Tag Archives: payment

Former US President Donald Trump warned that he will be “arrested on Tuesday” in an all-caps post on the social media platform Truth Social on Saturday, crediting “illegal leaks from a corrupt & highly political Manhattan district attorney’s office” for his advance knowledge.   “With no crime able to be proven, …

Ten more European gas buyers have opened accounts in Russia’s Gazprombank, Bloomberg reported on Thursday, citing sources close to Gazprom. That has doubled the total number of clients preparing to pay in rubles for Russian natural gas in compliance with Moscow’s demand. According to the sources, a total of 20 …

Germany’s third-largest gas importer, VNG, has agreed to Moscow’s new ruble-based gas payment scheme and opened the necessary accounts with Russia’s Gazprombank to transfer payments, the company said in an emailed statement to Reuters on Monday. “We will pay the invoice amount, which will continue to be denominated in euros, …

Some of Europe’s largest energy firms are planning to use a new payment system for Russian gas supplies demanded by the Kremlin, the Financial Times reported on Thursday. Sources told the newspaper that gas distributors in Germany, Austria, Hungary and Slovakia aim to open ruble accounts at Gazprombank in Switzerland. …

Gazprombank, Russia’s key bank that handles European gas payments, has reportedly declined several payment attempts for April and May gas deliveries to Germany and Austria even though they were made through a ruble account. The bank rejected the transaction because the attempted payments came from a former Russian trading firm …

The Bank of Russia announced on Thursday it plans to have a digital ruble ready by next year and capable of making international payments. It also aims to expand the number of countries that accept Russian Mir banking cards. “The digital ruble is among the priority projects,” central bank governor …

The Central Bank of Russia (CBR) said on Tuesday it will stop disclosing the identity of participants in the System for Transfer of Financial Messages (SPFS), the country’s alternative to SWIFT. Until recently, the list was posted on the regulator’s website. “Under the current circumstances, we decided not to disclose …

Russia’s demand for ruble payments for natural gas cannot be fulfilled, according to Italian Foreign Minister Luigi Di Maio, who says doing so would breach EU sanctions. “We cannot pay in rubles; Russia introduced a double billing scheme from euro to rubles, this is impossible as it would mean bypassing …

Russia won’t be seeking gas payments from “unfriendly states” in rubles immediately, Kremlin spokesman Dmitry Peskov said on Tuesday, noting that the switch is likely to be a “gradual process.” “Nobody is in a rush,” Peskov told reporters. He explained “This is the move in stages, very cautious, with consideration …

Russian President Vladimir Putin has authorized the government, the central bank, and Gazprombank to take the necessary steps to switch all payments for Russian natural gas from “unfriendly states” to rubles starting March 31. The measure targets “member states of the EU and other countries that have introduced restrictions against …