EU utility pain worsens as Russian gas jumps most in 7 years
The International Monetary Fund reports that rates for Russian fuel at the German border made a big jump last month and analysts say that they may increase even further.
BY ELENA MAZNEVA, BLOOMBERG
Rates for Russian fuel at the German border last month jumped the most in seven years, extending their gain since September to almost 50 percent, according to the International Monetary Fund. The price of fuel from Moscow-based Gazprom PJSC may increase further even as prices on traded hubs decline, according to analysts including Deutsche Bank AG.
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