Four EU buyers made gas payments in rubles – media

Must read

Wealthy Americans are flocking to Florida at four times the rate of any other state

Known for offbeat felonies, media headline star “Florida man,” swampy weather, Disney adults, and Trump’s recently raided home, Mar-a-Lago, Florida doesn’t always get...

Video Shows Hundreds Of Mostly Single Adults Crossing Border In Texas In One Day

Video captured over the weekend shows upwards of 700 illegal immigrants, most of whom appear to be single...

Media Admits Unelected Bureaucrats In Intelligence Withheld Information From Democratically-Elected Commander-in-Chief

It’s been a week since the FBI conducted a dramatic raid on former President Donald Trump’s Mar-a-Lago estate....

Four European countries have already made gas payments to Russia using Moscow’s new ruble-based mechanism, Bloomberg reported on Wednesday citing a source close to Russian gas exporter Gazprom.

Also, according to the publication, at least 10 countries have set up ruble accounts with Russia’s Gazprombank, through which the payments for the Russian commodity will be made from now on. This was done to facilitate payments due at the end of May.

Bloomberg’s source said that Russia is unlikely to halt supplies to any more European countries, should they refuse the new payment requirement, until then.

Russia introduced the new ruble-based payment mechanism for natural gas exports last month, after the EU and several other countries imposed sanctions on Moscow over its military operation in Ukraine. Under the new scheme, gas buyers from those countries are required to set up ruble accounts with Gazprombank.

They are allowed to make payments in their currency of choice, but through this account their payments will be converted into rubles to reach the gas provider.

Russia’s move left many EU leaders puzzled, and several countries, including Poland and Bulgaria, openly refused “to pay in rubles.” As a result, Russia on Wednesday halted gas deliveries to the two countries.

In total, Russia supplies pipeline gas to 23 European countries.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Wealthy Americans are flocking to Florida at four times the rate of any other state

Known for offbeat felonies, media headline star “Florida man,” swampy weather, Disney adults, and Trump’s recently raided home, Mar-a-Lago, Florida doesn’t always get...

Video Shows Hundreds Of Mostly Single Adults Crossing Border In Texas In One Day

Video captured over the weekend shows upwards of 700 illegal immigrants, most of whom appear to be single...

Media Admits Unelected Bureaucrats In Intelligence Withheld Information From Democratically-Elected Commander-in-Chief

It’s been a week since the FBI conducted a dramatic raid on former President Donald Trump’s Mar-a-Lago estate....