Breaking news of the day, May 16

The European Commission explained the scheme of paying for gas to Russia without violating sanctions The document was reviewed by Bloomberg and Reuters. It says that the sanctions do not prohibit opening an account with Gazprombank and companies can pay for Russian gas if it is done in the currency specified in the contract. After payment in euros or dollars, fuel purchasing firms must make a “clear statement” that payment has been made and they consider their obligations fulfilled.

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