5/19, 11:45 AM (Source: TeleTrader)
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More western companies agree to pay for gas in rubles

Russian Deputy Prime Minister Alexander Novak announced on Thursday that about 20 Russian gas importers opened bank accounts for payments in Russian rubles.

According to Novak's statement, half out of approximately 54 companies, which already have contracts with Gazprom Export, opened dedicated accounts in foreign currency and rubles. The gas importing companies wanted to ensure that their earnings are converted into rubles, which will then be used to make payments for the supplied gas.

Earlier today, the former Russian energy minister warned that Europe's energy crisis could worsen in 2023, adding that the extraction and exports of Russian fuels are now stable.

Baha Breaking News (BBN) / TB