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Russia provides fuel by way of pipelines to 23 European international locations.
4 European fuel consumers have already paid for provides in rubles as President Vladimir Putin demanded, in keeping with an individual near Russian fuel large Gazprom PJSC.
Even when the opposite consumers reject the Kremlin’s phrases, extra cutoffs after the halt in fuel flows to Poland and Bulgaria Wednesday aren’t doubtless till the second half of Could when the subsequent funds are due, the particular person stated, talking on situation of anonymity to debate confidential issues.
Ten European corporations have already opened the accounts at Gazprombank wanted to fulfill Russia’s cost calls for, the particular person stated.
Provides to Poland and Bulgaria have been minimize off after they refused Gazprom’s proposed mechanism for ruble funds, which the fuel large says doesn’t violate European Union sanctions, in keeping with the particular person. Russia provides fuel by way of pipelines to 23 European international locations.
After the EU imposed sanctions on Russia over its invasion of Ukraine, Moscow demanded that or not it’s paid in rubles for shipments beginning April 1. However the bloc informed member states that the mechanism the Kremlin proposed, which required opening euro and ruble accounts with state-controlled Gazprombank, would violate the sanctions.
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