Moscow is awaiting decisions from other importers, Alexander Novak says
Several buyers of Russian natural gas have agreed to switch to payment in rubles, Russian Deputy Prime Minister Alexander Novak said on Friday.
“We expect the decision [to switch to rubles] from other importers,” Novak added, in comments published in the ministry’s magazine, without disclosing the identities of the customers who have already switched.
We expect the decision [to switch to rubles] from other importers,” Novak added, in comments published in the ministry’s magazine, without disclosing the identities of the customers who have already switched.
The deputy PM noted that EU countries will likely not be able to completely replace Russian energy in the next 5-10 years. It is impossible to talk about guaranteeing Europe’s energy security without Russian resources, he said.
Russian President Vladimir Putin said on Thursday that some Western countries are failing to pay on time for deliveries of Russian energy. Last month, Putin signed a decree that requires a new payment procedure for Russian gas starting on April 1, for buyers from hostile nations. The measure concerns countries that have imposed sanctions on Russia and have frozen its foreign reserves.
Russia has instructed buyers operating in countries designated as “unfriendly” to open two accounts in Russia’s Gazprombank, one in euros and one in rubles. Payment for gas would go to the euro account, after which the bank would exchange it into rubles. State-owned Gazprom will consider payments complete once the rubles arrive.
Hungarian Foreign Minister Peter Szijjarto said this week the country is ready to pay for Russian gas in accordance with the proposed scheme. Szijjarto added that his country does not believe this violates the EU’s sanctions regime.
On Friday, Armenia’s economy minister, Vahan Kerobyan, told Russian media outlet RBC that Yerevan has made several payments for natural gas in rubles.
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.