
Top stories

Logistics & TransportSA's logistics sector set for transformation under new regulations
Heather Irvine, Andrew Pike and Nazeera Mia 2 days





More news










ESG & Sustainability
Why the future of climate change solutions hinges on Stem careers







Countries and companies have for weeks been asking for clarity on how they can proceed, after Moscow at the end of March demanded foreign buyers start to pay for gas in roubles or risk losing their supply.
In updated guidance, shared with EU countries on Friday, the Commission confirmed its previous advice that EU sanctions do not prevent companies from opening an account at a designated bank.
It said companies can pay for Russian gas - provided they do so in the currency agreed in their existing contracts and declare the transaction completed when that currency is paid.
Nearly all of the supply contracts EU companies have with Russian gas giant Gazprom are in euros or dollars.But a European Commission spokesman said on Tuesday that opening an account in roubles at Gazprombank would breach the EU's sanctions regime.
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/