To relieve consumers, excessive profits from energy companies in the EU are to be skimmed off and redistributed in future. EU Commission President Ursula von der Leyen announced on Wednesday in the Strasbourg European Parliament a proposed law against high energy prices, which would affect both producers of renewable electricity and gas and oil companies.
“Our proposal will bring more than 140 billion euros for the member states to cushion the emergency immediately,” said von der Leyen. According to von der Leyen, the proposed law stipulates that excessive profits from many electricity producers should be distributed to consumers in order to relieve them of the high costs.
No lifting of sanctions planned
Commission President Ursula von der Leyen also wants to fundamentally reform the European Union as a result of Russia’s war of aggression against Ukraine. In her “State of the Union Address” in Strasbourg on Wednesday, the German politician left no doubt that Ukraine would emerge victorious from the war. According to the head of the EU Commission, Russia cannot expect EU sanctions to be lifted in the foreseeable future. “I don’t want to leave any doubt that the sanctions will last,” said the German. Moscow is responsible for the fact that the Russian economy is falling behind.
Martin Selmayr, representative of the EU Commission in Austria, talks about this in the Newsroom LIVE on Wednesday.
Newsroom LIVE at 7.55 p.m. on PULS 24 and im Livestream.