The Executive Order extends the permission to allow foreign buyers to pay for Russian gas in rubles until October 1, 2026, not only through Gazprombank as the authorised bank but also through other Russian banks. Previously, this provision was due to expire on July 1, 2026.
Documents
Amendments to Executive Order on the procedure for foreign buyers to meet their commitments to Russian natural gas suppliers
The President signed Executive Order On Amendments to Presidential Executive Order No. 172 of March 31, 2022, On the Special Procedure to Allow Foreign Buyers to Meet Their Commitments to Russian Natural Gas Suppliers.