The Unintended Consequences Of The EU Energy Emergency Plan

The Unintended Consequences Of The EU Energy Emergency Plan

This week saw the European Commission’s President Ursula von der Leyen do something that would have probably been considered the opposite of democracy just a few years ago. She proposed that governments impose a ceiling on certain energy producers’ revenues and add a windfall profit for Big Oil majors. Called “a solidarity contribution” or “a … Read more

EU proposes Russian oil ban to make Putin pay ‘high price’ for Ukraine

EU proposes Russian oil ban to make Putin pay ‘high price’ for Ukraine

European Commission President Ursula von der Leyen speaks during a debate regarding economic sanctions against Russia, during a plenary session at the European Parliament in Strasbourg, eastern France, on May 4.PATRICK HERTZOG/AFP/Getty Images The EU proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Kyiv said Moscow was intensifying … Read more