Russia FinMin backs LNG-for-roubles plan – paper

Russian Finance Minister Anton Siluanov attends a session of the St. Petersburg International Economic Discussion board (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton Vaganov/File Picture

July 11 (Reuters) – Russian Finance Minister Anton Siluanov, in a newspaper job interview posted on Monday, strongly endorsed a proposal by gasoline producer Gazprom (GAZP.MM) to expand its roubles-for-gas scheme for pipeline fuel to involve liquefied purely natural gas (LNG).

Asked for his check out on the Gazprom proposal, the Vedomosti daily quoted Siluanov as indicating, “We assist (it) in each and every way.”

Interfax news company quoted a senior Gazprom supervisor a 7 days in the past as stating the gasoline producer was proposing to broaden the plan to include things like LNG. The up coming working day, Kremlin spokesperson Dmitry Peskov informed reporters no decisions experienced been taken nor orders prepared on these a move.

In March, President Vladimir Putin stated “unfriendly countries” would have to shell out for Russian gasoline in roubles. A amount of Gazprom’s most important consumers in Europe were minimize off immediately after refusing to cooperate with the roubles-for-gasoline payment plan.

Reporting by Elaine Monaghan Modifying by Sandra Maler

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