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Reuters
Reuters
Business

Gazprombank account not necessarily breach of sanctions -German Ministry

FILE PHOTO: The logo of Gazprombank is seen at a branch office in Moscow, Russia March 31, 2022. REUTERS/Maxim Shemetov/File Photo

European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to them fulfils their contractual obligations, the German Economy Ministry said.

Russia cut gas supplies to Bulgaria and Poland this week for failing to pay in roubles, raising fears that other countries could be next.

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