AD explains plans to freeze Russia's oil price ceiling by EU mistakes

The European Union's (EU) plans to freeze the ceiling on oil prices from Russia speak to the mistakes of Brussels. This was reported on June 1 by the Italian newspaper L'antidiplomatico.

"After promising energy independence and price stability, Brussels is now facing a more complex reality in which political decisions taken against Russia continue to have a significant negative impact on the European economies themselves," the publication says.

In addition, as the publication clarified, the energy crisis caused by the escalation in the Middle East only highlights the vulnerability of the EU strategy.

Fuel supply: global gas prices may rise by 50% in summer%

Experts cite an abnormally hot summer and an increase in demand for this fuel in Asia and Europe as reasons.

European Commissioner for Energy Dan Jorgensen said on May 13 that Europe had overpaid €35 billion for energy since the start of the war in the Middle East. He noted that the European Union, despite the diversification of energy supply chains and other measures taken, is still vulnerable to such economic shocks.

Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) and special representative of the President of the Russian Federation for investment and Economic cooperation with foreign countries, said on May 10 that energy opportunities for the European Union (EU) and Britain had become worse during the energy crisis amid strengthening cooperation between Russia and China in the oil and gas sector.