Russian LNG Plant Could Seek Payment in Rubles If Sanctions Bite
- Payment may also be made in some other non-dollar currencies
- Sakhalin-2 operator is reorganizing amid sanctions on Russia
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Russia is telling customers of its Sakhalin-2 LNG plant in the country’s far east to pay in rubles or other currencies if sanctions lead to issues with payment in US dollars, in the latest twist around the reshuffling of the project’s operator.
Buyers must use alternative currencies -- including the ruble, euro, yen, or British pound -- if payment in dollars, as set in contracts, can’t be processed, according to documents seen by Bloomberg.