Published
Companies will be able to continue to pay in euros at banks that will convert the currency. The Russian requirement will therefore have no impact on the supply.
The French Minister of Ecology and Transition Barbara Pompili assures that she does not fear a shortage of supply.
AFP
Moscow’s request for payment for its gas in rubles should not generate “a priori a rupture” in deliveries, French Minister for Ecological Transition Barbara Pompili said on Friday.
“The information we have received from Moscow in recent days and hours tends to lead us to believe that companies will be able to continue to pay in euros to banks which, themselves, will have to convert their euros into rubles, and in particular Gazprom Bank ,” she said, responding to the Economic Affairs Committee of the National Assembly.
“From the moment companies pay in euros, the contracts are respected and therefore it does not change much for our companies. So at this stage we have no risk of breach of these contracts if this solution is the solution implemented. And therefore a priori no rupture that might be initiated from Russian gas imports, ”she added.
“Finally, this payment in roubles, I believe it is a measure of support for the rouble above all, but it is not really a retaliatory measure vis-à-vis European companies”, she continued. said, even if “this does not prevent us from working to be less and less dependent on Russian gas imports”.
One-sided price
The Europeans refuse any payment in rubles demanded by Moscow. “From our point of view, imposing a payment in rubles would constitute a breach of most contracts: the contracts signed by French companies, in particular with Gazprom, are denominated in euros and therefore companies are legitimate to refuse a change of currency”, a said the minister on Friday.
“The Russian central bank can fix the exchange rate it wants, which would amount to fixing gas prices unilaterally, and would consist in evading sanctions, which obviously is not acceptable,” he said. -she adds.
(AFP)