Moscow, 5 December 2024 — Decree of the President of the Russian Federation 1033 “On Amendments to Decree of the President of the Russian Federation 172 “On Special Procedure for Performance of Non-Resident Buyers’ Obligations towards Russian Gas Suppliers” dated 31 March 2022” was published on 5 December 2024.
According to the Decree, Gazprombank continues to be the sole authorized bank which payments for the supply of natural gas by foreign buyers from unfriendly countries or by foreign buyers supplying natural gas to unfriendly countries (hereinafter referred to as foreign buyers) are effected through.
Gazprombank no longer assists foreign buyers in converting foreign currency into rubles for the purpose of payments for natural gas. The obligation to pay for the supply of natural gas is considered fulfilled by foreign buyers the moment the amounts in rubles are credited to the ruble account held by a Russian supplier with Gazprombank.