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Going beyond its guidance on Russian gas payments is not ‘advisable,’ EU says

Published by Wanda Rich

Posted on May 19, 2022

1 min read

· Last updated: February 7, 2026

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Exterior view of the European Commission headquarters in Brussels - Global Banking & Finance Review
The image shows the European Commission's headquarters in Brussels, symbolizing the EU's stance on Russian gas payments amid ongoing sanctions due to the Ukraine crisis.
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BRUSSELS (Reuters) – It is not “advisable” for companies to go beyond the European Commission’s guidance on how to keep paying for Russian gas without breaching EU sanctions against Moscow for its invasion of Ukraine, a Commission spokesman said on Thursday. “We have given guidance to the member states that says what it is that […]

BRUSSELS (Reuters) – It is not “advisable” for companies to go beyond the European Commission’s guidance on how to keep paying for Russian gas without breaching EU sanctions against Moscow for its invasion of Ukraine, a Commission spokesman said on Thursday.

“We have given guidance to the member states that says what it is that they can do,” the spokesman said.

“What it is that they can do is open a bank account in the currency of the contract that they hold with Gazprom, to make a payment to that bank account in the currency of the contract and issue a statement saying that so then this means that they have fulfilled their contractual obligation, and we don’t consider that doing anything else is advisable.”

(Reporting by Kate Abnett, editing by Marine Strauss)

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What is compliance?
Compliance refers to the process of ensuring that a company adheres to legal regulations, industry standards, and internal policies. It is essential for maintaining ethical practices and avoiding legal penalties.
What are EU sanctions?
EU sanctions are restrictive measures imposed by the European Union against countries, organizations, or individuals to promote foreign policy objectives, maintain international peace, and uphold human rights.

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