Russia will not stop gas deliveries to Europe from Friday, Kremlin says

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Kremlin spokesman Dmitry Peskov attends a joint press conference of Russian President Vladimir Putin and Belarusian President Alexander Lukashenko in Moscow, Russia Feb. 18, 2022. Sputnik/Sergey Guneev/Kremlin via REUTERS

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April 1 (Reuters) – Rubles payments that Russia is pushing for its gas exports will affect settlements scheduled for late April and May, and Russia will not cut gas supplies to Europe on Friday, Kremlin spokesman Dmitry Peskov said.

President Vladimir Putin on Thursday signed an order stipulating the change of currency, which European governments have called an unacceptable breach of contract. read more

“Does this mean that if there is no confirmation in rubles, the gas supply will be cut from April 1? No, it does not, and it does not follow from the decree,” Peskov told reporters.

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He said it would affect payments from the second half of April and that Gazprom would work with its customers to implement the new rules.

Peskov said Russia could leave the ruble order at some point if circumstances change, but “in the current circumstances, rubles are the most preferred and reliable option for us”.

Asked about German media reports about the possibility of Germany nationalizing some of Gazprom’s subsidiaries, Peskov said this would be a serious violation of international law.

He said Russia witnessed “gangster actions” related to the seizure of his property.

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Reporting by Reuters; Editing by Andrew Cawthorne and Frances Kerry

Our Standards: The Thomson Reuters Trust Principles.

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