Gazprombank and entire Russian banking system must be punished, Ukraine insists


Russia is trying to break the unity of the European Union with ultimatums to pay for its gas in roubles, while viewing any concession as a weakness.

Ukraine will continue to press for sanctions against Russian bank Gazprom, head of president’s office Andriy says Yermakreports Ukrinform.

That is why we are proposing sanctions against Gazprombank and the entire Russian banking system. Russia is trying to split EU unity with ultimatums. Those who make concessions to Moscow today increase the risk their country will face in the future. Gas is Moscow’s weapon. Just like oil. In Russia, every concession is seen only as a weakness. We will continue to work diplomatically to make this understood by all European countries,” the president’s chief of staff said.

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Yermak referred to Politico, which published a list of companies that could ultimately seek concessions from Moscow to pay for gas in rubles by opening accounts with Gazprombank.

According to Ukrainian official, after Polish PGNiG, Bulgarian Bulgargaz and Finnish Gasum refused to pay in rubles, gas supply was suspended, but some companies, according to Politico, may eventually comply with Russian demands .

As noted, in late March President Vladimir Putin signed an executive order requiring countries that imposed sanctions on Russia for armed aggression against Ukraine to pay for Russian gas in rubles, not dollars or euros. Most EU countries buying gas from Russia in euros snubbed the request. The European Commission declared Moscow’s ultimatum illegitimate. Since then, Russia has cut gas supplies to several EU countries, including Poland.


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