Italy Calls for Clarity on Putin’s Ruble Order as Gas Bills Loom
- Next tranche of funds for gas to be transferred later in May
- Rome has sought alternative supplies to cut ties with Moscow
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Italy renewed its call on the European Union to provide more detailed guidance on how natural gas buyers can pay for Russian supply without breaching sanctions.
Governments across Europe want clarity from the EU on what companies can and can’t do under sanctions rules to address Russia’s demands for gas payments in rubles. With the next tranche of funds due to be transferred later this month, there’s mounting concern that failure to meet Vladimir Putin’s terms could prompt Moscow to cut off supplies to more countries.