Payment via Gazprom Bank: only a “ • Table.Briefings

As of today, according to the Kremlin, Russian gas is to be paid for only in rubles. But because the Western countries insist on the contractually agreed payment in euros or dollars, the Kremlin has come up with a detour via Gazprom Bank. However, this is unlikely to change anything.

Although Christian Lindner (FDP) announced an „examination in detail“ of what the Russian payment regime for gas, issued by decree, prescribes, there does not seem to be too much concern. A „Putinian smokescreen to create confusion,“ is what Jens Südekum, a member of the advisory board of the German Ministry of Economics, called it. The assessment that Putin’s decree does not significantly change the status quo can also be heard from government circles in Berlin. Gas is therefore likely to continue to flow to Europe.

Payment via Gazprom Bank: only a “Putinian Smoking Candle”?

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