“I firmly believe that it is now time for a price cap on Russian pipeline gas exported to Europe”, said European Commission President Ursula von der Leyen on Friday 2 September, speaking to the press during a recess of the executive board of the German CDU/CSU parliamentary group. The President is therefore paving the way for EU sanctions on Russian gas, following those adopted on coal and oil. Ms von der Leyen also argued for using “some of the excessive profits that electricity...