Germany, Italy agree to Russian gas payments after Brussels approval – sources

A model of a natural gas pipeline shows in front of the projected floor the colors of the flag of the European Union and Russia in this illustration taken on March 8, 2022. REUTERS / Dado Ruvic / Illustration Register now to get free unlimited access to Reuters.com Register Some EU countries refuse to comply … Read more

“I do not see the light”: War fuel prices are rising in Europe

Milan (AFP) – Edoardo Ronzoni inspects a construction site near Milan that he closed in March as material costs soared. Cannot complete a semi-circle built at an intersection known for fender flares because asphalt, cast iron pipes and concrete are very expensive – prices have been exacerbated by the Russian war in Ukraine. Public works … Read more

The European Union rushes to draw up a $300 billion roadmap to get rid of Russian energy

Brussels (AFP) – The European Union’s executive arm moved on Wednesday to move the 27-nation bloc’s plans to ditch Russian energy amid the Kremlin’s war in Ukraine.By proposing a package worth about 300 billion euros ($315 billion) that would include more efficient use of fuels and a faster roll out of renewable energy. The European … Read more

Russian gas: Europe is still confused about how to pay its bills

London CNN Business – Europe cannot decide how to pay Russia natural gas The imports that continue to feed homes, businesses and power plants. The confusion centers around the logistics of the payments themselves. Many European gas buyers are preparing to beat the Kremlin’s demand by paying gas bills in rubles, rather than in euros … Read more