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European gas buyers have at least 2 weeks to pay in roubles, says Kremlin

Threat of supply cut-off remains as Moscow demands payment in local currency

European importers of Russian natural gas have until at least the second half of April to comply with Moscow’s demand that they pay in roubles, the Kremlin said, as buyers struggle to understand their obligations.

“Payment for the actual deliveries that are going on now does not need to be made today,” said Dmitry Peskov, the Kremlin’s spokesman, on Friday, the day after Russia published a decree on rouble payments.

“It should be made somewhere . . . in the second half of the month of April, or even at the beginning of May.”

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