(Bloomberg) -- Germany plans to bring back coal- and oil-fired power plants should Russia cut off natural gas shipments to Europe’s largest economy.Most Read from BloombergSocial Media Stocks Sink to Erase $160 Billion on Snap WarningS&P 500 Pares Drop Amid Gains in Defensive Shares: Markets WrapBroadcom in Talks to Acquire Cloud Company VMwareBiden’s Latest Taiwan Gaffe Stokes Tensions With BeijingStocks Climb in Risk-On Day While Bonds Decline: Markets WrapEconomy Minister Robert Habeck will o
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FRANKFURT/LEUNA, Germany (Reuters) -RWE has opened an account in Russia to pay for gas in euros, a spokesperson for Germany's largest power producer said, preparing to meet Moscow's demands for a new payment scheme ahead of a closely-watched deadline later this month. Germany's economy minister Robert Habeck also sounded an optimistic note, saying the new method, which has led to confusion among European gas buyers and raised concerns about possible supply disruptions, would not cause any problems. Like peer Uniper, RWE must make a payment for Russian gas by the end of May.