German gas importer VNG to transfer euros to Russia for payment
Germany’s VNG will transfer euro payments for Russian gas to Gazprombank in the future and expects no problems during a conversion to roubles, it said on Monday, meeting Moscow’s key demands under a fresh payment scheme, Reuters reports.
VNG’s first detailed comments on the matter come as European buyers of Russian gas have to navigate a new set of rules Moscow has imposed to pay for its most precious commodity, most notably a demand to pay in roubles via an elaborate scheme.
European gas buyers are concerned that adopting the new measures, under which they have to open accounts at Gazprombank for future payments, could breach sanctions law and that rejecting them could trigger major gas supply disruptions.
VNG, which is majority-owned by German regional utility EnBW, said it was taking all necessary measures, in line with existing sanctions law, to continue to ensure supply and therefore economic stability in Germany.
“We will pay the invoice amount, which will continue to be denominated in euros, into the accounts at Gazprombank in accordance with the planned procedure, so that timely payment to our supplier is ensured on our part,” VNG said in an emailed statement.
“We also assume that the conversion into roubles will not cause any difficulties. At least the opening of the account went completely smoothly.”
-
17:08
The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05
The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11
Armenia sends earthquake aid to Turkey
-
10:43
Commemoration of the Pontiff St. Sahak Partev
-
09:16
Some roads are closed and difficult to pass in Armenia
-
19:55
Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30
Prime Minister Pashinyan and President Khachaturyan meet
-
18:20
Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01
Humans could land on Mars within 10 years, Musk predicts
-
16:45
France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01
Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59
Earthquake death toll in Turkey rises to 18,342
-
15:43
Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06
French president rules out fighter jet supplies to Ukraine in near future
-
14:47
5 Day Weather Forecast in Armenia
-
14:44
President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20
Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57
France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40
Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16
The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
day
week
month
Humidity: 27%
Wind: 0.51 km/h