Senior EU official: Gas payments in euros cannot be considered full until they are exchanged into RUB.

Earlier today, the Financial Times (FT) reported that "the energy companies in Germany, Austria, Hungary, and Slovakia are willing to proceed with a new payment

April 28, 2022 - 04:46 PM 277 views

Senior EU official: Gas payments in euros cannot be considered full until they are exchanged into RUB.

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© Senior EU official: Gas payments in euros cannot be considered full until they are exchanged into RUB.

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Earlier today, the Financial Times (FT) reported that "the energy companies in Germany, Austria, Hungary, and Slovakia are willing to proceed with a new payment system for Russian gas supplies after the Kremlin is looking for a way to undermine the European Union's (EU) unity and sanctions."

In regards to the earlier report, a senior European official (EU) commented on Thursday that "We cannot agree that gas payments made in euros are only considered full once they have been changed into roubles."

 The Market Reaction

After a temporary recovery from a substantial fall, the EUR/USD pair is trading at 1.0520, down by 0.33% on a daily basis.

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