EU Gives OK To Pay For Russian Gas In Rubles

The EU has put an end to the lingering ambiguity surrounding how EU members can pay for Russian gas without violating sanctions. Russia has demanded that countries pay for its gas in rubles, although European governments have struggled to find a way to oblige Russia while not running afoul of sanctions.

Further complicating matters—until now—was the EU’s lack of clarification on whether such an arrangement would violate the current sanctions. On Friday, Germany and Italy both told companies that they could open up rubles accounts…