Simple As Pie: How European Gas Companies Are Paying Russia In Backdoor Rubles

The conditions require buyers to open two accounts in Gazprombank – one in rubles and one in foreign currency. The buyer can deposit their currency of choice in their foreign currency account. The Russian bank automatically exchanges the currency into rubles, which are then transferred to the ruble account for payment to Gazprom.

 

 

https://www.rt.com/business/556441-austria-makes-ruble-gas-payment/