European Union Approves Companies Purchasing Gas From Russia

May 18, 2022 · 52s
European Union Approves Companies Purchasing Gas From Russia
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The European Union says companies can keep buying gas without breaching sanctions, as it softened its stance in a standoff with Moscow over energy supplies. The European Commission in its...

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The European Union says companies can keep buying gas without breaching sanctions, as it softened its stance in a standoff with Moscow over energy supplies.
The European Commission in its revised guidelines to member states said companies should make a clear statement that they consider their obligations fulfilled once they pay in euros or dollars.
The Commission says EU sanctions do not prevent economic operators from opening a bank account in a designated bank for payments due under contracts for the supply of natural gas in a gaseous state, in the currency specified in those contracts.
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Author Africa Business Radio
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