Timmermans at Live In Venice: ‘The Russian oil embargo will be a success’
The direct vice president of the European Commission hosted the Sky TG24 event discussed sanctions on Russia, price cap on gas, food emergency and energy transition towards renewables
Effective Vice President of the European Commission Frans Timmermans, host of Live In Venice, the Sky TG24 event, did not talk about the Russian oil embargo recently decided by the European Council. “It will be a success,” he points out. “I believe that by the end of this year we will have reduced 90% of the things from Russia.” A decision, specifies Timmermans, taken against “the specific problems of Hungary and Slovakia”. As for the oil that passes by land, he explained, in the near future “there will be a reduction” (THE FIRST DAY-ALL PANEL).
“We will decrease our dependence on Russia also on gas”
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On the gas front, on which to put his country, he explains, it is more difficult for Europeans like Italy, which imports the equivalent of 39% of energy needs. Europe is moving at great speed. “We will go to the world to sign contracts for LNG (liquefied natural gas, ed), we will also try to reduce energy consumption, also thanks to renewables. If we do all this, the dependence on the Russians will continue to decrease “. This” taking into account the circumstances of the Member States “.
“At the moment a price cap on gas is not necessary”
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As regards the use of the cap price, a cap on the gas price strongly desired by the Italian government and approved in part by the European Council with the conclusive document of the leaders in which the “ad observes to contain the increase in the price modalities” is signed energy, including the feasibility of introducing temporary caps on import prices “, Timmermans explains that” from the conditions “that will depend on creating:” If they are difficult, ok at the price cap, but now you would not know a good solution . We have this tool and we can use it in case of need, and today it is not there “.
“Analyzing and reviewing the European energy market”
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For the vice president, the real problem now is the price of electricity, while “the price of gas is a consequence of the market”. Timmermans said that “we cannot simply declare that gas should be cheaper. There is always a price to pay: if the consumer does not pay it, the state pays it, then again the consumer. It is up to us to have other sources for energy and be faster in the energy transition “. The price of electricity, on the other hand, “had to be analyzed” to understand how to review, and “perhaps change”, the “construction of the European energy market”.
“The furniture of energy to Russia must be paid in euros”
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Regarding Russia’s request to pay for supplies in rubles, Timmermans is clear: “It is not allowed, contracts must be respected and we are talking about payments in euros. The EU countries must therefore pay in euros and then declare that with this it is their transaction over “. And on Italy’s decision to open an account in rubles, the vice president explains that our country, according to what he knows, “pays in euros, in accordance with the rules”.
“Sanctions against Moscow are effective”
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Timmermans has no doubts that the sanctions decidedly against Russia are “truly effective, they have closed the country”. And even if the ruble is getting stronger now, it is an artificial “situation, Moscow can put whatever it wants on the value of its currency. But they are in trouble. Russia has a certain resilience, but we are seeing that the consequences are there. “.
“Serving on the introduction of renewables”
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For Timmermans, the fact that now many countries are forced to resort to the use of coal should not lead to an extension of the time needed to reduce emissions, as long as “go fast with the introduction of renewables. If we delay it then the” effect will be, there will be huge emissions.
“We need structures to help those in difficulty”
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The vice-president of the Commission approved the idea of using the funds of the Next Generation Eu to meet the difficulties of businesses and citizens. “Italy has an excellent project that allows cities and industry to adapt to new challenges”. Timmermans also spoke of a “social climate fund to help those in difficulty. We should have other European and national structures for this purpose and the social climate fund could be a solution, both to help and to change the energy system of the cities. houses, to buy an electric car, etc. “.
Food emergency, “we need to help world organizations”
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On the food emergency is improving because of the war, for Timmermans “we must put the world organizations in the potion to help the countries in difficulty, we must help Kiev export all its grain and the states to obtain it. Money and support are needed. UN. The problem is not just lack of production, but of logistics, transport, destruction caused by the Russian war. I believe that Europe has a special task in this sense, let us give more support to UN programs “.