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09:29 : The electricity market will be reformed “in depth”, suggests Ursula von der Leyen, who wants to come back to the order of merit rule, which means that the price of the KWh is set by the most expensive source of production. It also wants to limit price variability within the same day.
09:28 : This was the most anticipated announcement of the day. Do not look for the word “tax” or “tax” in Ursula von der Leyen’s proposal on the “cap” of super-profits, it was necessary to convince all European countries of the merits of the proposal, including France .
09:28 : Urusla von der Leyne also announces the creation of a “task force” to think about ways to reduce the price of gas.
09:26 : The President of the European Commission proposes to cap “revenues of companies that produce electricity at low cost”and an “crisis contribution” fossil fuel producers. It hopes to release 140 billion euros. “It is difficult to accept that some profit from the war and make mega-profits on the backs of the citizens”she judges.
09:24 : She calls on the European Union to follow the example of Europeans who are adapting to the lack of energy, citing in particular ceramic factory workers in Italy “who have decided to work early in the morning to benefit from lower prices”.
09:23 : Ursula von der Leyen begins to address the energy crisis. She believes that the gas market “does not work anymore” and that Russia “manipulates” to punish Europe for its support for Ukraine: “They would rather burn their gas than send it to Europe.”
09:22 : Ursula von der Leyen has just announced that she will be going to kyiv in the afternoon. This is the third visit by the President of the European Commission to Ukraine since the start of the war.
09:19 : The head of the European executive welcomed the impact of European sanctions on the Russian economy. Six months after the Versailles summit, Vladimir Putin nevertheless prided himself on having limited the impact of the measures taken against his country. But according to our analysis, this observation is far from being realistic.
09:15 : While Ursula von der Leyen pays tribute to Ukrainian men and women, it is interesting to note that the EU is preparing a new financial aid of 5 billion euros for Kyiv. But the Twenty-Seven are struggling to agree on a new package of sanctions, in particular because of Hungary, accused of playing Moscow’s game.
09:12 : “Today, courage has a name, it is the name of Ukraine”, launches Ursula von der Leyen. She accuses Russia of leading “a war against our values” : “I am convinced that with the necessary courage and the necessary solidarity, Putin will fail, and Ukraine and Europe will prevail”.
09:12 : European Commission President Ursula von der Leyen begins her State of the EU address. She said to herself “proud” European reaction to Russia’s invasion of Ukraine. She wears a highly symbolic outfit, in the colors of the Ukrainian flag. The Ukrainian President’s wife, Olena Zelenska, is in attendance.
09:04 : The President of the European Commission Ursula von der Leyen will speak in a few minutes, in front of the European Parliament in Strasbourg, as part of her annual address on the state of the Union. It should unveil strong measures to counter the surge in energy prices, but also address the issue of the war in Ukraine. It is possible to follow the speech live, and in French, directly here or on channel 27 of your television.