All articles tagged with #gas payments
European energy companies Eni and Repsol are struggling to recover $6 billion in gas payments from Venezuela due to US sanctions and policy restrictions, leading to ongoing supply without payment and unresolved debts, amid limited US government support for resolving the issue.
The Russian rouble strengthened past 100 to the U.S. dollar after President Putin's decree allowed European buyers of Russian gas to use alternative banks for currency conversion, bypassing sanctions on Gazprombank. This move has helped stabilize the rouble, which had been weakened by U.S. sanctions, and is expected to continue improving as foreign trade participants find new ways to settle accounts.