Two European countries accept to pay for Russian gas in rubles

The two European countries, Austria and Hungary, accepted to pay for the Russian natural gas supplied to them based on the mechanism proposed by Moscow, that is, through "Gazprom Bank".

Hungary:

The Hungarian Foreign Minister affirmed that his country will pay for the Russian gas supplied to it based on the mechanism proposed by Moscow, stressing that Russian gas supplies to Hungary through Bulgaria are taking place naturally.

He slandered, according to Russian media.

The Hungarian Minister of Foreign Affairs and Foreign Trade, Peter Szijjarto, said today: “The next payment for Russian gas is set for May 22 (2022), and this will be done by transferring the price of gas in euros to our account in euros in (Gauprombank), which in turn will convert it into rubles and send it to Russia's Gazperm Export.

The Hungarian minister indicated that the flow of natural gas from Russia to Hungary continues as scheduled, despite the suspension of supplies to Bulgaria, which is a transit country for Russian gas.

Austria:

Austrian Chancellor Karl Nahamer announced that Austria and the Austrian energy company "OMV" have accepted the terms of payment for Russian gas in the Russian ruble.

The Austrian chancellor said that the Russian conditions were approved by opening an appropriate account with a Russian bank, referring to Gazprom Bank.

The chancellor added: "We accepted the terms of payment, as did the German government. It turned out that (the terms) were in line with the sanctions (imposed on Moscow). For us, this was important."

He pointed out that Poland and Bulgaria, according to the information received, refused to pay for Russian gas under the mechanism proposed by Moscow, and therefore they faced problems in supplying gas from Russia.

After Western countries imposed sanctions on Russia, and a part of Russia's international reserves were seized, Moscow announced the transfer of gas payments for unfriendly countries to the ruble, in order to ensure receipt of the price of the supplied gas.

On March 31, Russian President Vladimir Putin signed a decree defining a new system for paying for Russian gas supplies by buyers from countries "not friendly to Russia".

According to the presidential decree, European companies from unfriendly countries are required to open two accounts in Gazprom Bank, the first in the euro and the second in the Russian ruble.

European companies will transfer the price of Russian gas in euros, while "Gazprom Bank" will transfer the euro funds on the Moscow Stock Exchange into Russian rubles and then send them to "Gazprom".

This means that European companies will practically pay for Russian gas in euros, but to a new account.

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