Live Updates | Hungary to change gas contract as Putin wants

Live Updates | Hungary to change gas contract as Putin wants

2 years ago
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https://www.mercurynews.com/2022/04/11/live-updates-hungary-to-change-gas-contract-as-putin-wants/

BUDAPEST, Hungary – Hungary plans to modify its natural gas contract with Russian energy company Gazprom in order to satisfy a demand by President Vladimir Putin that Russian gas be paid for in rubles.

Hungarian Foreign Minister Peter Szijjarto told a news conference on Monday that the subsidiary of Hungary’s energy group MVM, CEE Energy, would pay its gas bills in euros to Russia’s Gazprombank, which would convert the payments into rubles and transfer them to the gas provider Gazprom Export.