EU Presses to Maintain Unity Over Putin’s Rubles-for-Gas Demand

  • ‘Speed is of importance here,’ Irish minister Ryan says
  • Bloc this week will debate proposal to gradually ban oil

Oil pumping jacks in the Republic of Bashkortostan, Russia.

Source: Bloomberg

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European Union energy ministers tried to project a united front Monday in rejecting Russia’s demands to buy gas in rubles as the bloc tries to prevent Vladimir Putin from sowing divisions in the bloc.

Despite signs that at least one member state, Hungary, may accede to Moscow’s ruble demands, ministers said the EU will find a way to stick together.