Tag: price cap
Why economists are reassessing inflation – and what that means for politics
inflation The price increase for food was 21.8 percent in 2022. (Photo: dpa) Frankfurt Despite sharply rising energy prices, disrupted supply chains and capacity bottlenecks, the past few years have…
EU agrees on price cap for Russian oil products
oil production According to dpa, a price cap of $100 per barrel is planned. (Photo: IMAGO/Panthermedia) Brussels The G7 industrialized countries and the EU have introduced an embargo and a…
EU agrees on price cap for Russian oil products
oil production According to dpa, a price cap of $100 per barrel is planned. (Photo: IMAGO/Panthermedia) Brussels The EU countries have agreed on a proposal by the EU Commission that…
EU wants to hit Russia with a new price cap on diesel
Oil tanker in the Sea of Japan Russia will have trouble selling its diesel to other countries, experts say. (Photo: REUTERS) Zurich, Brussels The first blow to the Kremlin’s war…
EU wants to hit Russia with a new price cap on diesel
Oil tanker in the Sea of Japan Russia will have trouble selling its diesel to other countries, experts say. (Photo: REUTERS) Zurich, Brussels The first blow to the Kremlin’s war…
EU wants to hit Russia with a new price cap on diesel
Zurich, Brussels The first blow to the Kremlin’s war chest came in December. At the end of 2022, the EU stopped imports of crude oil from Russia and at the…
Russia must sell off its oil
Oil tanker off the coast of Russia In the background are the oil storage facilities of the Russian port of Kozmino, which serves the Asian market. There, too, the prices…
Russia must sell off its oil
Oil tanker off the coast of Russia In the background are the oil storage facilities of the Russian port of Kozmino, which serves the Asian market. There, too, the prices…
Putin bans Russian oil exports to countries with a price cap
Wladimir Putin The Russian leadership speaks of a violation of the free market and has been announcing countermeasures against the price cap for weeks. (Photo: AP) Moscow Russian President Vladimir…
That’s why some oil tankers can’t get through the Bosphorus
Russian oil tanker Some oil tankers are currently prohibited from passing through the Bosphorus Strait. (Photo: dpa) Istanbul Ships are piling up on the Bosporus – and there are no…
EU boycott of Russia causes oil prices to drop
Oil tanker in the Russian Pacific port of Kozmino Exports to China and India already work without services from the West. (Photo: Reuters) Zurich In the Baltic Sea port of…
How the gas price cap is dividing the EU
EU Energy Minister Czech Energy Minister Jozef Sikela (2nd from left) spoke of a “rather heated discussion”. (Photo: AP) Brussels The EU energy ministers have postponed two emergency laws to…
No agreement in sight at EU ministerial meetings
gas tank The Commission had proposed a cap on increases in wholesale gas prices. (Photo: imago stock&people) Brussels When the ministers argue in Brussels, there is a good habit: At…
Upper price limits for eggs & potatoes – shortage economy possible
Vienna Hungary’s Prime Minister Viktor Orban has again set a price cap in the country – this time for eggs and potatoes. Consumer prices for these foods will be frozen…
Southern European countries want to stop inflation
Athens, Paris, Madrid In many southern European countries, governments are taking unusual measures to limit the high cost increases in food. Fixed price caps for staple foods are no longer…
The cost brake could be so expensive
gas “With a gas price cap, you can theoretically spend any amount of money between zero and 200 billion euros.” (Photo: dpa) Berlin It is becoming increasingly clear that the…
The cost brake could be so expensive
gas “With a gas price cap, you can theoretically spend any amount of money between zero and 200 billion euros.” (Photo: dpa) Berlin It is becoming increasingly clear that the…
Liz Truss intervenes massively in energy markets
Liz Truss Truss used her visit to the General Assembly of the United Nations (UN) to announce what appeared to be a radical change in economic policy. (Photo: Reuters) London…
British energy provider relies on nuclear power
Around six months later, however, the situation in the United Kingdom is more explosive than in many of its European neighbors. From October, energy costs for consumers will rise by…
EU ministers want to cap them, but not anger Russia
Brussels The European energy ministers are not yet satisfied with the EU Commission’s proposals for an emergency plan. Furthermore, some of the ministers are pushing for a gas price cap,…