ADVERTISEMENT
Putin clears foreign currency settlements for gas debtThe document also clarifies that the debt settlement does not automatically mean the resumption of gas supplies
Reuters
Last Updated IST
Vladimir Putin. Credit: Reuters Photo
Vladimir Putin. Credit: Reuters Photo

Russia will allow countries to pay debt settlements for gas supplies in a foreign currency, according to changes made by President Vladimir Putin on Friday to his earlier decree on rouble payments for gas.

The document also clarifies that the debt settlement does not automatically mean the resumption of gas supplies. It also does not alter the previously stated requirements for a foreign buyer of Russian gas to pay for it in roubles.

Putin signed the decree in March, forcing European customers to open rouble bank accounts with Gazprombank and pay in Russian currency if they wanted to continue receiving Russian gas.

ADVERTISEMENT

Supplies were subsequently cut off to some companies and countries, such as Poland and Finland, that refused the terms of the deal.

Deccan Herald is on WhatsApp Channels | Join now for Breaking News & Editor's Picks

ADVERTISEMENT
(Published 31 December 2022, 05:36 IST)