Russia makes gas payments easier

Must read

Democrats Bracing Themselves For More SCOTUS Decisions They Don’t Like

Even if Donald Trump never runs for president ever again, the mark he left on the Supreme Court...

Hollywood Conservative Jon Voight Calls On Joe Biden To Be Impeached

Conservative actor Jon Voight posted a video to social media earlier this week calling for the impeachment...

Report: GOP Megadonors Abandoning Trump After Jan 6 Hearings

Some may be thinking that the House Select Committee on Jan. 6 hearings may be nothing more than...

Liberal Celebrity Wanda Sykes Attacks Middle America, Providing Electoral College Fans A Built-In Argument

Liberal comedian Wanda Sykes has no problem voicing her contempt for those who dare to think differently than...

Russian tax law has been amended to make it easier for foreign companies to open accounts in Russian banks and register with the country’s tax authority.

President Vladimir Putin signed a bill into law amending Russia’s tax code on Sunday, and it was published on the official portal for legal information.

The law aims to help foreign firms pay for Russian gas in rubles, in line with the new mechanism adopted last month. Foreign entities will be able to register with Russia’s tax authority after the bank that opens an account for them submits an application.

“This makes it really easy to register and open an account,” business daily Vedomosti quoted lawmaker and tax committee member Olga Anufrieva as saying. She added that the measure is temporary.

In March, Moscow demanded that “unfriendly states” which have imposed economic sanctions on Russia pay for gas in rubles. Brussels refused, saying that doing so would breach the Ukraine-related sanctions and the terms of current contracts. However, according to media reports, 10 member states, including Germany, Austria, and Slovakia, have agreed to use the new payment mechanism, and four have already made their first payments in the Russian currency. The Hungarian government confirmed on Sunday that it had opened a euro account with Russia’s Gazprombank.

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

More articles

Latest article

Democrats Bracing Themselves For More SCOTUS Decisions They Don’t Like

Even if Donald Trump never runs for president ever again, the mark he left on the Supreme Court...

Hollywood Conservative Jon Voight Calls On Joe Biden To Be Impeached

Conservative actor Jon Voight posted a video to social media earlier this week calling for the impeachment...

Report: GOP Megadonors Abandoning Trump After Jan 6 Hearings

Some may be thinking that the House Select Committee on Jan. 6 hearings may be nothing more than...

Liberal Celebrity Wanda Sykes Attacks Middle America, Providing Electoral College Fans A Built-In Argument

Liberal comedian Wanda Sykes has no problem voicing her contempt for those who dare to think differently than...

Democrat Rep. Judy Chu Arrested At The Capitol During Pro-Abortion Protest – Second Time She’s Been Arrested

Representative Judy Chu (D-CA) was arrested Thursday during a pro-abortion protest at the Capitol. Capitol police said they...