Russia rejects ruble gas payment

The attempted transfer reportedly came from a trading firm that Germany seized from Russia’s Gazprom Gazprombank, Russia’s key bank that handles European gas payments, has reportedly declined several payment attempts for April and May gas deliveries to Germany and Austria even though they were made through a ruble account. The bank rejected the transaction because the attempted payments came from a former Russian trading firm that was nationalized in Germany, people familiar with the matter told Bloomberg. The Gazprom Marketing & Trading Limited (GM&T) had been controlled by Russia’s Gazprom Germania Group before

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