The EU bucks a potential energy shortage by proposing measures to bypass Russian sanctions to continue receiving natural gas despite economic penalties.
This goes against what president Joe Biden aims to starve Russia's economy, which has backfired, causing massive inflation and food shortages in the west.
Not all bloc members agree with it and have not considered the US proposal to get gas and oil, which is impossible because the KSA ignored the White House.
Brussels Protects Its Energy Security
According to sources, the proposed action by the bloc permits accounts in Gazprom, as directed by Vladimir Putin, reported RT.
The European Commission has consented to a plan that would allow companies will continue purchasing Russian gas though not contravening sanctions placed on Moscow for its military strike on Ukraine.
Based on a Bloomberg report last Saturday; mentioning sources said to be familiar with the results of a private meeting of the European Union executive branch.
This new guidance will require companies to clearly state that they consider their obligations fulfilled once payment in euros or dollars is complete.
The proposal does not preclude companies from having to open euro or dollar accounts with Gazprombank, as demanded by Moscow.
Last March, Russian President Vladimir Putin ordered that 'unfriendly' countries pay for gas through rubles. To confirm, open accounts with Gazprombank and make the payments in euros or dollars, which will be changed into Russian currency, noted Reuters.
He warned that if no compliance from the EU due to Russian sanctions is done via the new payment system or lose natural gas supplies.
EU Considers Paying in Rubles
According to one source, the European Union's executive arm did not say whether setting up an account in rubles is a procedure included in the Russian decree and permitted under EU regulations.
This month, several international companies have billing deadlines. If those refuse to comply with Moscow's requests, specific gas supplies could be cut off, as happened recently with Bulgaria and Poland.
A few countries have already officially started to prepare for such a situation.
Tytti Tuppurainen, Finland's Minister of European Affairs and Ownership Steering, stated on April 28 that Helsinki would not consent to Russia's manipulation.
European Commission asserted in April that there could be options to pay for energy in rubles without breaching sanctions. Former Russian President Dmitry Medvedev replied ironically to this statement.
Medvedev, the Russian Security Council's deputy chairman, stated that European partners, according to recent IMF data, Europe will only be able to subsist without gas for six months. It will be a week to last with no gas.
Reacting to the military operation in Ukraine, the European Commission intends to launch a detailed draft directed at cutting out Russian fossil fuels as sooner as this month.
Russia earlier supplied gas to 23 other European countries and accounts for 40% of the EU's energy supplies.
Updated details report more than ten days of talks. European Union member states have disagreed on initiatives to ban Russian oil imports, with Hungary leading a group of countries disputing the measure, according to the EU's foreign policy chief Josef Borrell, mentioned Euro News.
The EU is trying to bypass Russian sanctions on natural gas will compromise its stand against the imposition of economic penalties.
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