New Delhi: According to a person close to Russian gas giant Gazprom PJSC, four European gas buyers have already paid for the supply in rubles, as demanded by President Vladimir Putin.
The person, speaking on condition of anonymity to discuss confidential matters, said: “Even if other buyers reject the Kremlin’s terms, the potential for more cutoffs after gas flow interruptions to Poland and Bulgaria on Wednesday.” Not likely until the second half of May when the next payment is due.
“Ten European companies have already opened accounts with Gazprombank, necessary to meet Russia’s payment demands,” the person said.
Supply to Poland and Bulgaria was cut off after Gazprom’s proposed mechanism for ruble payments was rejected. According to the person, which the gas giant says does not violate EU sanctions. Russia supplies gas to 23 European countries through pipelines.
After the European Union imposed sanctions on Russia over its invasion of Ukraine, Moscow demanded that it be paid in rubles for shipments starting April 1. But the bloc told member states that a mechanism proposed by the Kremlin, which required opening euro and ruble accounts with state-controlled Gazprombank, would violate sanctions.
first published:April 28, 2022, 7:35 a.m.