Moscow, May 31 (SocialNews.XYZ) Russia's Gazprom Export has said it would suspend gas supplies to Dutch energy company GasTerra from Tuesday due to its refusal to pay in rubles.
"By the end of the working day on Monday (the payment deadline outlined in the contract), Gazprom Export did not receive any payments from GasTerra for the gas supplied in April," local media reported citing Gazprom Export on Monday.
GasTerra announced that it did not intend to pay for the supplied gas in rubles, Gazprom said, adding that it would suspend deliveries from May 31 until a payment is made in accordance with a Russian presidential decree from March, Xinhua news agency reported.
Russian President Vladimir Putin signed a decree on March 31 on new rules regarding natural gas trade with "unfriendly" countries and regions. According to the decree, existing contracts would be halted if these buyers refused to pay in rubles.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz