EU to comply with Russia’s payment terms – media ...News

Gas distributors in Germany, Austria, Hungary and Slovakia reportedly plan to open ruble accounts 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. They said that negotiations between European buyers and Russian gas supplier Gazprom have intensified as payment deadlines approach. Under the new mechanism, European companies would continue to pay Gazp

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