The settlement switch may be possible without breaching sanctions, the European Commission says European Union companies may be able to comply with Russia’s proposed system to pay for gas in rubles without falling foul of the bloc’s sanctions against Moscow, the European Commission said on Friday. At the same time, EU executives say that it is not yet clear how such a scheme would work. “The procedure for derogations from the requirements of the decree is not clear yet,” the document issued by the commission said. In March, the Russian government issued a decree requiring European energy companies to open accounts
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