On Wednesday, European Commission President Ursula von der Leyen delivered her State of the Union speech within the European Parliament, the place she introduced, amongst different issues, that sanctions in opposition to Russia will stay and providence taxes will probably be presented on the EU degree.
Ursula von der Leyen stated that the EU has been on Ukraine’s aspect within the conflict from the very starting, and has to this point equipped greater than €90 million in money to the rustic, along with army enhance. She spoke concerning the measures taken in opposition to Russia and stated that sanctions would stay as a result of there used to be a want to act firmly.
However, firmness isn’t a function of the European Union in all spaces. Recently, there have been rumors that the EU used to be going to introduce a worth cap on Russian gasoline. As power isn’t these days lined by way of sanctions since it’s hostile by way of a number of Member States, the EU sought after to sanction Russian gasoline on this approach.
However, the cost cap didn’t cross down neatly with Member States, with many talking out in opposition to it, together with Hungary, Germany, Austria, Denmark, and the Netherlands. According to a piece of writing revealed in Világgazdaság, a Hungarian financial web page on Tuesday,
the European Commission has in the end determined to desert the theory of the capping of Russian gasoline costs in the interim.
Energy ministers will subsequent meet on September 30 to talk about the problem.
However, on the identical time that the European Commission rejected the theory of a worth cap, it used to be introduced that providence taxes on power corporations can be presented. Under the Commission President’s proposal,
corporations that generate electrical energy from fossil fuels must pay an additional benefit tax, which might generate €140 billion in income.
Windfall tax isn’t an unknown thought within the EU and has already been presented in numerous international locations, particularly within the power sector. In Hungary, too, the federal government presented the additional benefit tax a number of months in the past, nevertheless it covers many sectors within the nation, together with air delivery, which has led the Hungarian govt right into a public dispute with Ryanair, as an example.
Featured photograph: europarl.europa.european
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