Gazprombank sanctions lead to Putin changing Russian gas payment laws  

AI

** Changes Rules Gas Buyers**

has changed the way foreign buyers pay for Russian gas. This is because of recent sanctions a Russian bank called Gazprombank.

Before, said that foreign buyers had to use Gazprombank to pay for gas products. But now, they can also make payments by using something called “offsetting mutual debts”. This means that if one owes money to another, they can use that debt as payment instead of cash.

The US imposed sanctions on Gazprombank in November. They wanted to stop Russia from using this bank to pay for gas and other things. But Putin’s new law lets foreign buyers use other ways to pay for Russian gas.

Some countries were worried about the new rules. The Hungarian Foreign said that they could cause a problem with security.

Share This Article
Leave a Comment