Europe Gives In: Energy Companies Will Pay for Russian Gas in Rubles
Prior to the companies’ agreement, most European Union nations had refused Putin’s demand for payment in rubles.
Source: nationalinterest.org
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Europe accepts Putin's demands on gas payments to avoid more shut-offs
European energy companies appear to have bent to Russian President Vladimir Putin’s demand that they purchase natural gas using an elaborate new payment system, a concession that avoids more gas shut-offs and also gives Putin a public relations victory while continuing to fund his war effort in Ukraine.
Source: stripes.com
Italy looks to demote Russia and make Algeria its top gas supplier
Getting more gas to Italy will require investment in Algeria to boost production.
Source: politico.eu
Russia's invasion of Ukraine made an Italian energy crisis much worse
Russia's invasion of Ukraine made an Italian energy crisis much worse. Italy, which gets 40% of its natural gas from Russia, is now trying to wean itself off of Russian fuel within three years.
Source: wlrn.org