6/16, 7:10 PM (Source: TeleTrader)
more TeleTrader news

Draghi: Russian gas cuts are politically motivated

Italian Prime Minister Mario Draghi expressed his doubts on Thursday regarding the true nature of the cuts in gas supplies, which affect all European countries.

According to his statement, Italy and Germany believe Russia's explanation that the gas cuts are the result of a technical malfunction of the equipment that cannot be replaced due to sanctions is not true. In his opinion, the real reason for the gas transfer decrease has a political background, same as in the case of wheat exports.

Earlier today, Russian state energy company PJSC Gazprom announced that the gas transfer to Italian energy company Eni S.p.A. will be reduced to 65% of its initially requested volume.

Baha Breaking News (BBN) / TB