Russia cuts gas supply to the Netherlands for its refusal to pay in rubles

The Russian gas giant Gazprom announced on Monday that as of tomorrow, May 31, it will cut off gas supplies to the Dutch company GasTerra, after it refused to pay the Russian state company through Gazprombank.

Thomas Osborne
Thomas Osborne
30 May 2022 Monday 10:52
14 Reads
Russia cuts gas supply to the Netherlands for its refusal to pay in rubles

The Russian gas giant Gazprom announced on Monday that as of tomorrow, May 31, it will cut off gas supplies to the Dutch company GasTerra, after it refused to pay the Russian state company through Gazprombank.

"Gazprom Export informed GazTerra of the cessation of gas supplies from May 31, 2022 and until the payment is made in accordance with the mechanisms established by the decree" of Russian President Vladimir Putin, which establishes the payment in rubles, the Russian consortium reported on its Telegram account.

Gazprom recalled that the Dutch company refused to pay for gas supplies in rubles, in accordance with Putin's decree and Russia's proposed mechanism to counter Western sanctions over the Russian military campaign in Ukraine.

Previously, countries such as Poland, Bulgaria and Finland refused to pay for gas in rubles, after which Moscow carried out its threat and cut off supplies to these countries. This same Monday Denmark has also moved in the same direction, although for the moment there has been no response from Russia.

According to Moscow, about half of the foreign importers of Russian gas have already opened accounts in Gazprombank to pay for the scheme proposed by the Kremlin, which provides for the conversion of foreign currency into rubles.

The Russian deputy prime minister, Alexandr Novak, defended that this measure seeks to "guarantee the entry of foreign currency, its conversion into rubles and the payment in rubles of the supplied gas."

According to the official Russian agency TASS, more than 20 companies have already opened accounts in Gazprombank, in accordance with the Kremlin's demands, including the Italian energy company Eni, the German Uniper consortium and the French Engie.

The Ministry of Economic Affairs and Climate has published a message on its official Twitter profile in which it details that the decision of the Russian gas company "has no consequences for the supply of gas to Dutch homes," it specifies.