Kremlin intends to rip off Russians' compensation for EU sanctions: gas prices will rise

Russia will lose $40 billion due to EU energy sanctions. This money will be compensated by the people - the Kremlin intends to oblige businesses to buy a fixed amount of gas and pay for it even if they do not use it. In addition, prices for the population will be raised to market levels.

Orest Sohar, chief editor of OBOZREVATEL, announced this on his Telegram channel Orestocracy. He noted that Russians will have to pay 4 times more for gas to compensate for the "crazy losses".

"Prices across the country will be raised to market levels, even for the entire 'strong' electorate. ... Every Russian will have to pay an additional $300 a year. For a family of four, this is already $1,200," the report says.

At the same time, it is emphasised that the Beijing agreements "do not even come close to compensating" for Russia's losses due to the EU energy ban. Which, only according to official figures, amount to $40 billion.

"The terms of the 30-year gas contract between Moscow and Beijing are classified, but this information can be obtained from Chinese customs data. It turns out that the Communists buy natural gas 3-5 times cheaper than the EU," the article says. Thus, it is noted:

• China pays Russia for gas at about $195 per thousand cubic metres, "though sometimes the price goes up to $290 (in case of market fluctuations)";
• in long-term contracts with EU countries, the price was at $1,000, while the spot price (buy now) reached $3,000.

"Russia has lost the gas war in Europe. Now all the 'Great Russians' will pay for it. ... The Kremlin is gradually teaching its compatriots that they should pay for their imperial beliefs, as well as for the right to live in a 'great power'. The Rashists will receive another cheque for the EU's energy independence from Gazprom," the author concludes.

As reported by OBOZREVATEL, meanwhile, the Group of Seven (G7) countries are unlikely to revise the price ceiling for Russian oil this week (which started on March 20). This is despite the fact that Russia is currently selling the resource well below the current threshold of $60.

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