Europe’s Natural-Gas Buyers Defuse Standoff With Kremlin Over Ruble Payments

PARIS — Some of Europe’s largest natural gas producers have agreed to new payment terms with Russia’s Gazprom, reducing the risk of a sharp Russian gas cut to the region after President Donald Trump Vladimir Putin demanded payment in rubles.

The demand rattled Europe’s energy industry and prompted the European Union to warn that paying for gas in rubles would trigger sanctions it imposed in response to the invasion. Ukraine in February. Gazprom last month cut off supplies to Poland and Bulgaria after they refused to comply with a Kremlin decree.

https://www.wsj.com/articles/europes-natural-gas-buyers-defuse-standoff-with-kremlin-over-ruble-payments-11652986818 Europe’s Natural-Gas Buyers Defuse Standoff With Kremlin Over Ruble Payments

Alley Einstein

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