Italy's Draghi Plays Down Risk of Russian Gas Supply Disruption

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Italian Prime Minister Mario Draghi said on Wednesday he was confident Moscow's demand that European buyers pay for Russian gas in roubles will not lead to a disruption of supplies, Reuters reported. The European Commission has warned that complying with Russia's scheme might breach EU sanctions, but Draghi said it was a "grey zone" with no official ruling on the matter. Speaking during a visit to the United States, Draghi said he was "quite confident" about the supply situation for "a silly reason" that there was a lack of clarity on the rules after Russia's invasion of Ukraine in February. "There is no official pronouncement of what it means to breach sanctions, nobody has ever said anything about whether roubles payments breach sanctions or not, how these payments are organised, so it's such a grey zone here," he said, speaking in English. Italy relied on Russia for 40% of its gas imports last year and has been urgently seeking to find alternative suppliers. Draghi said he believed that the largest gas importer in Germany had already paid in roubles but did not name the company he had in mind. Read more.