Finland's Gasum says refuses to pay for Russian gas in rubles - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Finland's Gasum says refuses to pay for Russian gas in rubles

HELSINKI, May 17 (PRIME) -- Finnish state energy company Gasum has not accepted RussiaТs requirement to switch to ruble payments for gas and decided to go to arbitration, the company said in a statement on Tuesday.

"Gasum does not accept Gazprom Export's requirement to switch to ruble payments and will consequently not make payments in rubles or under Gazprom ExportТs proposed payment arrangement,Ф the company said.

Gasum and Gazprom Export have been in negotiations about the contract terms since autumn 2021, the Finnish company said. In April, Gazprom Export sent it a letter and asked it to switch to payments in rubles instead of euros agreed in the supply contract, as well as made other claims on the company regarding the contract.

УOverall, this is something that Gasum cannot accept and has decided to take the disputes regarding the supply contract to arbitration in accordance with the contract,Ф the company said.

Gasum also said that there is a significant risk of discontinuation of Russian gas supplies to Finland. It has been preparing for such a situation and working to ensure availability of gas for its customers through the Balticconnector gas pipeline during the summer season.

End

17.05.2022 15:35
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 61.2171 +0.2139 29 jul
USD 60.2031 -0.0167 29 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 2189.16 -0.32 18:51 28 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 196.24 -0.13 18:36 28 jul
lkoh 3847.50 0.00 18:53 28 jul
rosn 348.70 0.00 18:49 28 jul
sber 131.69 -0.61 18:36 28 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 61.1000 +0.5550 14:59 28 jul
USDTD 60.8350 +0.9200 17:44 28 jul