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EU admits rouble payments for Russia's gas might not breach sanctions
By James Warrington and Giulia Bottaro
The Telegraph, London
Friday, April 22, 2022
The European Union admitted that countries may be able to comply with Russian President Vladimir Putin's demand for gas payments in roubles without breaching sanctions against Russia.
Putin has demanded that so-called "unfriendly" nations open accounts at sanctioned lender Gazprombank, where payments in euros or dollars would be converted into roubles.
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The European Commission has refused to comply with the order and initially said doing so would fall foul of sanctions. It has now backed down on this claim, although the bloc said it wasn't clear how such a procedure would work.
It came as the UK issued a temporary licence allowing payments to Gazprombank for gas used in the EU until the end of May.
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