The real culprit is the EU, not India
“Russia is the world’s third-largest oil producer behind the US and Saudi Arabia, exporting around five million barrels per day of crude oil and 2.85 million barrels per day of other oil products.
And as the EU is more reliant on Russian oil than the United States and the United Kingdom. it appears that EU countries are increasingly complying with Russian requirements for payments for Russian gas supply in Roubles.
In simple terms, this is a Euro-Rouble arrangement, as it entails opening two bank accounts – one in Roubles and one in Euros – in the Russian Gazprom bank, which is not included among the banks sanctioned by the EU. The payments are made in euros, which are then converted to roubles at the bank.
Companies from Austria, France, Germany, Hungary, Italy, Slovakia, and Slovenia are among those that are doing so. And the list of such companies is growing by the day.
Only Poland, Bulgaria and Finland have refused to comply with Moscow's demand. So, despite the sanctions, Russia's monthly earnings from selling fossil fuels to the EU have nearly doubled.
Видео The real culprit is the EU, not India канала World Affairs
And as the EU is more reliant on Russian oil than the United States and the United Kingdom. it appears that EU countries are increasingly complying with Russian requirements for payments for Russian gas supply in Roubles.
In simple terms, this is a Euro-Rouble arrangement, as it entails opening two bank accounts – one in Roubles and one in Euros – in the Russian Gazprom bank, which is not included among the banks sanctioned by the EU. The payments are made in euros, which are then converted to roubles at the bank.
Companies from Austria, France, Germany, Hungary, Italy, Slovakia, and Slovenia are among those that are doing so. And the list of such companies is growing by the day.
Only Poland, Bulgaria and Finland have refused to comply with Moscow's demand. So, despite the sanctions, Russia's monthly earnings from selling fossil fuels to the EU have nearly doubled.
Видео The real culprit is the EU, not India канала World Affairs
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