Gas Price Further Down Due to EU Plan for Payments…

The European gas price fell again on Monday. The European Union's plan to provide energy companies with a way to pay for Russian natural gas without violating sanctions has relieved buyers of Russian gas. The European Commission plans to give buyers new guidelines on paying for gas. This will meet President Vladimir Putin's demands while avoiding violations of sanctions imposed by Brussels in response to Russia's invasion of Ukraine. Russia demands that companies pay in rubles to support its own currency. So, for example, to buy Russian gas, customers have to open two accounts with Gazprombank, one in euros or dollars and one in…

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