Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Gazprom Might Change Currency For International Transactions
April 5, 2014 18:37


Gazprom looks into the issue of more active use of the ruble in the transactions with foreign contractors.

This was reported in Vedomosti daily with reference to the company representative Sergei Kupriyanov. Transition from dollars to euros in settlements with buyers is discussed by Gazprom Neft as well. The company CEO Alexander Dyukov said that this measure is possible in case of force majeure.

"What we have done for ourselves in this situation (in case of possible implementation of new sanctions on Russian business in connection with the annexation of Crimea) is that we talked with our customers on the opportunity of transferring contracts in euros. Almost all 95% of the customers have confirmed their readiness to switch clearings in euros," – he said. "This suggests that, theoretically, nothing is impossible. You can shift from dollars to euros and from euros you can basically shift to rubles. The only thing that, for sure, needs to be examined in this case is considering the effectiveness of such a transition. Will this transition lead to some additional losses and costs or not? For me personally, this is an open-ended question so far," – Djukov said.

VTB board chairman Andrei Kostin took the initiative to urgently start doing settlements for export in rubles. "Deliveries of Gazprom, Rosneft and Rosoboronexport are nearly $ 230 billion per year or 44% of total goods exported. While the West encourages to isolate Russia using financial nuclear weapon: the dollar payments," – he underlined.

Kostin added that Gazprom board chairman Alexey Miller, the president of Rosneft Igor Sechin and Rosteh CEO Sergey Chemezov informed him that they are ready to transfer to settlements in rubles, the Vedomosti concludes.

Author: Anna Dorozhkina

Tags: Gazprom Rosneft Russian oil   

Next Previous

You might also find interesting:

Russia and EU Come Closer Made in Russia. Cognac or "Kanyak"? How to Determine the Tax Regime for an Individual Entrepreneur Doing Business in Russia Ekaterina Vologzhennova Is Sentenced For Her Repost New Escalade Assemled In St. Petersburg

Comment on our site

RSS   twitter      submit

crisis in Russia  Resources  Russian economy  Festivals  Samara  Russian law  Election 2012  fashion designer  Russian tourism  Russian parliament  Russia Travel Tips  Mir submersibles  racism in Russia  Russian society  International Moscow House of Music  Russian churches  Moscow  CocoRosie  Dog Dance World Cup  Yaroslavl Region  Anti-plagiarism  Altai Mountains  Russian business  invest  Exhibitions in Moscow  health  Saveli Sorin  Mercedes-Benz Fashion Week Russia  Russian science  Russian boxers  Russian Fortresses  Russian businessmen  "Ballet of Moscow" Theatre  WTO  Russian scientists  flat rent in Moscow  Lipetsk   Marat Safin  Russian courts  Russian music  Radisson SAS Slavyanskaya  Russian airports  Russian Cinema  Nuclear Medicine  Russian Composers  Russian ballet  St. Petersburg  Russia-Canada  Apocalypses  Rosneft 

Travel Blogs
Top Traveling Sites