Teller Report

Putin allowed gas suppliers from Russia to accept payment of debts in foreign currency

12/30/2022, 7:41:41 PM

Russian President Vladimir Putin, by his decree, allowed settlements in foreign currency between Russian gas suppliers and foreign buyers when paying or collecting their debts.


Such settlements can be carried out in the currency specified in the contract, and a special account of the Russian supplier must be used.

At the same time, the repayment of debts by the buyer in foreign currency is not a basis for the resumption of gas supplies by the Russian supplier if the buyer fails to comply with the procedure established by the decree.