Russian gas exports fell by 27.6% between January and May 2022 compared to the corresponding period of 2021, Gazprom announced today, in the context of the bra-de-fer between Europe and Moscow after the Russian invasion in Ukraine.
“Exports to faraway countries (a term used in contrast to proximate countries including the Commonwealth of Independent States) reached 61 billion cubic meters, or 27.6% (23.2 billion cubic meters) less in relation to the same period of 2021 “, it is mentioned in a post of the Russian giant in the Telegram.
Gazprom suspends gas supplies to the Netherlands
THE Russian Gazprom announced that it suspended them gas deliveries to the Netherlandsas reported by the French Agency.
The Dutch company GasTerra refused to agree to Moscow’s demands and pay in rubles.
#BREAKING Russia Gazprom says has suspended gas supplies to the Netherlands pic.twitter.com/jLr8gCCMBR
– AFP News Agency (@AFP) May 31, 2022
GasTerra, which buys and trades gas on behalf of the Dutch government, said it had already contracted with other providers to cover the 2 billion cubic meters (bcm) of gas to be received by Gazprom by October.
Payment of Eurobonds in rubles as with natural gas
Russia is maneuvering to avoid bankruptcy, paying Eurobonds in rubles as with natural gas. Russia seeks to make payments for Eurobonds in rubles, which can be converted into another currency.
“The experience of paying for Russian gas in rubles has proven to be beneficial for both sellers and buyers, so this principle could also be used for Eurobond payments,” Kremlin spokesman Dmitry told reporters on Monday. Peshkov.
“This question must be asked of the Ministry of Finance. But overall, the experience of the gas deal (rubles), for example, has proved convenient for both sellers and buyers given the current conditions. So why not use it the other way around? ” He made the remarks when asked to what extent this system has been developed for Eurobonds, and whether it can be implemented before the June coupon payments.
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