Current ruble payment system - Kremlin

According to a Kremlin spokeswoman, Gazprom is working on putting the new natural gas payment system into place.



On Tuesday, the Kremlin announced that Gazprom was carrying out the presidential order requiring payment for gas shipments in rubles.


According to Dmitry Peskov, a spokesman for the Kremlin, "all the contacts with gas purchasers have been done via Gazprom, therefore it will disclose information on the outcomes of the conversations."


Payments for gas supply made under the new program are anticipated in May, according to Peskov.


Putin urged last month that 'hostile' nations use rubles to pay for Russian gas. They would have to open accounts with Gazprombank and make payments there in euros or dollars, which would then be translated to rubles to accomplish this. Putin has issued a warning that failing to adhere to the currency change could result in impacted nations losing access to Russian gas.


There is uncertainty on how the plan would be carried out but work on reaching an agreement continues, according to a source involved with the discussions with the gas purchasers who spoke to Reuters.


Since then, several Russian gas consumers have indicated they would be able to comply with Moscow's requests. The main importer of Russian gas into Germany, Uniper, announced on Monday that it would be able to pay for upcoming shipments without going against Western sanctions.


A Polish news website reported on Tuesday that Russia had stopped supplying Poland with natural gas through the Yamal-Europe gas pipeline after Warsaw turned down Moscow's offer to pay in rubles for the gas it needed.


Moscow and Warsaw have not formally acknowledged the report, which was based on information from the Polish government and state energy provider PGNiG.


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