the president of Russia, Vladimir Putinstated today that it will suspend gas supply contracts if “unfriendly” countries do not pay for fuel in rubles and do not open an account in the Russian national currency at Gazprombank.
“Today I signed a decree that establishes the rules for the trade of Russian natural gas with the so-called unfriendly countries” and that it will take effect on April 1, the Russian leader said shortly before a meeting with the aviation industry.
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“We offer these countries a clear and transparent mechanism: to buy natural gas from Russia, must open ruble accounts in Russian banks. Payments for gas supplied will be made from these accounts starting tomorrow“, said Putin.
In the decree, the Russian president specifies that the authorized bank for this is Gazprombank, one of the few financial entities in Russia that has not been sanctioned by the European Union (EU) because it processes, together with Sberbank, a large part of the energy operations with the block.
The Russian president stated that Russia will not do “charitable works” when it comes to supplying gas to Europe and other countries.
“If such payments are not made, we will consider this as a default by the buyers with all the resulting consequences,” warned.
“Nobody sells us anything for free And we won’t do charity work either. That means that existing contracts (in case of non-payment of gas in rubles) will be suspended”, he stressed.
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Putin pointed out that Russia supplied “European consumers with our resources, in this case gas, they received it, they paid us in euros, which they then froze.”
“In this sense, there is reason to believe that we supply part of the gas to Europe practically for free”, he stressed, and said that it cannot continue like this.
However, the decree grants the Foreign Investment Control Commission the authority to grant “permits to foreign buyers to meet their obligations to Russian suppliers for natural gas supplies without having to comply with the established procedure” on the matter. payment in rubles.
The Russian Government adopted on the 8th a list of unfriendly countries and territorieswhich includes the United States, Canada, all EU member countries, the United Kingdom, Ukraine, Montenegro, Switzerland, Albania, Andorra, Iceland, Liechtenstein, Monaco, Norway, San Marino, North Macedonia, Japan, South Korea South, Australia, Micronesia, New Zealand, Singapore and Taiwan.
The price of TTF natural gas for delivery in May on the Dutch market rose to 127.37 euros per MWh during the speech of Putin.
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