The Limited Times

Now you can see non-English news...

Eni, procedures to open two accounts at Gazprom Bank have started

2022-05-17T14:38:47.045Z


One in euros and one in rubles. "The decision respects the sanctioning framework, it was shared with the Italian government", the Italian company said. Eni will continue to pay in euros (ANSA)


Eni "in view of the imminent payment deadlines for the next few days, has started as a precautionary procedure the procedures relating to the

opening at Gazprom Bank of the two current accounts denominated K, one in euro and one in rubles

, indicated by Gazprom Export according to a claim unilateral amendment of existing contracts, in line with the new procedure for the payment of gas ordered "by Russia.

Eni "has already rejected these changes".

"The decision,

shared with the Italian institutions

- he continues - was taken

in compliance with the international sanctions framework

and in the context of an ongoing discussion with Gazprom Export". 

Gazprom Export is responsible for "any cost or risk connected with the different execution of payments".

Eni writes this in the statement in which he announces that he has started the procedures for opening the two accounts at Gazprom Bank.

The execution of payments in these ways "does not

currently find any European regulatory provision that envisages prohibitions

that directly affect the possibility of carrying out the aforementioned operations".

Eni "has already clarified that the fulfillment of contractual obligations is intended to be

completed with the transfer in euros

, and will renew the clarification with the opening of the K accounts.

Eni will continue to pay gas to Russia in euros.

"On the one hand, to date, Gazprom Export and the competent Russian federal authorities have confirmed that the invoicing (received by Eni in the last few days in the contractually correct currency) and the related payment by Eni will continue to be carried out in euros, as well as contractually envisaged ", explains the Italian group.

"The operational activities of converting the currency from euro to rubles - continues Eni - will be carried out by a specific clearing agent operating at the Moscow Stock Exchange within 48 hours of crediting and without the involvement of the Russian Central Bank".

Source: ansa

All life articles on 2022-05-17

You may like

Life/Entertain 2024-03-01T07:15:43.572Z
News/Politics 2024-03-12T23:02:58.122Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.