Russia vetoes gas sales to Shell in retaliation for UK

MOSCOW, TASS – Kremlin spokesman Dmitry Peskov told TASS that Shell’s inability to buy Russian gas is a side effect of London’s anti-Russian policies.

“London wants to be the leader of everything anti-Russian, even to be ahead of Washington” [neste assunto], Well, here are the side effects,” said Peskov, commenting on the fact that, unlike other countries, the UK has imposed sanctions on Gazprombank and is now unable to pay for Russian gas, even That in rubles too.

Bloomberg reported on Friday that Shell is unlikely to be able to pay for Russian gas this month as the UK imposes sanctions on Gazprombank.

Last week, Russian President Vladimir Putin requested the transfer of payments for gas supplies in rubles to hostile countries, saying Moscow would refuse to accept payments for such contracts in denominated currencies, including the dollar and the euro. He also tasked the government with instructing Gazprom to amend existing contracts. On March 31, Putin signed a decree on the rules for gas trade with hostile countries, which stipulates a new system for payment of contracts.

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The new procedure for payment of Russian pipeline gas in rubles by buyers of hostile countries came into force from April 1. These buyers need to open special accounts in Gazprombank in rubles and foreign currency to pay for gas supplies. Currency conversion will be done on Russian exchanges. In case of incomplete payment, Russian customs are authorized to restrict delivery. The Government Commission for the Control of Foreign Investment in Russia has the right to issue exceptions to these rules for individual buyers.

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