June 30, 2022

EU drafts plans for Russia energy payments

The EU Fee is drafting plans to permit corporations to pay for Russian oil and gasoline with out breaking EU currency-related sanctions by organising greenback or euro accounts at Russian lender Gazprombank and letting the financial institution convert the cash into roubles, Bloomberg experiences, citing EU sources. Europe continues to be in talks on imposing a Russia oil embargo, in a choice anticipated later this month.

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