Monday, 14 April 2025

Focus on Gazprombank

FILE PHOTO: Hungary's Foreign Minister Peter Szijjarto speaks to delegates during a meeting of the United Nations Security Council at the United Nations Headquarters in New York City, U.S., July 16, 2024. REUTERS/Eduardo Munoz/File Photo
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Hungary, Slovakia seek to overcome US sanctions impact on Russian gas payments

Hungary, Slovakia scramble to pay Russian gas amid US sanctions on Gazprombank, risking potential suspension of critical energy supplies.

FILE PHOTO: A man walks past the logo of Gazprombank during the Saint Petersburg international gas forum in Saint Petersburg, Russia September 15, 2022. REUTERS/Anton Vaganov/File photo
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New U.S. sanctions probably spell end of EU energy payments through Russia’s Gazprombank

"EU payments for energy resources through Gazprombank will likely become impossible at the end of 2024," analysts say.