German Energy Giant To Pay For Russian Gas In Rubles ...Middle East

Germany's power utility Uniper—one of Germany's largest gas importers—will pay for Russian gas deliveries in rubles in accordance with the new payment procedure announced by Russia last month. "The plan is to make our payments in euros to an account in Russia," a company spokesperson told German media, as cited by Reuters. Per the procedure, any buyer of Russian gas from any unfriendly country needs to open two accounts in Gazprombank: one in the foreign currency it wants to pay in and one in rubles. When a gas payment is due, the buyer…

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