Germany's Uniper, RWE have paid for Russian gas under new scheme

By Christoph Steitz

FRANKFURT -German corporations Uniper and RWE have paid for Russian gasoline underneath a brand new scheme proposed by Moscow, in a bid to make sure continued provide of the gasoline that's vital to Europe’s prime economic system.

Russia’s fee scheme, which entails organising accounts that might 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 international locations refusing to pay and others discovering methods to conform.

Germany enormously is dependent upon Russian gasoline, which accounted for greater than half of all imports of the gasoline final 12 months. Uniper and RWE, two main German importers of Russian gasoline, have mentioned they'd set up accounts in Russia in step with present sanction legal guidelines to ensure gasoline flows proceed.

“Like different German and European corporations, Uniper has modified the fee technique for gasoline deliveries from Russia. Uniper pays in euros in accordance with the brand new fee mechanism,” Uniper mentioned in e-mailed feedback.

“The primary of those funds was made on the finish of Might. Uniper is due to this fact performing in compliance with sanctions and might proceed to make sure well timed 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 earlier on Tuesday mentioned it has absolutely lower off gasoline provides to Dutch gasoline dealer GasTerra after it had did not make funds for gasoline delivered in April, making good on its promise to close down deliveries over fee points.

Uniper final month mentioned that the primary fee underneath the brand new pointers can be due on the finish of Might, 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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