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Europe Gas Prices Halt Decline as Ruble-Payment Dilemma Lingers

  • EU guidance on Russia purchases allows room for interpretation
  • Italy’s Eni to open ruble, euro accounts to keep gas flowing
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WATCH: The EU is softening its stance on Moscow, giving companies the green light to keep buying Russian gas. David Stringer reports.Source: Bloomberg
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Natural gas prices halted two days of losses, following signals from the European Union that payment for Russian supplies in rubles would constitute a breach of sanctions. 

Benchmark Dutch front-month futures settled 1.4% higher at 94.18 euros per megawatt-hour after fluctuating between larger gains and losses earlier in the day. The UK equivalent rose 7.5%.