Austria’s gas importer OMV to transfer euros to Russia for payment – Reuters.com

Austria’s gas importer OMV to transfer euros to Russia for payment – Reuters.com

BERLIN, May 20 (Reuters) - Austrian energy group OMV (OMVV.VI) joins other European companies that transfer euro payments for Russian gas to Gazprombank (GZPRI.MM), it said on Friday, adding that it expects no problems through a conversion to roubles.

"We have now implemented a sanctions-compliant payment process that ensures gas deliveries can be paid in a timely manner," an OMV spokesperson told Reuters. "We consider our payment obligations fulfilled with the transfer of the euro amount."

The European Union's executive told member states this week they can keep buying Russian gas without breaching sanctions imposed on Russia following its invasion of Ukraine, EU officials said. read more