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Italy Pulls Ahead in Europe’s Rush to Cut Russia-Gas Ties

  • Country is now less reliant than Germany on Russian imports
  • Draghi to visit Algeria next week to shore up economic ties
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Nearly five months after Russia’s invasion of Ukraine sparked a global energy crisis, Italy is pulling ahead in reducing its dependency on Moscow. 

The country has cut its reliance on Russian gas imports to 25%, from about 40% at the start of the year. By contrast, Germany -- Europe’s largest economy -- still imports roughly 35% of its gas needs from Russia.