Austria opens ruble gas account ...News

Vienna’s OMV insists it’s not violating EU sanctions by opening a Gazprombank account Austria’s oil and gas conglomerate OMV said on Friday that it had opened an account with Gazprombank to pay for Russian gas imports, insisting that the scheme does not violate the current EU embargo against Moscow. Austria imports some 80% of its gas from Russia. “We have implemented a payment process that does not violate sanctions and ensures timely payments for gas supplies,” an OMV spokesman told Reuters on Friday evening. “We consider our payment obligations fulfilled with the transfer of the amount in euros.” Facing a ban o

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