Europe will not get Russian gas for free, says Kremlin – National

Russia is working on methods of accepting payments for its gas exports in rubles and will make decisions in due course should European countries refuse to pay in Russian currency, the Kremlin said on Monday.

A meeting of European Union leaders on Friday failed to agree on a common position on Russia’s demand last week that “unfriendly” countries pay for its gas in rubles, not euros, after the United States and European allies have joined in a series of sanctions against Russia.

Continue reading:

Bills in rubles for Russian gas exports are days away, Moscow tells the West

Concerns about security of supply were heightened after demand, with companies and EU states scrambling to understand the implications.

The Central Bank of Russia, the government and Gazprom, which accounts for 40 percent of Europe’s gas imports, were to submit their proposals for ruble gas payments to President Vladimir Putin by March 31.

The story continues below the ad

“We will not supply gas for free, that’s clear,” Kremlin spokesman Dmitry Peskov said in a conference call. “In our situation, it is hardly possible and appropriate to get involved in charities (with European customers).”

Click here to play the video:

Canada will increase oil production to offset dependence on Russia

Canada will increase oil production to offset dependence on Russia

In an interview with the Welt broadcaster on Friday, Federal Finance Minister Christian Lindner advised German energy suppliers not to pay for Russian gas in rubles.

Italy will continue to pay Russia for energy in euros, a top economic adviser to the Italian government said last week.

“The only big problem in Europe is gas, and Russia is asking us to pay in rubles, which we don’t have and which aren’t in the contract,” Italian energy group Eni CEO Claudio Descalzi said at an industry event on Monday in the United Arab Emirates.

The story continues below the ad

Continue reading:

Germany makes progress in reducing Russian oil during invasion of Ukraine

Also, Poland’s PGNiG, which has a contract with Gazprom until the end of the year, said it cannot simply switch to rubles.

The EU aims to reduce its dependence on Russian gas by two-thirds this year and end Russian fossil fuel imports by 2027.

On Friday, the United States announced plans to ship 15 billion cubic meters of liquefied natural gas (LNG) to the European Union this year.

US LNG plants are producing at full capacity, and analysts say most of the additional US gas sent to Europe would have to come from exports that would have gone elsewhere.

Russian gas exports to the EU amounted to around 155 billion cubic meters last year.

(Reported by Reuters; Letter by Nina Chestney; Editing by Robert Birsel and David Evans) Europe will not get Russian gas for free, says Kremlin – National

Joel McCord

InternetCloning is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button