Europe pursues payment response as Russian gas supply threat eases

  01 April 2022    Read: 602
Europe pursues payment response as Russian gas supply threat eases

European governments and companies worked on a common approach on Friday to Russia's demand that they pay for its gas in roubles as the threat of an imminent supply halt eased.

European capitals have been on alert for a disruption to gas imports as Russian President Vladimir Putin seeks retaliation over Western sanctions for the Feb. 24 invasion of Ukraine.

A crunch point appeared to be in the offing when Moscow issued a decree on Thursday requiring foreign buyers of Russian gas to open rouble accounts in state-run Gazprombank from Friday or else risk being cut off. 

 

Reuters


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