The emblem of German power utility firm Uniper SE is pictured within the firm’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen/File Photo
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FRANKFURT, May 31 (Reuters) – German firms Uniper (UN01.DE) and RWE (RWEG.DE) have paid for Russian gas under a new scheme proposed by Moscow, in a bid to make sure continued provide of the gas that’s vital to Europe’s prime economic system.
Russia’s cost scheme, which includes organising accounts that will be paid in euros after which swapped for roubles, has uncovered cracks in Europe’s united response in direction of Russia for its February invasion of Ukraine, with some nations refusing to pay and others discovering methods to conform.
Germany enormously will depend on Russian gas, which accounted for greater than half of all imports of the gas final yr. Uniper and RWE, two main German importers of Russian gas, have mentioned they might set up accounts in Russia in keeping with present sanction legal guidelines to ensure gas flows proceed.
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“Like other German and European companies, Uniper has changed the payment method for gas deliveries from Russia. Uniper pays in euros in accordance with the new payment mechanism,” Uniper mentioned in e-mailed feedback.
“The first of these payments was made at the end of May. Uniper is therefore acting in compliance with sanctions and can continue to ensure timely fulfilment of the contract.”
A spokesperson for RWE, too, confirmed that euros had been transferred to the Russian account that was set as much as allow funds.
Russia’s Gazprom (GAZP.MM) earlier on Tuesday mentioned it has absolutely minimize off gas provides to Dutch gas dealer GasTerra after it had didn’t make funds for gas delivered in April, making good on its promise to close down deliveries over cost points. learn extra
Uniper final month mentioned that the primary cost under the new pointers could be due on the finish of May, leaving open the precise date.
Uniper mentioned the method has been coordinated with the German authorities and follows the EU pointers.
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Reporting by Christoph Steitz, Tom Kaeckenhoff, Vera Eckert and Madeline Chambers; Editing by Jon Boyle and Grant McCool
Our Standards: The Thomson Reuters Trust Principles.
Germany’s Uniper, RWE have paid for Russian gas under new scheme & More Latest News Update
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