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Eni Moves to Open Ruble Accounts as EU’s Unity Starts to Fray

  • Four European gas buyers have already paid in rubles
  • EU member states are seeking more clarity from bloc on rules
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WATCH: Some gas buyers are seeking workarounds to sidestep EU warnings not to bend to Russia’s demands.Source: Bloomberg
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Italian energy giant Eni SpA is preparing to open ruble accounts at Gazprombank JSC, the latest sign that Europe’s united front against Moscow is splintering. 

Eni’s move, which would potentially allow it to comply with Vladimir Putin’s demand that gas must now be bought in local currency, is a precautionary measure, according to people familiar with the matter.