Latvia’s main gas operator says it won’t rule out paying for Russian natural gas in rubles, revealing that the new settlement method announced by Moscow is being evaluated from a legal and business perspective.
“According to the first impression, the settlement procedure in Russian rubles does not formally violate the sanctions regime and is possible,” Latvijas Gaze said in a statement.
Earlier, Aigars Kalvitis, the board chairman of Latvijas Gaze, which is partially owned by Russia’s Gazprom, said the company couldn’t pay for natural gas supplies from Russia in rubles, since the current contract stipulates that all transactions must be made in euro.