The price development is putting enormous pressure on European agriculture and could have an impact on food supplies.
By Timo Landenberger
The members of the G20 are not united in their dealings with Russia. A sign of greater credibility is urgently needed, since the threat of war to people and economies worldwide is immense. At the upcoming meeting, the finance ministers should at least agree on the source of the problem.
By Redaktion Table
