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Energy crisis: 15 countries call for EU price cap on all gas imports

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Energy crisis: 15 countries call for EU price cap on all gas imports

The European Union should impose a broad value cap on all gasoline imports getting into the bloc as a way to carry hovering power payments below management, a bunch of 15 member states has stated in a joint letter.

“The worth cap (…) is the one measure that can assist each member state to mitigate the inflationary strain, handle expectations and supply a framework in case of potential provide disruptions, and restrict the additional earnings within the sector,” the letter stated. “This cover is the precedence.”

The doc, seen by Euronews, marks the primary time the supporters of the gasoline cap be a part of forces in an on-the-record declaration of intent.

It was signed by Belgium, Bulgaria, Croatia, France, Greece, Italy, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia, Slovenia and Spain, and despatched on Tuesday night to European Commissioner for Power Kadri Simson.

The doc comes within the lead-up to Friday’s assembly of EU power ministers, who’re anticipated to endorse an preliminary bundle of three emergency measures.

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The requires an EU-wide value cap on gasoline imports have gained traction in latest weeks after the record-breaking costs in August reached an all-time excessive of €346 per megawatt-hour.

Costs regularly decreased since that peak and at present hover just under the €200 mark — virtually 5 instances the degrees a yr in the past.

The international locations supporting the transfer imagine the EU — utilizing its leverage because the world’s largest single market — ought to impose a restrict on the worth it’s keen to pay for gasoline imports.

The bloc’s tight power market, which suffers from a supply-demand mismatch, is seeing increased charges than its Asian and American counterparts.

As the costliest gasoline to satisfy all energy calls for, gasoline units the ultimate value of electrical energy, even the place cheaper and greener sources contribute to the entire combine.

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By capping gasoline costs, electrical energy payments may very well be artificially contained, the signatories imagine.

“The power disaster that began final fall has gotten worse over time and is now inflicting untenable inflationary pressures that are hitting our households and our companies arduous,” the letter says.

Germany opposes gasoline cap as European Fee exhibits hesitance

The 15 international locations urged the European Fee to place ahead an preliminary proposal for the gasoline cap at Friday’s ministerial assembly and later develop a proper authorized textual content for negotiation and approval.

But, the European Fee is hesitant concerning the EU-wide gasoline cap and continues to be finding out its potential dangers.

The chief fears the unprecedented measure may scare shippers away at a time when the bloc is desperately on the lookout for non-Russian provides, significantly of liquefied pure gasoline (LNG), to make it by the winter with out main blackouts or rationing.

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Competitors for LNG tankers is predicted to warmth up as soon as temperatures start falling and will improve even additional if the Chinese language financial system picks up after a slowdown interval.

Germany, the EU’s largest gasoline client, has raised related considerations and stays opposed.

“For those who introduce a value cap, because the EU unilaterally, and all the opposite shoppers around the globe do not do it, then the gasoline will go to different shoppers and thus we would have a scarcity in gasoline provides,” Germany’s Minister of State for Europe and Local weather Anna Lührmann stated final week.

Norway, which this yr changed Russia because the EU’s main gasoline provider, has stated it’s open to discussing decrease charges however is “sceptical” a couple of large ceiling.

Up to now, the European Fee has solely recommended a value cap on Russian pipeline gasoline as a way to deprive the Kremlin of revenues that may be presumably funnelled into the continuing full-scale invasion of Ukraine that has confirmed to be very expensive for Moscow to this point. 

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“The method in the direction of Russia and different companions needs to be totally different,” Commissioner Simson instructed Euronews final week.

Worth restrict not meant to focus on Moscow completely, letter says

However of their joint name, the 15 international locations unambiguously rejected the concept of a value restrict completely designed towards Russian gasoline. 

In flip, their proposal is indiscriminate, focusing on all gasoline imports regardless of geographical origin.

“The cap ought to be utilized to all wholesale pure gasoline transactions, and never restricted to import from particular jurisdictions,” the letter says.

“It may be designed in such a manner as to make sure safety of provide and the free stream of gasoline inside Europe, whereas attaining our shared goal to scale back gasoline demand.”

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The one-page letter doesn’t present technical particulars, similar to how excessive the cap ought to be.

It’s understood, nonetheless, that the cap must be by some means increased than the worth paid in Asian and American markets as a way to guarantee Europe stays a sexy vacation spot.

As a market instrument, the gasoline cap would require a certified majority of member states to be accepted and launched.

As issues stand now, the 15 signatories would fall wanting the mandatory votes, though they might recruit some international locations which might be seen as undecided, similar to Sweden, Eire and Cyprus.

The endorsement of coastal international locations similar to Spain, Italy, France and Belgium is essential as a result of they’re those who obtain nearly all of LNG imports.

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The Czech Republic — the present holder of the EU Council’s rotating presidency — didn’t add its identify to the letter to take care of its place of neutral moderator.

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The toll of Beijing's security law on Hong Kong's activists

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The toll of Beijing's security law on Hong Kong's activists

HONG KONG (AP) — Activist Chan Po-ying is permitted only 15-minute daily visits to see her husband, Leung Kwok-hung, separated by a plexiglass barrier in a highly guarded Hong Kong jail.

Leung, 68, is one of 47 activists who were prosecuted in the largest national security law case to date in the former British colony. Most of them have been separated from their loved ones for years, uncertain when they might reunite. On Thursday, 16 activists who pleaded not guilty — including Leung — will begin hearing their verdict.

The government had warned there might be legal consequences, but Chan didn’t stop former pro-democracy legislator Leung from participating in an unofficial 2020 primary election that would lead to his prosecution under a national security law that Beijing imposed on the semi-autonomous city.

“Maybe we were too naive,” Chan, 68, said with a laugh.

Charged with conspiracy to commit subversion, Leung and other defendants are accused of attempting to paralyze Hong Kong’s government and topple the city’s leader by securing the legislative majority necessary to veto budgets. The charge carries a maximum sentence of life imprisonment. Those who pleaded guilty have a better chance at shorter prison terms and will be sentenced at a later date.

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“I guess almost none can be acquitted,” said Chan, who chairs the League of Social Democrats, one of the city’s few remaining pro-democracy parties. “I am not optimistic. But I also hope someone can get away from it.”

ACTIVISM IN HONG KONG

Chan was part of a wave of youth activism spreading through Hong Kong when she met Leung in a Marxist group around 1975, when the city was still under British rule.

At first, Chan viewed Leung as a “troublesome guy,” being adamant about winning every debate. Despite this, they fell in love, and their bond transcended mere romance, Chan said; they are “comrades-in-arms.”

A 2005 protest solidified their bond. The two were some of the only Hong Kongers who stayed steadfast with the overseas demonstrators, even after police deployed tear gas and threatened arrest.

“Among those who stood with us in our youth, only the two of us stayed at the site,” she said.

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Activism in Hong Kong reached a peak in 2014 with the so-called Umbrella Movement, in which demonstrators used umbrellas to fend off police pepper spray in a nearly 80-day face-off. When Beijing didn’t budge, some young activists began advocating for Hong Kong’s independence.

Suppression was swift. Several pro-independence activists were blocked from joining elections, and in 2018, Hong Kong authorities banned a small pro-independence party.

Ventus Lau was among those caught in the crackdown. He was barred from running in an election in 2018, even though he renounced his pro-independence stance. But that didn’t deter him from becoming more politically active, helping organize protests in 2019 that saw generations of Hong Kongers rallying against a now-withdrawn bill that would have allowed people in the city to be extradited to mainland China.

The largest protest drew an estimated 2 million people — more than a quarter of the city’s population.

Lau, now 30, is one of the defendants who decided to plead guilty in the subversion case related to the 2020 primary. Emilia Wong, a 29-year-old feminist influencer and longtime girlfriend of Lau, supported his activism.

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In those years after the Umbrella Movement was stifled, Wong remembered feeling hopeful for a more democratic Hong Kong, despite the somber mood in the city.

“2019 represented a peak of such hopes,” she said. But the high hopes were short-lived.

THE PRIMARY VOTE AND THE CLAMPDOWN

As protests waned due to mass arrests and COVID-19 restrictions, Beijing intensified its control. On June 30, 2020, the sweeping national security law was imposed. Both the Chinese and Hong Kong governments deemed it necessary to restore the city’s stability. Several political groups dissolved on the same day.

Just a week later, a city official warned that the pro-democracy primaries might violate the security law. They held the vote anyway, resulting in an unexpectedly high turnout of 610,000.

The poll, organized within the pro-democracy camp, was meant to shortlist candidates who would then run in the official election for the legislature, typically dominated by the pro-Beijing camp. They hoped that, with a legislative majority, the government would listen to their demands.

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But things didn’t go as planned.

After the primary, Beijing said the vote challenged the security law that critics argue has been broadly applied to anything the government claims could threaten stability.

When police officers arrived at Wong’s home in January 2021 to arrest Lau for participating in the election, she recalled, “It felt so absurd that I had to laugh.”

That month, over 50 former lawmakers and democracy proponents were arrested under the national security law. Authorities accused them of planning to get enough people into office to indiscriminately veto budgets, grinding governmental functions to a halt, and to force the city leader to step down.

Of those arrested, 47 were charged and brought to court for days of bail hearings, during which time some were hospitalized due to fatigue and others weren’t able to shower for days. Most of the defendants were denied bail.

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LIVES UPENDED

After Lau was taken into custody, Wong devoted her time to arranging food and book deliveries for him, handling media interviews about the case, organizing visits from his friends, and assisting him with his application to restart university studies while detained.

Each day left Wong feeling utterly drained as she also grappled with the shock of Lau’s prosecution. One day, upon receiving clothes worn by Lau during his detention that still carried his scent, she burst into tears.

“It was a blow to me, specifically to my personal vision of Hong Kong,” she said.

Even for veteran activists like Chan, the situation was painful. To her, 2021 was suffocating. After Leung was denied bail, Chan would find herself crying without any particular reason during her commutes.

Months after the 47 activists were prosecuted, arrests of top management at Apple Daily and Stand News — prominent media outlets known for their critical reports on the government — forced them to shut down. Dozens of civil society groups disbanded. Some of Chan’s League of Social Democrats members were also jailed.

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That year, Chan wondered daily what would happen next. “I felt lonely, but I had to handle so many things,” she said.

LIFE IN DETENTION

To maintain their relationship between the limited visits, Lau has been writing Wong a letter every day since 2021, sometimes penning Canto-pop song lyrics to express his love. In return, Wong dedicated a love song to Lau on the radio for his birthday.

To Wong, staying with Lau is a natural choice. Lau signed an agreement granting her control over his affairs — a document she described as more powerful than a marriage certificate. She said she would do her best to support him.

Even behind bars, Wong said, Lau drives her to become a better person — when he picked up his reading pace, Wong followed suit. In turn, Wong offered critiques of Lau’s lyrics. Lau pursued his translation degree and Wong became a regular at the gym.

“I’m not just standing still waiting; I’ve been running all along, and so has he,” she said.

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Chan said life in detention has left Leung visibly thinner and downhearted. Despite their fiery temperaments, Leung sometimes avoids arguments during their brief visits.

“He cherishes our 15 minutes together,” Chan said. “But I also feel very upset because this isn’t the real him.”

In the most optimistic scenario, it might take three to four more years to see Leung free again, Chan said. In the meantime, she continues to organize small-scale street demonstrations, despite the threat of the new national security law that critics fear will further constrict civil liberties.

Chan knows her actions might not make a significant impact, but she says persistence in their respective roles is still meaningful.

“It’s not like nothing has been achieved,” she said.

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Ukraine's Zelenskyy is expected in Normandy for commemorations of 80 years since D-Day, Macron says

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Ukraine's Zelenskyy is expected in Normandy for commemorations of 80 years since D-Day, Macron says

French President Emmanuel Macron said Tuesday he will greet Ukrainian President Volodymyr Zelenskyy along with other world leaders in Normandy for the 80th anniversary commemorations of D-Day.

President Joe Biden is also scheduled to attend this year’s commemorations of the landings that led to the liberation of France and Europe from Nazi Germany’s occupation.

BIDEN MISSING UPCOMING UKRAINE TALKS WOULD BE ‘APPLAUDED’ BY PUTIN, ZELENSKYY SAYS

Dozens of World War II veterans are expected to return, many perhaps for the last time, to Normandy’s beaches.

French President Emmanuel Macron shows a map during a press conference at the German government guest house in Meseberg, north of Berlin, Germany, Tuesday, May 28, 2024. (AP Photo/Ebrahim Noroozi)

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An international ceremony at Omaha Beach will honor the nearly 160,000 troops from Britain, the United States, Canada and other nations that landed in Normandy on June 6, 1944.

Macron said during a visit to Meseberg, Germany, on Tuesday that he will elaborate on Paris’ support for Ukraine next week, when Zelenskyy visits for the D-Day events.

France will “do whatever is necessary for as long as it is necessary” to support Ukraine, he said.

Canada’s Prime Minister Justin Trudeau is also to attend the D-Day commemorations.

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Britain’s King Charles III, who continues to be treated for cancer, also plans to travel to France for the British ceremonies, while skipping the international ceremony. The Prince of Wales will instead stand in for the king at Omaha Beach.

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Former spy chief expected to be new prime minister of the Netherlands

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Former spy chief expected to be new prime minister of the Netherlands

It has taken months of post-election negotiations to form a right-wing government.

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A former spy chief was tipped as the new Prime Minister of the Netherlands.

Former head of the Dutch spy agency and counter-terrorism office Dick Schoof was tipped on Tuesday to become the nation’s new Prime Minister.

The 67-year-old will lead a coalition dominated by Geert Wilders’ radical right-wing Freedom Party.

The coalition is also made up of the centre-right People’s Party for Freedom and Democracy, centrist New Social Contract and the Farmer-Citizen Movement.

Schoof is currently the top civil servant at the Ministry of Security and Justice.

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Wilders congratulated him in a post on X, saying he “has a great track record, is non-partisan and therefore above the parites, has integrity and is also very likeable.”

Anti-Islam firebrand Wilders, who topped the polls in last year’s elections, struck a deal with the other party leaders earlier this month – capping months of negotiations that left it unclear who would become the new Dutch prime minister.

The new agreement, framed with the slogan “Hope, courage and pride”, includes plans to impose strict measures on asylum seekers, scrap family reunification for refugees and reduce the number of international students studying in the country.

At one point, the 26-page document says the government will seek to “deport people without a valid residence permit as much as possible, even forcibly”.

Wilders’s preferred candidate for prime minister withdrew last week following allegations he had been involved in medical patent fraud.

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