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10 EU Members Open Gazprom Accounts to Pay for Gas in RUB

RUSSIA
  • Ten European gas companies have opened the accounts at Gazprombank needed to meet Russia’s demand to pay in rubles and 4 have already made payments, according to a source close to Russia gas giant Gazprom.
    • Russia offered buyers compromise payment mechanism that would have avoided EU sanctions breach
      • Poland, Bulgaria refused; payments were due Apr. 26 so supplies were cut off when they refused to pay in rubles
    • Other cutoffs won’t come immediately as next payments are due in the second half of May - bbg
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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