Engie: Russian gas is to be paid in rubles| MENAFN.COM

Tuesday, 16 August 2022 11:10 GMT

Engie: Russian gas is to be paid in rubles


(MENAFN) Engie, the firm owned to French energy, has put all safety measures in mind to do pay back for Russian petrol provide put to EU restrictions, as reported by the firm’s economy sector.

The firm stated it had been in meetings with Gazprom, the huge firm of Russian energy, about the Russian demand to change its payment method for Russian petrol goods. Saying, “The Group has taken the necessary steps to be ready to execute on its payment obligations, as long as it is compliant with European sanctions’ framework and does not modify the balance of risks for ENGIE.”

Engie stated by the end of the previous month that it did not put the exact decision on the change of petrol payments in rubles. It estimated that a problem in Russian petrol provide will not exist till December of this year. Vladimir Putin, the president of Russia, noted 'unfriendly countries' have to immediately give fees for petrol provide in rubles following the suspension of Russian Central Bank currency assets upon the Ukraine conflict, on 31st of the previous month.

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