Tag Archives: payments

Tehran has officially approved the use of cryptocurrency for imports instead of the US dollar and the euro, Minister of Industry, Mines and Trade Reza Fatemi Amin said on Monday. “All the issues related to crypto-assets, including how to provide fuel and energy, and how to assign and grant licenses …

Russia made coupon payments on two outstanding Eurobonds in foreign currency on Friday, Reuters reported, citing a representative from Russia’s National Settlement Depository (NSD). The coupons on Eurobonds maturing in 2026 and 2036 were due to be paid on May 27. The country forwarded the two payments to the depository …

Bulgaria plans to discuss ruble payments for Russian gas with the European Commission, Energy Minister Alexander Nikolov said in an interview with BTV channel on Sunday. Sofia had earlier rejected Moscow’s new settlement demand to countries that imposed sanctions on Russia. Nikolov was asked what is the point of countries …

The US may block Russia’s ability to make payments on its government debt by the end of May, Bloomberg reported on Tuesday citing people familiar with the matter. According to the publication, in order to boost financial pressure on Moscow, the US Treasury Department’s Office of Foreign Assets Control is …

Russian tax law has been amended to make it easier for foreign companies to open accounts in Russian banks and register with the country’s tax authority. President Vladimir Putin signed a bill into law amending Russia’s tax code on Sunday, and it was published on the official portal for legal …

Helsinki has rejected Moscow’s ruble-based payment scheme for gas, the local media reported on Wednesday. Russia imposed the payment mechanism last month on countries that have placed sanctions on Russia but continue to import its gas. “We have made the decision in the government’s economic policy committee that Finland will …

Four European countries have already made gas payments to Russia using Moscow’s new ruble-based mechanism, Bloomberg reported on Wednesday citing a source close to Russian gas exporter Gazprom. Also, according to the publication, at least 10 countries have set up ruble accounts with Russia’s Gazprombank, through which the payments for …

European Union companies may be able to comply with Russia’s proposed system to pay for gas in rubles without falling foul of the bloc’s sanctions against Moscow, the European Commission said on Friday. At the same time, EU executives say that it is not yet clear how such a scheme …

Several buyers of Russian natural gas have agreed to switch to payment in rubles, Russian Deputy Prime Minister Alexander Novak said on Friday. “We expect the decision [to switch to rubles] from other importers,” Novak added, in comments published in the ministry’s magazine, without disclosing the identities of the customers …

Russian President Vladimir Putin said on Thursday that certain Western countries are failing to pay on time for the delivery of Russian energy. “Banks from most ‘unfriendly’ countries are delaying the transfer of payments,” the head of state said. According to Putin, despite the calls to reduce energy supplies, Western …