Russia claims that half of Gazprom’s foreign customers already have ruble accounts

The Russian government has assured that about half of the 54 foreign customers Gazprom has already opened accounts in rubles, an essential requirement for Moscow to ensure gas supplies to countries it considers “hostile”.

Deputy Prime Minister Alexander Novak has promised that the government will publish the list in the coming days, although he has reminded that payment terms do not always correspond to delivery times. “April supplies, for example, are paid for in May,” he said, according to the TASS agency.

Russian authorities have set up a system whereby buyers must open two accounts with Gazprombank, one in foreign currency and one in rubles, under a March 31 decree by Russian President Vladimir Putin.

Russia claims that half of Gazprom’s foreign customers already have ruble accounts
Russia claims that half of Gazprom’s foreign customers already have ruble accounts

Moscow set up this system in retaliation for international sanctions after invading Ukraine and announced as early as April that gas supplies to Poland and Bulgaria would be cut off.

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