The Gas To Italy Will Flow Again, Gazprom Has Decided To Resume Deliveries

Russian state-owned energy giant, Gazprom, said in a statement on Wednesday, “we have resumed gas supplies to Italy via Austria.”

“We have found a solution to resume gas supplies to Italy,” Gazprom said.

Meanwhile, Russian media outlets report that President Vladimir Putin has formally signed the law annexing four Ukrainian regions.

Market reaction

The euro caught a fresh bid wave on gas supplies optimism, driving EUR/USD back towards parity. The spot is currently trading at 0.9985, modestly flat on the day.