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EU member states won’t pay for Russian gas in rubles, the European Commission said on Tuesday, rejecting Moscow’s March 31 deadline for switching payment mechanisms. The announcement comes a day after a similar response from the G7 nations.

Japan has approved a new round of sanctions on Russia over the Ukraine conflict, its foreign ministry announced on Friday. Tokyo has banned trade with an additional 29 Russian entities, according to a ministry press release. 12 individuals, including an executive at an arms manufacturer, seven organizations, and a bank have also been added to Japan’s asset-freeze…