Skip to content
Subscriber Only

Four European Gas Buyers Made Ruble Payments to Russia

  • Person close to Gazprom says 10 buyers opened ruble accounts
  • No more cutoffs seen until next ruble payments due in May
Bloomberg business news
Gazprom Cuts Off Gas Supplies to Poland, Bulgaria

Four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded, according to a person close to Russian gas giant Gazprom PJSC.

Even if the other buyers reject the Kremlin’s terms, more cutoffs after the halt in gas flows to Poland and Bulgaria Wednesday aren’t likely until the second half of May when the next payments are due, the person said, speaking on condition of anonymity to discuss confidential matters.