🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

EU countries will continue to pay for Russian gas in euros - Pompili

Published 02/05/2022, 17:11
Updated 02/05/2022, 17:15
© Reuters. FILE PHOTO: French Ecological Transition Minister Barbara Pompili arrives to attend the last weekly cabinet meeting at the Elysee Palace in Paris, France, April 28, 2022. REUTERS/Gonzalo Fuentes

PARIS (Reuters) - French energy and environment minister Barbara Pompili said on Monday that European Union countries will continue to pay in euros or in dollars for Russian gas contracts that have been signed in those currencies.

© Reuters. FILE PHOTO: French Ecological Transition Minister Barbara Pompili arrives to attend the last weekly cabinet meeting at the Elysee Palace in Paris, France, April 28, 2022. REUTERS/Gonzalo Fuentes

"We are all in agreement that we will continue to pay in euros and we will not allow contracts to be changed unilaterally," Pompili said in Brussels at an emergency meeting of EU energy ministers.

The European Commission is expected to finalise on Tuesday work on the next, and sixth package of EU sanctions against Russia over its actions in Ukraine, which would include a ban on buying Russian oil, exports of which are a major source of Moscow's revenue.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.