Reuters reveals German gas importer VNG to transfer euros to Russia for payment

Reuters exclusively revealed Germany’s VNG will transfer euro payments for Russian gas to Gazprombank in the future and expects no problems during a conversion to roubles, meeting Moscow’s key demands under a fresh payment scheme. VNG’s first detailed comments on the matter come as European buyers of Russian gas must navigate a new set of rules Moscow has imposed to pay for its most precious commodity, most notably a demand to pay in roubles via an elaborate scheme.