FRANKFURT: Uniper (UN01.DE), Germany’s largest importer of Russian gas, is transferring euros to an account at Gazprombank (GZPRI.MM) to comply with a new mechanism Moscow has drawn up to enable gas payments, it said on Tuesday.

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“In this way, timely fulfilment of the contract on our part is guaranteed. We are in close exchange with the federal government on this procedure,” the company said in a statement.