EU in Talks With US to Mitigate Effect of Russian Bank Sanctions
- Gazprombank sanctions triggered warnings about gas supplies
- Concerns persist after Putin changed rules for gas payments
Last month, the US imposed sanctions on the Russian bank as it intensified efforts to punish Moscow for its war in Ukraine.
Photographer: Bloomberg
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The European Union is pressing the US to explore ways to mitigate US sanctions on Russia’s Gazprombank, a financial institution key for keeping Russian natural gas flowing into the bloc.
The discussions are ongoing even after President Vladimir Putin dropped a requirement that foreign buyers use only that bank when buying Russian gas, a move aimed at averting the impact of US the restrictions.