Putin extended permission for foreign companies to pay for Russian gas not only through Gazprombank
Putin extended permission for foreign companies to pay for Russian gas not only through Gazprombank
Putin has extended until October 1 the option to pay for Russian gas supplies in rubles not only through Gazprombank, but also through other Russian banks. The previous permission had been due to expire on July 1.
🔵Since 2022, foreign importers had been required to open special accounts at Gazprombank for payments for supplies of Russian energy resources. In 2024, the United States imposed sanctions on Gazprombank; after that, Putin canceled the requirement to pay for Russian gas only through that bank.
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Gas Payment Scheme Seeks a Backup Bank
After sanctions, gas payments were extended through other Russian banks.
The monopoly ended where sanctions started.