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Free AccessItaly's ENI Set to Open Rubles Account
Italian energy group Eni will begin the process of opening an account in rubles according to Reuters.
- Eni’s deadline for paying Gazprom for gas supplies is May 20 or risk being cut off. European countries are fearful of such actions after Poland and Bulgaria were cut off at the end of April.
- The EU has not clarified to companies whether paying for Russian gas in rubles is a breach of sanctions.
- Italian Prime Minster has referred to the issue as a “grey zone” this week.
- Italy is heavily reliant on Russia for domestic gas supplies.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.