Advertisement
UK markets close in 23 minutes
  • FTSE 100

    8,064.23
    +23.85 (+0.30%)
     
  • FTSE 250

    19,589.26
    -130.11 (-0.66%)
     
  • AIM

    752.77
    -1.92 (-0.25%)
     
  • GBP/EUR

    1.1655
    +0.0010 (+0.09%)
     
  • GBP/USD

    1.2483
    +0.0021 (+0.17%)
     
  • Bitcoin GBP

    50,779.82
    -1,338.24 (-2.57%)
     
  • CMC Crypto 200

    1,371.76
    -10.81 (-0.78%)
     
  • S&P 500

    5,004.46
    -67.17 (-1.32%)
     
  • DOW

    37,824.33
    -636.59 (-1.66%)
     
  • CRUDE OIL

    82.09
    -0.72 (-0.87%)
     
  • GOLD FUTURES

    2,346.50
    +8.10 (+0.35%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,885.18
    -203.52 (-1.13%)
     
  • CAC 40

    8,007.35
    -84.51 (-1.04%)
     

EU says using Russian roubles payment scheme would breach sanctions

EU Commission weekly college meeting in Brussels

BRUSSELS (Reuters) - Using Moscow's proposed scheme for foreign companies to pay for gas by enabling Russia to convert their payments into roubles would breach European Union sanctions, the bloc's energy policy chief said on Monday.

"Paying rubles through the conversion mechanism managed by the Russian public authorities and a second dedicated account in Gazprombank is a violation of the sanctions and cannot be accepted," EU energy commissioner Kadri Simson told a news conference after a meeting of EU energy ministers in Brussels.

(Reporting by Kate Abnett)