Italy’s energy giant Eni moves to open Russian ruble account for gas as EU warns firm

Italian energy giant Eni SpA is preparing to open ruble accounts at Gazprombank JSC, allowing it to potentially comply with Russian demands that gas must be paid for in local currency, according to people familiar with the matter.

The move is precautionary as Eni seeks more guidance from the Italian government and European authorities on whether – and under what conditions – it may use the accounts to buy Russian gas, the people said.

To know more : https://english.alarabiya.net/business/energy/2022/04/28/Italy-s-energy-giant-Eni-moves-to-open-Russian-ruble-account-for-gas-as-EU-warns-firm