Gazprom Starts Telling Clients How to Pay for Gas in Rubles
- Russian gas shipments to Europe continue to flow normally
- France’s Pompili said request isn’t a breach of contracts
The Kasimovskoye gas facility, operated by Gazprom PJSC, in Kasimov, Russia.
Source: Bloomberg
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Russia’s Gazprom PJSC has started telling clients how to pay for their gas after President Vladimir Putin said purchases from “unfriendly” nations would need to be settled in rubles.
Notifications about the new payment order are being sent to customers on Friday, the Russian gas giant said in a statement on its official Telegram channel. The Kremlin said on Thursday that European buyers would need to have two accounts, one in euros and one in rubles, and that Gazprombank would be responsible for making the foreign exchange conversion. Austria’s OMV AG and Italy’s Eni confirmed they have received the information.