Russian President Vladimir Putin has extended until October 1, 2026

Russian President Vladimir Putin has extended until October 1, 2026, the permission for foreign buyers to pay for Russian gas in rubles not only through Gazprombank.

Consensus

• The extension of the gas payment rule is until October 1, 2026
• The rule allows foreign buyers to pay for Russian gas in rubles through any Russian credit institution, not just Gazprombank
• The measure was originally introduced in March 2022 and has been repeatedly extended
• The change was made by a presidential decree signed on June 15, 2026

Points of divergence

• The original scheme required payment only through Gazprombank, but in late 2024, the 'authorized bank' was replaced with 'Russian credit organization' (any Russian bank) — interfax
• The previous extension was signed on March 31, 2026, and the current extension is for another quarter — vedomosti
• The change in payment method was implemented in December 2024, and the previous extension was set to expire on July 1, 2026 — kommersant