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German company VNG agreed to the Russian gas payment scheme

German company VNG agreed to the Russian gas payment scheme. The German gas company VNG intends to transfer euros to Gazprom bank for further conversion into rubles and payment for gas, Reuters reported .
“We will pay the invoice amount, which will continue to be denominated in euros, to Gazprom bank accounts. In Accordance with the planned procedure in order to guarantee timely payment to the supplier on our part,” the company said. VNG expressed the hope that there will be no difficulties with the conversion of euros into rubles.

“At least the opening of the account went without problems,” they added.
At the same time, the agency notes, VNG did not comment on the question of whether it opened two accounts with Gazprom bank – in rubles and in euros. The company stressed that they are taking all necessary measures to ensure gas supplies. And the economic stability of Germany in accordance with the sanctions legislation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

German company VNG agreed to the Russian gas payment scheme

After the start of the Russian military special operation to demilitarize and denazify Ukraine. The West stepped up sanctions pressure on Moscow. Restrictive measures are directed primarily against the banking sector and the supply of high-tech products. Many countries have announced the freezing of Russian assets.
Under these conditions, since April 1, Russia has been accepting payments for gas only in rubles.

The importer must open a special account with Gazprom bank , to which he will transfer funds in the currency specified in the contract. Bulgaria and Poland refused to switch to this scheme. And Gazprom stopped exports to these countries from April 27 due to non-payment. At the same time, Bloomberg wrote that at least ten European buyers of Russian gas have opened accounts with Gazprom bank, and four have already paid in rubles.

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