Tag Archives: rubles

The European Union plans to significantly increase the purchase of Russian natural gas through countries that are ready to pay for the commodity in rubles, TASS news agency reported on Wednesday citing a government source in Brussels. “An emergency meeting of the Gas Coordinating Group took place today in view …

Austria has accepted the new ruble gas payment mechanism, introduced by Russia earlier this month, and will abide by it, Chancellor Karl Nehammer announced on Wednesday. “We, that is, [state energy company] OMV, accepted the terms of payment, as did the German government. They [the terms] were found to be …

Russia’s decision to change the payment mechanism for natural gas exports to its domestic currency is “obvious and understandable” in light of Western sanctions, which have frozen half of Russia’s foreign assets, Foreign Minister Sergey Lavrov said in an interview with India Today on Tuesday. According to Russia’s top diplomat, …

Hungary is ready to accept the new ruble-based payment mechanism for Russian gas to secure the country’s energy supplies, Foreign Minister Peter Szijjarto told a news conference on Monday. “As for paying in rubles, we have a solution that does not violate any sanctions but at the same time it …

Russia has paid foreign holders of Eurobonds in rubles for the first time after an attempt to settle the $649.2 million payment was rejected by a foreign financial institution under orders from Washington, the Russian Ministry of Finance announced on Wednesday. Earlier this week, the US Treasury stopped Russia from …

Hungary’s Prime Minister Viktor Orban said on Wednesday he is opposed to any EU sanctions on Russian energy, adding his country will accept Moscow’s directive that gas supplies be paid-for in rubles. Hungary will not yield to pressure and will not support restrictions of oil and gas supplies from Russia …

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 …

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 …

Slovakia will pay for Russian natural gas in rubles if that’s what it takes to keep the commodity flowing, Slovak Economy Minister Richard Sulik has said on national television. “If there is a condition to pay in rubles, then we will pay in rubles,” Sulik said. He stressed that Russian …

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