In a move aimed at stabilizing European energy markets, Russian President Vladimir Putin has scrapped the requirement for natural gas payments to be processed exclusively through the sanctioned Gazprombank. European buyers can now settle payments via other banks, a significant shift that briefly calmed markets, with European gas benchmark prices dropping by 2.3%. The decision comes amid heightened tensions after the U.S. sanctioned Gazprombank last month as part of broader measures against Moscow for its ongoing war in Ukraine. The market became…
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