Eni Hasn’t Opened Ruble Account to Pay for Russian Gas
- Company will comply with EU demands, existing contract terms
- Putin demanded that European customers pay for gas in rubles
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Eni SpA hasn’t submitted to Russian demands that customers pay for natural gas using rubles, and the company said it will comply with European Union rules and the terms of its current contract.
After suffering months of punishing sanctions, President Vladimir Putin is using gas exports as a powerful tool to impose some economic pain on Europe. His demand that customers in the region pay for gas in rubles, and the decision to cut shipments to two countries that refused to do so, threatens to fracture the EU’s unity.