10 EU countries quietly buying gas with rubles, Hungary says

[G.L.R.]

10 EU countries quietly buying gas with rubles, Hungary says

1 May 2022



European leaders won't admit they're going along with Russia's deal, government official Gergely Gulyas said

While multiple European leaders have publicly proclaimed they won't  buy Russian gas in rubles as Russian President Vladimir Putin has  demanded, 10 EU countries are technically going along with Putin's plan,  Hungarian official Gergely Gulyas told public radio. According to Gulyas, these countries' leaders aren't admitting this in  order to be seen as "being a good European."  Gulyas said  that Hungary has opened a euro account with Russia's Gazprombank, which  then converts payments into rubles before transferring them to suppliers  in Russia.  "There are nine other countries using the same payment scheme, but because today the idea of being a good European also means that the leaders of those countries are not honest when speaking either in the international arena or to their own people, the other nine countries won't say that  they are doing the same thing," ...

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"There should be no doubt in anyone's mind that countries  importing raw materials from Russia use exactly the same method to pay  for Russian gas," he added. It is unclear which EU countries  Guylas was referring to. Russian energy giant Gazprom has already shut  off supplies to Poland and Bulgaria after both refused to pay in rubles, but a Bloomberg  report last week stated, as Gulyas did, that 10 of the bloc's member  states have already set up accounts with Gazprombank, and four have  actually paid for Russian gas using this mechanism.

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Hungary  depends on Russia for all of its gas imports, and has therefore opposed  EU sanctions on this critical commodity. "We mustn't adopt sanctions with which we primarily penalize ourselves instead of those we want to sanction," he said, referring to soaring energy costs throughout Europe. While the  government in Budapest has condemned Russia's military operation in Ukraine, Guylas said that it would "continue to buy our energy at the cheapest possible price" to offset any costs on the Hungarian people.

10 EU countries quietly buying gas with rubles, Hungary says — RT Business News
https://www.rt.com/business/554827-hungary-eu-gas-rubles