Ten European companies open accounts at Gazprombank - report

Ten European companies open accounts at Gazprombank - report

Ten European companies have already opened the accounts at Gazprombank needed to meet Russia’s payment demands, according to a person close to Russian gas giant Gazprom PJSC, Bloomberg reported.

Four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded, the person said. 

Even if the other buyers reject the Kremlin’s terms, more cutoffs after the halt in gas flows to Poland and Bulgaria Wednesday aren’t likely until the second half of May when the next payments are due, the person said, speaking on condition of anonymity to discuss confidential matters.

Supplies to Poland and Bulgaria were cut off after they refused Gazprom’s proposed mechanism for ruble payments.

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