No major European firms have begun paying for Russian gas in roubles. — According to Reuters

On Thursday, Reuters said, "The big European companies are not willing to pay money for Russian gas in roubles." However, only a few traders, perhaps five or six, have begun making payments for Russian fuel there.

April 28, 2022 - 06:03 PM 278 views

No major European firms have begun paying for Russian gas in roubles.

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© No major European firms have begun paying for Russian gas in roubles.

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On Thursday, Reuters said, "The big European companies are not willing to pay money for Russian gas in roubles." However, only a few traders, perhaps five or six, have begun making payments for Russian fuel there.

       In the meantime, a senior European official (EU) said that opening a rouble account with GazpromNank could appear to be a violation of sanctions at first glance.

The Market Reaction:

The above comments do not have a high impact on the FX market. While I was writing, the euro currency was up by 0.9% on a daily basis.

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