Friday, July 1, 2022
IndiaPutin says Accepts only Rubles for gas sales 'Unfriendly Countries'

Putin says Accepts only Rubles for gas sales ‘Unfriendly Countries’

Russian President Vladimir Putin has announced that only the ruble will be accepted for gas supplies to non-aligned countries.

Moscow: Western countries have announced sanctions against Russia in protest of Russia’s war on Ukraine.

Meanwhile, Russia announced a list of allied countries. The list includes the United States, EU member states, Britain, Japan, Canada, Norway, Singapore, South Korea, Switzerland and Ukraine.

Despite the announcement of sanctions on Russian gas, many European countries continue to import oil from Moscow via Ukraine.

President Putin’s announcement that only the ruble will be accepted for gas sales is expected to hit Europe hard.

I have decided to implement measures to convert the tariff for our gas supply to non-friendly countries into Russian rubles. He said he had ordered the changes to take effect within a week.

He said the government and the central bank would have a week to come up with a solution on how to move these measures to the Russian currency and would be ordered to make relevant changes to the gas agreements.

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