European companies have looked for ways to complete their payments for gas from Russia without violating sanctions.
on Europe’s gas supply unless the companies fulfilled their payments in rubles. The Kremlin worked with Russian gas company Gazprombank to establish a system that would allow companies to deposit foreign currency in one account while Gazprom would complete the transactions in rubles. Russian President Vladimir Putin attends a meeting with young award-winning culture professionals via videoconference in Moscow, Russia, Friday, March 25, 2022.
All payments should continue in the originally agreed-upon currency, almost all of which would be in dollars or euros. Brussels said in the document that there were options that could allow companies to continue lawfully paying for gas, but the procedure for securing exemptions is not yet clear.
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