The Dutch energy company GasTerra has reported that it will not comply with Russia's demands to pay for gas in rubles, to which the Russian energy company Gazprom has already announced the cessation of energy supplies to the Netherlands.

The Netherlands thus joins Poland, Bulgaria and Finland, who have also adopted the decision not to pay the price of Russian gas in rubles and which has cost them the suspension of supply. This same Monday Denmark has also moved in the same direction, although for the moment there has been no response from Moscow.

“GasTerra will not accept Gazprom's demands for payment. This is because doing so would risk breaching sanctions imposed by the European Union and also because there are too many financial and operational risks associated with the required payment route.

Now, the cessation of supply by Gazprom means that Russia will not comply with the agreed shipments based on a contract that expires at the beginning of next October. The Dutch company has been confident that “the European gas market is highly integrated and extensive”, although it has recognized that “it is impossible to predict how recent events will affect it”.

"GasTerra has repeatedly urged Gazprom to respect the contractually agreed payment structure and supply obligations, but to no avail," the Dutch energy company has settled.