EU Suggests Companies Should Keep Paying for Russia Gas in Euros
- Commission says scope for exemptions in Putin decree not clear
- Benchmark gas prices dip after EU posts guidance on website
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The European Union has suggested that companies could keep paying for gas in euros, as it published guidance that Moscow’s decree calling for payment in rubles would violate sanctions.
In a document posted on its website and shared with member states, the Commission said that the payment mechanism as outlined in the decree would run against European sanctions imposed on Russia, confirming a preliminary assessment that the procedure demanded by Vladimir Putin would hand total control of the payment process to Moscow.