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BREAKING: Italian energy giant Eni set to open rubles accounts with Gazprombank
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EU to boost Russian gas imports through countries willing to pay in rubles – media
The EU seeks to make up for a gas supply shortfall in member states that refuse to comply with Russian ruble requirement
The European Union plans to significantly increase the purchase of Russian natural gas through countries that are ready to pay for the commodity in rubles, TASS news agency reported on Wednesday citing a government source in Brussels.
“An emergency meeting of the Gas Coordinating Group took place today in view of the situation in Poland and Bulgaria. A temporary decision was made to significantly increase gas purchases from Russia through the remaining channels, which will allow Poland and Bulgaria to purchase additional volumes of gas on the European market. The EU is also working with all partners to ensure an increase in gas supplies, primarily liquefied natural gas (LNG),” the source was cited as saying.
[BBG] As the Ukraine conflict drags on, it grows harder to see how Europe can avoid imposing an energy embargo on Russian fuel imports – likely to mean even bigger energy costs in the near term, and destruction of demand elsewhere in the economy.