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Putin wants rubles for Russian gas

The change will affect gas exports to “unfriendly” countriesPutin wants rubles for Russian gas

Putin wants rubles for Russian gas

© Getty Images / Dragan Mihajlovic

Russia will now accept payment for gas exports to unfriendly countries in rubles only, President Vladimir Putin said at a meeting with the government on Wednesday.

The Russian president gave the Central Bank and the government a week to determine the procedure for operations for buying rubles on the domestic market for importers of Russian gas.

Putin added that Russia will continue to supply gas in accordance with the volumes and pricing principles of the contracts. Only the currency of payment will change.

The president explained that Russia plans to abandon all “compromised” currencies in payment settlements. He added that illegitimate decisions by a number of Western countries to freeze Russia’s assets destroyed all confidence in their currencies.



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