Top German Gas Buyer Concedes to Russian Payment Scheme

One of Germany’s largest natural gas importers, VNG, has opened an account with Gazprombank for payments for Russian gas under Moscow’s new terms.

Per a Reuters report, VNG has said it will transfer the next payment for Russian gas in euros, which will then be converted to rubles in Russia, according to the new gas payment scheme Russia announced in March in response to Western sanctions.

In April, another top Russian gas buyer from Germany, Uniper, signaled it was preparing to start paying for imports under the new terms dictated by Moscow.

counterinformation Top German Gas Buyer Concedes to Russian Payment Scheme