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The “Gambler”: Putin’s Russia seek payment for Gas from India (Gail); it is not roubles, this time he is looking for Euros. These moves will affect the US$ and the markets, including commodities.

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EXCLUSIVE Russia’s Gazprom seeks gas payments in euros from India’s GAIL

By Nidhi Verma

2 minute read

Birds fly past the logo of India's state-owned natural gas utility GAIL (India) Ltd in New Delhi
Illustration shows Natural Gas Pipes and Gazprom logo
Birds fly past the logo of India's state-owned natural gas utility GAIL (India) Ltd in New Delhi

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3D printed Natural Gas Pipes are placed on displayed Gazprom logo in this illustration taken, January 31, 2022. REUTERS/Dado Ruvic/Illustration

NEW DELHI, March 25 (Reuters) – Gazprom (GAZP.MM) has asked India’s largest gas transmitter GAIL (India) (GAIL.NS) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict.

Reporting by Nidhi Verma; Editing by Susan Fenton

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