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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

EU considering allowing member states to regulate gas prices: reports

  • By Al Mayadeen English
  • Source: Agencies
  • 14 May 2022 19:26
3 Min Read

The European Commission could soon allow its member states to independently regulate their own gas prices as the sanctions on Russia exacerbated the energy crisis.

  • x
  • European Commission Chief Ursula von der Leyen
    European Commission Chief Ursula von der Leyen

The European Commission is considering allowing the governments of EU member states to regulate gas prices on domestic markets, an EU document seen by German newspaper Welt am Sonntag said Saturday.

"In these exceptional circumstances, the governments of EU member states should be allowed to regulate consumer prices during the transitional period," the news outlet quoted the document as saying.

The European Commission is intending to mitigate a rapid increase in gas prices through this measure, which had been exacerbated by the Western policies toward Russia.

The cost of gas on the European market has been showing strong volatility since late February in light of the war in Ukraine.

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Gas prices soared in early March following reports on a possible ban on the purchase of Russian energy resources in Europe, reaching historical highs.

In late April, however, things took to a worse turn, with the World Bank saying it was expecting a twofold increase in gas prices, while coal prices are expected to increase by 80% in Europe in 2022.

The crisis in question is due to Russia launching a special military operation for several reasons, including NATO's eastward expansion. Other reasons were the Ukrainian shelling of Donbass and the killing of the people of the Donetsk People's Republic and Lugansk People's Republic, in addition to Moscow wanting to "denazify" and demilitarize Ukraine.

The EU has declared preparations to join the United States and the United Kingdom in imposing an embargo on Russian energy products. However, unlike the United States and the United Kingdom, the European Union buys the majority of its energy supplies from Russia, and experts have warned that cutting off the supply may have disastrous consequences.

Germany, in particular, is bracing for the collapse of entire businesses, while the CEO of Austrian energy giant OMV has said that his country's decision to stop buying Russian gas would be "impossible."

The US and its allies, following the start of the war in Ukraine, rolled out comprehensive sanctions, including restrictions on the Russian central bank, export control measures, SWIFT cutoff for select banks, and closure of airspace to all Russian flights. Many of their companies have suspended their Russian operations.

  • United States
  • Moscow
  • Sergey Lavrov
  • Europe
  • International Monetary Fund
  • Russia
  • IMF
  • Germany
  • Sanctions on Russia
  • Ukraine
  • European Commission
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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