Forum | Germany to pay in rubles... by BanksterDebtSlave

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Germany to pay in rubles... 09:52 - Apr 28 with 430 views

....while Ukraine pays in rubble. According to an FT link I can't post.
https://www.theguardian.com/world/2022/apr/27/russia-doubles-fossil-fuel-revenue

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Germany to pay in rubles... on 09:54 - Apr 28 with 417 views

Steve_M

Not quite, it's likely that German energy firms will pay into a Euro account at Gazprombank who will then convert those payments into Roubles. The key question then is which party takes the Fx risk on the transaction. That part is still, and will probably remain, unclear.

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Germany to pay in rubles... on 09:56 - Apr 28 with 410 views

Swansea_Blue

Germany to pay in rubles... on 09:54 - Apr 28 by Steve_M
Not quite, it's likely that German energy firms will pay into a Euro account at Gazprombank who will then convert those payments into Roubles. The key question then is which party takes the Fx risk on the transaction. That part is still, and will probably remain, unclear.

Gazprom seem to be feeling the heat a little if the reports of their vice chairman (or some senior exec) fleeing to Ukraine are correct.

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