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May 17 5 tweets 3 min read
Eni: Has Started Procedure to Open Account with Gazprom Bank. Procedure Will Be Without Acceptance of Contractual Amendments Unilaterally Requested. In Porcess of Opening Two K Current Accounts at Gazprom Bank on Precautionary Basis, One in Euros, One in Roubles.
#ONGT #natgas
Eni: Decision Has Been Shared with the Italian Institutions in Compliance with Current International Sanctions Framework. Gazprom Export, Russian Authorities Have Confirmed Invoicing, Payment Will Continue in Euros.
#ONGT #natgas
Eni: Moscow Stock Exchange Will Carry out Conversion into Roubles, Without Involvement of Central Bank of Russia.
#ONGT #natgas
Eni Says Payments in This Way Should Be Neutral in Terms of Both Cost and Risk, and Not Incompatible with Existing Sanctions.
#ONGT #natgas
Eni: Procedure Will Not Expose Co to Risk of Violating Contractual Obligations or to Any Potential Supply Disruption to Customers. Reaffirm Intention to Comply with Any Possible Future Regulatory Provision That May Sanction Gas Trading or Its Current Counterparties.
#ONGT #natgas

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More from @Sino_Market

May 18
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ECB’s Knot: 25 bps rate hike in July is realistic. 50 bps rate hike should not be excluded if data in next few months suggests that inflation is broadening, accumulating.
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