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Reuters reveals German gas importer VNG to transfer euros to Russia for payment

Business & FinanceDealsEnergy

Reuters exclusively revealed Germany’s VNG will transfer euro payments for Russian gas to Gazprombank in the future and expects no problems during a conversion to roubles, meeting Moscow’s key demands under a fresh payment scheme. VNG’s first detailed comments on the matter come as European buyers of Russian gas must navigate a new set of rules Moscow has imposed to pay for its most precious commodity, most notably a demand to pay in roubles via an elaborate scheme.

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Topics of Interest: Business & FinanceDealsEnergy

Type: Reuters Best

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Sectors: Business & FinanceCommodities & EnergyUtilities & Other Energy

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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