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 and gas industry   

Next Previous

You might also find interesting:

Anti-Russian Sanctions Cost Various States More Than 100 Billion Dollars Google in Russia: Interview Russian Glonass. A rival to GPS? NHL: Russians Key in Cup Final Game 2 Russian Government Entered into an Amicable Agreement With Exxon Neftegas Limited

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian business  Regional Cuisines  Russian Literature  Rostov-on-Don  Pobeda  Sergey Prokofyev  Golden Mask  Kirov  Moscow  Russian legislation  international cooperation  Festivals in Moscow  Russian Cinema  Crimes  Christmas  Russian rouble  Sun  Mercedes-Benz Fashion Week Russia  Serdobsk  Pussy Riot  Maria Alyokhina  Azat Agafarov  Chinese and Russian Culture and Art Festival  anti-corruption campaign  Russian exhibitions  Ski resorts  Russian tourism  Russian wildlife  Russian churches  Life Saving  system of governmental scientific attestation  Magnitsky Act  Football  Mergers and acquisitions in Russia  Russian politics  Jewish Museum and Tolerance Center  Pomorye  fashion designer  Russian Folk Crafts  Russian Museums   Russian history  Tattoo  Kalashnikov  Exhibitions in Moscow  Treasures  Rosnano  Space Flights  St. Petersburg  Smirotvorets  Hermogenes of Moscow 

Travel Blogs
Top Traveling Sites