Four European gas buyers made ruble payments to Russia – Times of India

NEW DELHI: 4 European gasoline consumers have already paid for provides in rubles as President Vladimir Putin demanded, based on an individual near Russian gasoline large Gazprom PJSC.
Even when the opposite consumers reject the Kremlin’s phrases, extra cutoffs after the halt in gasoline flows to Poland and Bulgaria Wednesday aren’t seemingly till the second half of Might when the following funds are due, the particular person stated, talking on situation of anonymity to debate confidential issues.
Ten European corporations have already opened the accounts at Gazprombank wanted to fulfill Russia’s cost calls for, the particular person stated.
Provides to Poland and Bulgaria have been lower off after they refused Gazprom’s proposed mechanism for ruble funds, which the gasoline large says doesn’t violate European Union sanctions, based on the particular person. Russia provides gasoline by way of pipelines to 23 European nations.
After the EU imposed sanctions on Russia over its invasion of Ukraine, Moscow demanded that it’s paid in rubles for shipments beginning April 1. However the bloc instructed member states that the mechanism the Kremlin proposed, which required opening euro and ruble accounts with state-controlled Gazprombank, would violate the sanctions.

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