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Date: 2 months ago   Category: Finances

Transfer of calculations for oil in euro: chances and risks


Sanctions adjust as Reuters already reported, the Russian oil companies continue to conduct intense negotiations, trying to convince the European buyers to pay off for oil not with dollars, but euro. What progress? Photo: depositphotos.com the Russian oil companies continue to conduct intense negotiations, trying to convince the European buyers to pay off for oil not with dollars, but euro. As it was reported earlier, Gazprom Neft and Surgutneftegas, and before and Rosneft, make attempts to convince the European buyers to pay for oil not with dollars, but euro. The Russian oil industry workers try to remove from themselves sanctions risks as far as it is possible, Reuters explains. Buyers, naturally, don't want to undertake all risks and try to reach compromise. The possibility of transition to calculations for oil to euro is commented by the analyst of Raiffeisenbank Andrey Polishchuk:andrey Polishchuk the analyst of Raiffeisenbank "The Russian companies can receive payment for supply of oil and other production in any currency. Only what it is necessary to consider, prices of oil bargain in dollars. Respectively, to whatever currency transferred payment, anyway it is necessary to do it through partners, through other banks, to pay the commission for transfer of cost of oil from dollars in other currency, start up it will be euro. It's clear that and the European partners or other additional expenses won't undertake. At the same time to the European countries to inflict sanctions on euro for Russia, probably, there is no sense. They in many respects depend on goods from Russia. In this situation the Russian companies for themselves will reduce risk, and it is always necessary to pay for the reduced risk. Therefore the additional fee from the Russian companies is quite probable in such situation". According to Reuters, negotiations of Europeans with Surgutneftegas and Gazprom Neft take place slowly and painfully. The compromise was reached only by a part of buyers, under many contracts pulling of a rope continues. The greatest problem is represented even not by(with) point on trade in oil for euro, and compensation conditions in case of impossibility to pay because of sanctions. "We tried to inform them: if sanctions make payments on oil impossible how we in general will be able to pay compensations?" — the interlocutor of the agency has said. It is claimed that in this concrete case of a compromise it was succeeded to reach. As a result of the party have agreed that payments for oil will remain frozen on all extent of existence of sanctions. Russia provides to

more than 10% of global demand for oil so the sudden ban on purchase of the Russian black gold will lead to jump of the oil prices. However you shouldn't expect it, the CEO of the Infotekterminal company, the leading expert of the Union of oil and gas producers of Russia Rustam Tankayev:rustam Tankayev the CEO of the Infotek-Terminal company, the leading expert of the Union of oil and gas producers of Russia "Considers before addressing some unnamed sources, the Reuters company would need to address to our Federal тамож

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