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Slovak firm pays for Russian gas in euros, opens rouble account

May 21, 2022 00:00:00


Slovak state gas importer SPP has paid a bill for Russian natural gas in euros and has also opened a rouble account with Gazprombank, the company said on Friday, in effect accepting a payment scheme demanded by Moscow, reports Reuters.

The European Union's executive told member states this week they can keep buying Russian gas without breaching sanctions imposed on Russia over its invasion of Ukraine.

Payments for Russian gas have become an issue since Moscow demanded that foreign buyers start paying in roubles, and Russia cut supplies to Poland and Bulgaria for refusing to do so. Russia is set to cut off supply to Finland on Saturday, Finnish gas wholesaler Gasum said.

"We have paid in euros our commitment toward Gazprom," Prokypcak said in an interview on Slovak public television RTVS, which said that the payment was made on May 17, meeting a May 20 deadline. "It is in euros also because the bill itself was issued in euros by Gazprom. Following that, the money was sent to a Gazprom account and I have confirmation that the payment has been received," Prokypcak said.

"Monetary conversion is underway that will be concluded by handing roubles to Gazprom, and following that, natural gas supplies continue," he added.

While the European Commission advised companies against opening rouble bank accounts at Gazprombank, as requested by the Kremlin, it has not explicitly said doing so would breach sanctions in its formal written guidance.


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