The energy companies from Germany, Austria, Hungary and Slovakia prepare to comply with a new payment system for Russian gas requested by the Kremlin, threatening the unity and sanctions of the European Union (EU), the Financial Times (FT) reports, citing people with knowledge of the matter.
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“Negotiations between the utilities and Gazprom, the Russian state-controlled gas supplier, have intensified as payment deadlines approach.”
“The Italian energy company Eni, another of Gazprom’s big clients, is evaluating its options.”
“The Rome-backed company has until the end of May, when its next payment for Russian supplies is due, to make a final call.”
“The preparations show the impact of Russian efforts to weaponize gas supplies and challenge the EU’s ability to maintain a united front against Moscow.”
Source: Fx Street
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