Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Russian Deputy PM says several buyers agree to pay in roubles for Russian gas

Published 04/15/2022, 07:26 AM
Updated 04/15/2022, 07:30 AM
© Reuters. FILE PHOTO: Russian Deputy Prime Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 3, 2021. REUTERS/Evgenia Novozhenina/File Photo

(Reuters) - Several buyers of Russian gas have agreed to switch to payments in roubles, Russian Deputy Prime Minister Alexander Novak said on Friday.

"We expect the decision (to switch to roubles) from other importers," he added, in comments published in the ministry's in-house magazine. He did not disclose the identities of customers who had already switched.

President Vladimir Putin said last month that buyers of Russian gas from "unfriendly" countries should pay in roubles, a move rejected by European Union authorities under the bloc's sanctions regime against Moscow.

Putin has warned Europe it risked having gas supplies cut unless it pays in the Russian currency as he seeks to retaliate over the sanctions, imposed over what Moscow calls its "special military operation" in Ukraine.

In March, he proposed that energy buyers open accounts at Gazprombank, where payments in euros or dollars would be converted to roubles.

Armenia made several payments for supplies of Russian natural gas in roubles, its Economy Minister Vagan Kerobyan said in an interview with Russian media outlet RBC on Friday.

Hungary's Foreign Minister Peter Szijjarto said on Monday that Hungary planned to pay for Russian gas in euros through Gazprombank.

Latest comments

Putin should use crude and gas supplies as weapons against EU and west. and stop supply to those countries which are supporting Ukraine... Putin should not act as a nice guy to those who are threating Russia.
Russian gas: Russian Roubles. Sounds logical to me.
Total embargo inbound
Can't we just except that puketin has to be overthrow and decapitated by force? why drag this out it could have been done already
Apparently, you have never heard of Hiroshima, or Nagasaki.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.