HomeMediaLatest News “The problem of politicians, not companies”: how the transition to rubles in gas deals will affect Europe

“The problem of politicians, not companies”: how the transition to rubles in gas deals will affect Europe

24 March 2022

Salikhov Marcel R. President, Principal Director on Economic Studies, Head of the Economic Department

Marcel Salikhov, president of the Institute for Energy and Finance, commented to Gazeta.ru on the risks for European countries when switching to rubles in gas payments.

Marcel Salikhov, head of the economic department at the Institute for Energy and Finance, believes that countries can revise contracts with Gazprom, since the transaction currency is an integral part of the contract, which cannot be changed unilaterally.

“Companies will have different reactions. Someone may require for themselves additional discounts on the price. This is a long process, because Gazprom has more than 100 contracts in the European Union,” Salikhov explained to Gazeta.Ru.

At the same time, Salikhov also noted that nothing prevents foreign companies from entering the Moscow Exchange.
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