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Germany Vows to Continue Euro Gas Payments After Allies Cut Off

Gazprom will keep gas supplies to Poland and Bulgaria turned off until they agree to pay for the fuel in rubles.

Gazprom will keep gas supplies to Poland and Bulgaria turned off until they agree to pay for the fuel in rubles.

Source: Bloomberg

Updated on

Germany said its companies will continue to pay for Russian gas in euros or dollars, hours after European Union partners Poland and Bulgaria were cut off by Gazprom PJSC for refusing to pay in rubles as President Vladimir Putin has demanded.

Responding to the dramatic escalation, which sent gas prices soaring, Economy Minister Robert Habeck said Germany’s gas supply situation is “stable” and “we are doing everything we can to keep it that way.”