Russian President Vladimir Putin held a telephone conversation with German Chancellor Olaf Scholts, the Kremlin press service reported. During the conversation, the Russian president explained that the decision to transfer pay for gas supplied including in Germany was associated with the freezing foreign exchange reserves of the Bank of Russia by the European Union countries, Russian “Vedomosti” report.
“The change in the procedure for calculations is introduced due to the fact that in violation of the norms of international law, the Bank of Russia’s foreign exchange reserves were frozen by the EU member countries,” the Kremlin says.
there noted that “the decision made should not lead to the deterioration of contractual conditions for European companies – Russian gas importers.” “It is agreed that the experts of the two countries will further negotiate on this score,” they stressed in the Kremlin.
At the same time, the spokesman for the German Government Steffen Hebhestrate outlined the conversation content in a different way, writes the Russian BBC service. According to Hebershraight, European countries will be able to continue to pay in euros as recorded in contracts. Payments “will continue in the euro and will be translated, as usual, in Gazprombank, which will not affect the sanctions.” And the bank already, as the hebhestrate of Putin’s words reports, will translate euro in rubles.