Authorities have told gas wholesalers they can open the necessary ruble accounts in Russia’s Gazprombank

Germany and Italy have allowed national companies to open ruble accounts in Russia’s Gazprombank to comply with the new natural gas payment scheme and avoid a supply cut-off, Reuters reported on Friday, citing sources.

The move comes after Poland, Bulgaria and most recently Finland refused to accept Russia’s new payment mechanism, resulting in gas flows from Russia being halted.

According to the outlet, the move was approved by Brussels after discussions with the European Commission and is not considered a breach of the sanctions that the EU placed on Moscow over the conflict in Ukraine.

Russia’s new payment scheme requires gas buyers from “unfriendly” countries that have placed sanctions on Russia to open accounts in Russia’s Gazprombank. They can then deposit funds in their currency of choice, which the bank converts to rubles and transfers to Gazprom.

German gas importers have reportedly been notified by Berlin that they can open ruble accounts to pay for Russian gas, as long as the payments they make to Gazprombank are not in the Russian currency.

The Italian government has also reportedly been in discussions with the European Commission, after which the Italian energy company Eni announced it had begun proceedings to open accounts at the Russian bank, one in euros and one in rubles.

"The decision is in line with what was communicated by the [European Commission's energy] department,” one of the sources told Reuters. Italy’s Prime Minister Mario Draghi last week called the gas payment situation a legal “grey zone,” as there is no official ruling on the matter within the EU. In its latest written guidance, the EU said companies can buy Russian gas without breaching sanctions if they continue to pay in the currency of their existing contracts, but did not mention whether opening ruble accounts would be a breach.

According to Reuters, some EU diplomats consider the Brussels guidance to be intentionally foggy, to enable countries to keep buying Russian gas.

“One has the impression that it leaves the door open for business as usual,” one of the sources said, while another said the situation creates “a level of creative ambiguity” with a purpose to “create just enough room for all the different interpretations.”
https://www.rt.com/business/555862-germany-italy-gas-ruble/

Charles XII tried it, Napoleon tried it, Hitler tried it,” Bell said. “It never seems to work out invading Russia.”..

Ukraine is winning the war in virtual world with the help of western media, but losing the war in the real world even after so many help from the West and US (in terms of money and weapons).


The comedian president has to wake up and understand the underlying evil agendas of the West and the US before the whole of Ukraine turns into ashes.


The people of Ukraine must realise that they are paying heavy price for being too ignorant electing puppet of of the West and the US as their president.

They must stand together to pull out this puppet president and elect someone who can lead the nation without falling into the traps of the west and the US before the whole of Ukraine vanish from the world map.

Well, gullibles and co-gullibles on this thread.Russian oil being payed for in ruble has no material economic effect to change the situation or to turn the tide around in favour of Russia.Let their rouble keep fying in colours,but one thing is certain, they can't grow economically beyond the damage caused by Western sanctions.

VictorUSA:
Well, gullibles and co-gullibles on this thread.Russian oil being payed for in ruble has no material economic effect to change the situation or to turn the tide around in favour of Russia.Let their rouble keep fying in colours,but one thing is certain, they can't grow economically beyond the damage caused by Western sanctions.

By now you should have known that when you eat bread in Nigeria, you are eating Russian or Ukrainian product, you should also know the basics, when countries demand for your currency, it appreciates. That was the reason America went to India to offer a deal, because they pay huge sums to Russia in exchange for weapons,and the deals are not in dollars.

Germany especially most agree else SPD will be out of power next election, something SPD former leader used his power to get Russia to agree on NS1.

CDU/CSU and SPD built Germany economy for over 20 years, even when many German manufacturing companies left for Russia, Asia continent because it’s cheaper on those places to produce than Germany.
Merkel made sure Russia president agreed to NS2 as that will help German manufacturing companies against competition.
Bavaria state president even tried travelled to meet Putin.
Scholz choose the wrong coalition instead of CDU/CSU.

olas24u:

By now you should have known that when you eat bread in Nigeria, you are eating Russian or Ukrainian product, you should also know the basics, when countries demand for your currency, it appreciates. That was the reason America went to India to offer a deal, because they pay huge sums to Russia in exchange for weapons,and the deals are not in dollars.

You are wasting your time replying someone who does not know anything on economy.
He has never done any business before or own a property.
His parents feed him because he has never work before in his life.

I've always thought you were smarter than this. Not everything has to do with we dey support the United States or Russia.
Don't you see Russia's determination to weaken the dollar as the global reserve currency might change everything, you don't think that boosting the rubles might spark a "Petro Rubles" revolution, threatening the dollar's dominance?
The global economic order's future is more unclear than ever.

VictorUSA:
Well, gullibles and co-gullibles on this thread.Russian oil being payed for in ruble has no material economic effect to change the situation or to turn the tide around in favour of Russia.Let their rouble keep fying in colours,but one thing is certain, they can't grow economically beyond the damage caused by Western sanctions.

It seems seun and his mods just banned Babapyro from here to shut him up from bringing us the Russian side of the story while his minions IGBOFAM, victorusa are left to spread lies and insults.
Continue to abuse your power you're a real entrepreneur

Discombulator:
It seems seun and his mods just banned Babapyro from here to shut him up from bringing us the Russian side of the story while his minions IGBOFAM, victorusa are left to spread lies and insults.
Continue to abuse your power you're a real entrepreneur

The West host his website so he has to walk carefully not to attract ban from them try to understand it.

Discombulator:
It seems seun and his mods just banned Babapyro from here to shut him up from bringing us the Russian side of the story while his minions IGBOFAM, victorusa are left to spread lies and insults.
Continue to abuse your power you're a real entrepreneur

Oh
You don’t know before