SRUUF - EU energy policy - Gazprombank accounts Germany goes own way on nukes and oil

Mixed EU energy policy headlines have circulated for weeks, as the continent attempts to institute a Russian oil import ban (USO), while encouraging continued natural gas flows (UNG). Over the weekend, and Monday, EU policy makers appeared to make some progress. Policy makers have drawn up plans to allow energy companies to establish accounts with Gazprombank, while Germany plans to "go it alone" on Russian oil and nuclear energy (OTCPK:SRUUF). In late March, the Kremlin decided gas payments from "unfriendly countries" would need to be made in Rubles. A measure in violation of current EU sanctions. The Kremlin advised EU energy companies to establish Euro / USD accounts with Gazprombank, as well as separate Ruble accounts with the bank. While reports indicate the European Commission has advised energy companies to establish Euro / USD accounts with Gazprombank, no clear guidance has been given on Ruble accounts. Italian Prime Minister Mario Draghi

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EU energy policy - Gazprombank accounts, Germany goes own way on nukes and oil