Home » Eni, Descalzi: “We will not pay Russian gas in rubles”

Eni, Descalzi: “We will not pay Russian gas in rubles”

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Eni, Descalzi: “We will not pay Russian gas in rubles”

MILAN – Eni will not pay for Russian gas in rubles. The CEO of the company said so Claudio Descalzi in a panel in Dubai, according to Bloomberg. “Eni will not pay Russian gas in rubles”. “Eni has no rubles; the contracts provide for the payment of fuel in euros and the contracts should be modified to change the terms”, he later said, underlining that “Europe should look to Africa for more gas supplies”.

“Russia’s request to export its natural gas to be paid in rubles is a problem for the energy markets because it is causing price volatility and it is very difficult to pay for that currency,” Descalzi later said, according to Bloomberg reports. that: “Europe does not have its own energy resources and does not have sufficient LNG regasification capacity to meet the demand”, “Europe – he concluded – is an empty box when it comes to energy”.

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Descalzi’s clarification comes after Russian President Putin announced last week that Moscow will only accept payments in rubles for its gas, regardless of the currency stipulated in the contracts. A move that had helped to raise the prices of the ruble, which fell close to the outbreak of the war.

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Putin asks for a report on the gas payment in rubles

Intabnto by March 31, Russian President Vladimir Putin expects a report from the Cabinet of Ministers, the Russian Central Bank and Gazprom on the implementation of the currency exchange in rubles for the payment of gas supplies from “hostile countries”. This was reported by the press service of the Kremlin, as reported by Ria Novosti.
“The government of the Russian Federation, together with the Bank of Russia and the Gazprom joint stock company, should implement a series of measures to change the currency of payment for natural gas supplies to EU countries and other countries that have introduced measures restrictive to citizens of the Russian Federation and Russian legal entities, to the Russian ruble. Report – March 31, 2022, then monthly “, is what the press service of the Kremlin said.

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