Russian gas, ruble cashing after payment does not conflict with sanctions = European Commission | Reuters

The European Commission, the executive body of the European Union (EU), said on the 22nd that Russia is requesting that the purchase price of natural gas be paid in rubles, first pay in euros or dollars, and then convert to rubles. By requesting, he said he would not violate the sanctions. Taken in April 2019 (2022 Archyde.com / Yves Herman / File Photo)

[Brussels, 22nd Archyde.com]–The European Commission, the executive body of the European Union (EU), first paid in euros or dollars on the 22nd that Russia was requesting that the purchase price of natural gas be paid in rubles. After that, he said that he would not violate the sanctions by requesting the conversion to the ruble.

He also said it would be necessary to seek additional terms for natural gas transactions, such as issuing a document stating that contractual obligations were fulfilled when payments were made in currencies other than the ruble.

97% of purchase contracts with Russia’s state-owned natural gas giant Gazprom are denominated in euros or dollars. A European Commission spokesman said he should pay in the currency agreed in the contract with Gazprom.