Four European Gas Buyers Made Ruble Payments to Russia

20 comments
  1. – Person close to Gazprom says 10 buyers opened ruble accounts

    – No more cutoffs seen until next ruble payments due in May

    Four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded, according to a person close to Russian gas giant Gazprom PJSC.

    Even if the other buyers reject the Kremlin’s terms, more cutoffs after the halt in gas flows to Poland and Bulgaria Wednesday aren’t likely until the second half of May when the next payments are due, the person said, speaking on condition of anonymity to discuss confidential matters.

    Ten European companies have already opened the accounts at Gazprombank needed to meet Russia’s payment demands, the person said.

    Supplies to Poland and Bulgaria were cut off after they refused Gazprom’s proposed mechanism for ruble payments, which the gas giant says does not violate European Union sanctions, according to the person. Russia supplies gas via pipelines to 23 European countries.

    After the EU imposed sanctions on Russia over its invasion of Ukraine, Moscow demanded that it be paid in rubles for shipments starting April 1. But the bloc told member states that the mechanism the Kremlin proposed, which required opening euro and ruble accounts with state-controlled Gazprombank, would violate the sanctions.

  2. Ptuin wants to divide Europe. He wants Europeans to discriminate each other. He wants some nations get gas and some not, which would be start of division.

    Europe has to answer division and discrimination threats accordingly and with all seriousness.

  3. This is actually wrong. Opening an account does not mean the account is actually in Rubel. The mentioned bank here is actually located with branches in Europe which means the main currency on all of them is the currency used in that country. This article refers to the actual situation that the Gazprom Bank is responsible for the actual exchange into Rubel while payments are being made in the contracts agreed currency. Of course the Russian side tries to create an outside view as if payments are made in Rubel as demanded – which they are not as there is not even enough Rubel on the market that could be used to pay with.

  4. If the *only* source you have is an anonymous “person close to Gazprom” it is irresponsible and frankly shit journalism by Bloomberg to use this headline. Useful idiots.

  5. Austria and Germany are ready to buy Russian gas in Rubles. Are they in Eurozone or in Rublezone?

  6. When tiny, poor Bulgaria has bigger balls than you, you have to start asking yourself questions.

    (Assuming what is written is true)

  7. Name the countries or we can’t believe this. Russia already accessed Austria, but they denied it.

    Seems like fake news designed to split the EU, unless we get names.

  8. 100% theily paid in euros and he is trying to push it, and even if they paid in rubles, they’re not the invaders.

  9. It sounds like a situation where someone farted quietly in the bus and the passengers are suspicious of each other.

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