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Russia’s Gazprom cuts off gas supplies to Netherlands

Russian energy giant Gazprom announced on Tuesday it has fully cut off gas supplies to Dutch gas trader GasTerra after it failed to make payments for gas delivered in April, making good on its promise to shut down deliveries over payment issues.

Russia has already cut off gas supplies to Poland, Bulgaria and Finland, which had refused to make payments for gas in line with an order from Russian strongman Vladimir Putin that requires rouble accounts to be set up in a Russian bank as part of the settlement scheme.

BREAKING:

Russia has announced that it will stop supplying Netherlands with gas starting tomorrow after the Dutch state-controlled gas company GasTerra decided to follow the government’s advice and refused to pay for gas in rubles.

Netherlands joins the club with 🇩🇰🇫🇮🇵🇱🇧🇬 pic.twitter.com/6uOoKZsMmd

— Visegrád 24 (@visegrad24) May 30, 2022
The new requirements for countries which Moscow deems “unfriendly” were introduced following sweeping sanctions imposed by the West on Russia for its ongoing invasion of Ukraine.

Gazprom said on Tuesday the payments should be made in line with the gas-for-roubles scheme.

“Payments for gas supplied from April 1 must be made in roubles using the new bank details, about which the counterparties were informed in a timely manner,” Gazprom said.

GasTerra, which buys and trades gas on behalf of the Dutch government, said it had made alternative arrangements to cover the 2 billion cubic meters (bcm) of gas it had expected to receive from Gazprom in October.

The company also said on Monday it had decided not to adopt the new payment system, which involved setting up accounts to convert euro payments to roubles.


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