EU May Allow Gas Payments Under New Russian Ruble Exchange Decree Without Breaching Sanctions

EU May Allow Gas Payments Under New Russian Ruble Exchange Decree Without Breaching Sanctions
A natural gas storage facility as seen in a file photo. Stringer/Getty Images
Bryan Jung
Updated:

The European Commission sent new guidance to its member states on April 21, admitting that it “appears possible” for European buyers of Russian gas to pay according to the terms of Moscow’s decree on ruble conversion without violating international sanctions.

Many European countries in the Euro bloc are heavily dependent on 40 percent of their energy needs from Russia, especially important economies like Germany.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics