Posted on 04/20/2022 7:04:41 PM PDT by marcusmaximus
Russia’s Foreign Minister Sergey Lavrov has issued a statement to India Today clarifying the rubles for gas mandate that has created confusion among Russia’s gas buyers, RT has reported on Tuesday.
Buyers purchasing Russia’s gas will have to pay Gazprombank, an independent institution.
-snip-
Buyers can still, therefore, pay in the currency of their choice. But Gazprombank will convert the payment into rubles. Gazprom would then be able to access the funds in rubles, assured that those funds would not be subject to sanctions.
“They won’t be able to keep this money in their banks. They will still pay in euro or dollars, but we will have guarantees,” Lavrov added.
(Excerpt) Read more at oilprice.com ...
Well said.
It a laughable fig leaf for Putin. I pay you in dollars. You buy goats with those dollars. You claim I paid you in goats. NO I DID NOT!
In a concerted move to move away from its heavy reliance on Russia amid the Ukraine crisis, Germany authorities have finally given in and allowed gas drilling to proceed in one of its most controversial territories.
On Wednesday, a German regional authority responsible for the Wadden Sea Islands gave the green light to a Dutch company to drill for gas in the North Sea above the Wadden Islands.
EU says gas payments may be possible under Russian roubles proposal without breaching sanctions
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.