Re:3,599,040,600 € wired by Germany to Russia since the inva...
by corney91 on Monday March 21, 2022 @02:16PM
(#30757693)
According to Ukraine's energy minister and an economic advisor in this article[1], gas is paid for in Euros and Germany could block the transfer to Roubles.
> We propose that the Europeans continue to pay for pipeline-delivered gas and oil, but that the euro-denominated accounts of those Russian pipeline operators be frozen in terms of withdrawals. If properly implemented and enforced, this would mean that all gas customers continue to meet their contractual obligations, while through force majeure the EU creates what would be effectively escrow accounts for the duration of the war.
> We propose that the Europeans continue to pay for pipeline-delivered gas and oil, but that the euro-denominated accounts of those Russian pipeline operators be frozen in terms of withdrawals. If properly implemented and enforced, this would mean that all gas customers continue to meet their contractual obligations, while through force majeure the EU creates what would be effectively escrow accounts for the duration of the war.
[1] https://www.newstatesman.com/world/europe/ukraine/2022/03/vo...