The payment of Russian gas in rubles means a breach of existing agreements, and if Russia decides to suspend deliveries, then the European Union is ready to deal with the situation, said the European Commissioner for economy, Paolo Gentiloni, who attended a conference organized by The Economist in Bucharest on Tuesday.Asked if the EU is ready to pay for gas in rubles, as Russia demands, and if Europe is ready to deal with the situation in which Russia cuts off gas supplies to Europe, the European official said he does not know what to expect from Russia, but paying in rubles would be a breach of existing agreements.Secondly, are we ready to take a stand on dependence on Russia? Of course we're ready. We decided to do that, and the war was a wake-up call, but we can't do anything quickly without sacrifice. Are we ready to make these sacrifices? Definitely yes. We do not put energy sanctions on the table, but if there is such decision [from Russia to cut off deliveries - editor's note], we are ready to deal it them and we can do so with a strong effort, and we will continue in any way to reduce our energy dependence on Russia, the European official said.Russia has warned that it will not supply gas to European countries if they refuse to pay in rubles, as requested by Moscow, EFE and TASS report.Moscow's decision has raised concerns in the West, where several countries have said they are unwilling to buy gas and oil if payment is to be made in Russian rubles.
During the past years and increasingly in the last months, Romania was subject to a sustained campaign of manipulation and informational interference of foreign origin aimed at influencing the country's public opinion and, more recently, its elections, according to a Romanian Foreign Ministry note. This campaign is still ongoing and has all the hallmarks of […]
There was no retail project completion in Q1 in Romania, but the delivery pace significantly picked up in April and May, when roughly 150,000 sqm of new schemes opened (including one super-regional shopping center – Mall Moldova – in Iasi). This area represents 80% of the entire 2024 new supply, according to data from real […]
DN AGRAR Group (BVB: DN), Romania's largest integrated livestock farm and leading producer of cow milk, closed the first quarter of 2025 with a turnover of RON 51 million (EUR 10 million), an increase of approximately 27% compared to the same period last year. The growth was fueled by an increase in both the volume […]
Romania may commission power generation units with a total capacity of 2.5 GW this year, twice the figure last year, minister of energy Sebastian Burduja said during a conference on May 22, according to Economica.net. Among the generation units to come online this year, Burduja outlined...
Romania’s Treasury sold RON 1.2 billion (EUR 240 million) worth of bonds denominated in local currency and in euros under the fourth issue of the Fidelis scheme aimed at households this year. More than half of the money was raised with the 1-year RON-denominated bonds with a 6.75% coupon (RON 430 million) and the 7-year […]
Romania hopes to submit the fourth disbursement request under the Resilience Facility (RRF) in July, after the revised RRF plan for Romania (PNRR) is endorsed by the European Commission, and to submit another two disbursement requests (out of the four left) by the end of 2026 when the Facility ends, according to the minister of […]
