EU gas price cap plan is ‘foolish’ – Putin ...News

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EU gas price cap plan is ‘foolish’ – Putin
The proposal will only lead to rising energy prices, the Russian president says The proposal by the EU to place a price cap on Russian natural gas imports is a foolish, non-market-oriented plan that has no future, Russian President Vladimir Putin said on Wednesday. “Faced with what is happening now, EU politicians are thinking how to get away with it [paying market prices for gas], and to limit the price by administrative decisions. Another foolish notion, nonsense that will lead to further price increases in the global markets, including Europe,” Putin said during a plenary session of the Eastern Economic Forum (

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