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EU: Companies with euro gas contracts should reject Russia's demand to pay in rubles.

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On March 31,  Moscow issued a decree requiring foreign buyers of Russian gas to open ruble accounts in state-run Gazprombank or risk being cut off. The European Union's executive quoted by Reuters said that companies whose gas supply contracts with Russia are fixed in euros or dollars should not breach those terms.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

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