German Utility Giant Says It Can Buy Russian Gas Without Busting Sanctions
- Utility won’t break sanctions, and still meet Moscow’s terms
- Germany wouldn’t be able to handle Russian supply halt: Uniper
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German utility Uniper SE said it can keep buying Russian gas by making payments in euros to Gazprombank JSC which it argued wouldn’t violate European sanctions.
Uniper, one of Europe’s biggest buyers of the fuel from Russia, said it’s in talks with supplier Gazprom PJSC, and is in “very close contact” with the German government after Moscow halted supplies to Poland and Bulgaria for failure to comply with new rules calling for payments in rubles.