German firm meets key demand on Russian gas payment ...News

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German firm meets key demand on Russian gas payment
VNG will transfer euro payments to a new account with Russia’s Gazprombank Germany’s third-largest gas importer, VNG, has agreed to Moscow’s new ruble-based gas payment scheme and opened the necessary accounts with Russia’s Gazprombank to transfer payments, the company said in an emailed statement to Reuters on Monday. “We will pay the invoice amount, which will continue to be denominated in euros, into the accounts at Gazprombank in accordance with the planned procedure, so that timely payment to our supplier is ensured on our part,” the statement read. The company added that it expects the conversion into rubles

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