Eni Opens Accounts at Gazprom Bank, Says It Will Continue to Pay for Russian Gas in Euros
17 Mai 2022 - 4:37PM
Dow Jones News
By Cristina Roca
ENI SpA said Tuesday that it has temporarily opened two
accounts, one in euros and one in rubles, at Gazprom Bank.
The Italian energy company said it has done this as a
precaution, given that payments of Russian gas will be due in the
next few days.
This is "without prejudice to its contractual rights, which
still envisage payment in euros," it said.
As of Tuesday, Gazprom Export and Russian authorities have
confirmed that invoicing and payment will still happen in euros,
Eni said. A clearing point agent in Moscow will then convert this
into rubles within 48 hours, it said.
"Making payments in this way would not face at the moment any
European regulation aimed at preventing the implementation of the
process outlined above," Eni said.
Eni said that it will consider its payment obligations satisfied
upon the transfer of the amount in euros.
By not paying, Eni would risk violating its contract with
Gazprom Export, as well as a potential supply disruption, which
could threaten its sales commitments to customers, it said.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
May 17, 2022 10:22 ET (14:22 GMT)
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