Russia Offered Europe Alternative Gas Payment Scheme

Russia has offered Europe to continue paying for gas in euros, but through a Russian bank and with the mandatory opening of a ruble account. Several sources explained that for unfriendly countries, the payment from the buyer to Gazprom would have to be made exclusively in Russian currency.

The sources do not indicate which bank was chosen for this purpose. However, on the eve of the official representative of the German government, Steffen Hebestreit, said that in the negotiations between Russian President Vladimir Putin and German Chancellor Olaf Scholz, Gazprombank appears, which is among the largest in Russia and is not in the EU sanction list.

On the eve of March 30, Russian Deputy Foreign Minister Sergei Ryabkov said that Moscow hopes for a creative solution from Europe to change the format of payments. Currently, European buyers categorically refuse to comply with the ultimatum.

The Kremlin’s press service indicated that Putin explained the reason for the change in the calculation procedure, and also assured the chancellor that the contract conditions for importers would remain. Later, Putin’s aide Maxim Oreshkin explained the details to the Chancellor’s Assistant for Economic Affairs, Jorg Kukis.

Ru-Main, 31.03.2022

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