Home Business News Gazprom suspends gas supply to Bulgaria and Poland for failing to pay in rubles under Putin’s orders

Gazprom suspends gas supply to Bulgaria and Poland for failing to pay in rubles under Putin’s orders

by LLB Finance Reporter
27th Apr 22 9:39 am

Gazprom has fully suspended gas supply to Bulgaria and PGNiG Poland as the two countries have failed to pay Russia in rubles.

Gazprom have said they did not received payment for the gas that they supplied to Bulgaria and Poland in April.

The Russian President Vladimir Putin has ordered that all payments must now be paid in rubles in an attempt to help his failing economy.

Gazprom said, “As of the end of the business day on April 26, Gazprom Export did not receive payment for the gas supplied in April from these two companies, Bulgargaz (Bulgaria) and PGNiG (Poland) in rubles, as required by Russian presidential order No. 172 dated 31.03.2022.

“Gas supplied since April 1 must be paid for in rubles by means of new bank details, which counterparties were timely informed about.”

Gazprom Export informed Bulgargaz and PGNiG about the suspension of gas supply from Wednesday until they make the payment consistent with the new rules endorsed by Putin.

“Bulgaria and Poland are transit states.

“If any amounts of Russian gas in transit to third countries are taken without authorization, the transit will be cut by those amounts,” Gazprom added.

Leave a Commment

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]