[Mariner]

“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.”

So, paid in dollars/euros to a Russian bank not subject to sanctions, THEN converted to rubles.

Yeah, that’s a helluva difference right there.

It equates to the very same demand for rubles, but keeps Germany from getting their hands dirty lol

[MarMema]

There. Gazprom bank. Thanks.

[billakay]

This is exactly right. It sounds like the only difference is that Gazprombank will be handing the Ruble purchases on behalf of the client. The effect on the markets will be exactly the same.

I'm experiencing a perverse satisfaction in seeing EU-weenies get egg on their faces.