Monday, 27th June 2022
<To guardian.ng
Search

Putin: Gas payments must be made via Russian bank

A decree signed by Russian President Vladimir Putin stipulates that Western countries must start paying for gas through a Russian bank that will transfer foreign currency into rubles.

Related

21 Mar
Germany has vowed to wean itself off Russian gas imports in the wake of the invasion of Ukraine. Economy Minister Robert Habeck is visiting Qatar, one of the world's largest exporters of liquified natural gas (LNG).
24 Mar
Russian President Vladimir Putin has said his country would start selling gas to certain nations in Russia's own currency, prompting a rise in the ruble's value on the Moscow Stock Exchange.
28 Mar
The United States and the European Union have announced a new partnership to wean Europe off of Russian gas. The deal comes after Western leaders held three summits over Russia's invasion of Ukraine.
3 Apr
Hydraulic fracturing is banned across most of Europe, but, as the EU turns to the US for an alternative gas supply, how much fracked fuel will slip in through the side door?
3 Apr
The German government has activated its emergency plan for gas supplies, as fears rise that Russia could cut off the flow of gas to Europe. The early warning, announced by Economy Minister Robert Habeck, is the first of three stages in Berlin's emergency plan aimed at securing supplies. The move comes as Moscow insists it be paid in roubles for Russian gas. Also today, we report on how the sanctions on Russia are affecting the diamond trade in the Belgian city of Antwerp.
2 Apr
Vladimir Putin has backtracked on a demand that European customers pay for Russian natural gas imports in roubles, staving off an immediate supply problem. But Germany has activated the first stage of an emergency law that would pave the way for gas rationing. Officials are urging households and businesses to reduce their energy consumption, as they try to diversify their suppliers. Also in the show: inflation in Spain hits a 37-year high, as the government rolls out additional aid.
1 Apr
The Russian leader said money would be paid into Gazprom Bank, which is not a subject of sanctions, and then transferred in rubles to Russia, according to a German statement.
2 Apr
A decree signed by Russian President Vladimir Putin stipulates that Western countries must start paying for gas through a Russian bank that will transfer foreign currency into rubles.
2 Apr
Moscow has set a Friday deadline for gas payments to be made in rubles. Germany has called this "blackmail" and insists on paying in euros or dollars.
1 Apr
A decree signed by Russian President Vladimir Putin stipulates that Western countries must start paying for gas through a Russian bank that will transfer foreign currency into rubles.
3 Apr
Russian gas continues to flow into Europe after President Vladimir Putin threatened to cut off supplies unless they are paid in roubles, a demand rejected by European leaders as a breach of contract. However, Putin's decree does include a mechanism under which foreign buyers would set up special accounts at Gazprombank, which would convert foreign currency payments into roubles on their behalf. Plus, workers at an Amazon warehouse in New York could be heading for a landmark victory for organised labour following a vote on whether to unionise.
6 Apr
This week, we start with some good news. Radiation levels are "quite normal" around Chernobyl. The head of the UN's nuclear watchdog confirms that Russian forces have pulled back from the site of Europe's worst-ever nuclear disaster. The IAEA is working with both sides to avoid Chernobyl again becoming a frontline in the war in Ukraine.