>Under the new Russian mechanism, European companies would continue to pay Gazprombank for their imports in euros — ensuring they did not breach the sanctions r

>Under the new Russian mechanism, European companies would continue to pay Gazprombank for their imports in euros — ensuring they did not breach the sanctions regime. The Russian bank, which is not under EU sanctions, would then, at their request, convert euro-denominated deposits into roubles in a second account opened in their name, for onward payment to Russia. breeched contracts: https://www.bloomberg.com/news/articles/2022-04-13/eu-warns-putin-s-rubles-for-gas-demand-would-breach-sanctions https://www.bloomberg.com/news/articles/2022-04-13/eu-warns-... asked Commission to clarify EU guidance: https://www.bloomberg.com/news/articles/2022-04-27/eu-nations-see-ambiguity-in-bloc-s-advice-on-russian-gas-demands https://www.bloomberg.com/news/articles/2022-04-27/eu-nation... that guidance: https://ec.europa.eu/info/sites/default/files/business_economy_euro/banking_and_finance/documents/faqs-sanctions-russia-gas-imports_en.pdf https://ec.europa.eu/info/sites/default/files/business_econo...