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Germany’s Uniper Confident It Can Keep Russian Gas Flowing

  • Payment conversion should be compliant with sanctions law
  • Comnpany will continue to pay for natural gas in euros
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Ukraine, Russia Gas Clash Poses European Supply Risk
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German utility Uniper SE is confident its next payment for Russian natural gas will comply with Kremlin demands without violating sanctions, in the latest sign that European companies and their Russian supplier are finding ways to keep the gas flowing.

Uniper, one of Europe’s biggest buyers of the fuel from Russia, will pay in euros when its next bill comes due at the end of the month, the company said Wednesday. The payment will comply with Russia’s demand that supplies are ultimately paid in rubles, the utility said.