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April 29, 2022

European Energy Companies Agree to Pay for Russian Gas in Rubles
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The German and Austrian energy companies Uniper and OMV say they've
agreed to Russia's demands that purchasers of Russian oil and gas open
accounts in a Russian bank and pay in rubles. The Italian energy giant
Eni is also reportedly in talks to make ruble payments for Russian gas.
Earlier this week, the EU accused Russia of "blackmail" after it shut
off gas supplies to Poland and Bulgaria, which had refused to pay in
rubles. The Russian state-controlled firm Gazprom continues to supply
Europe with about 40% of the natural gas it consumes.


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