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Putin Says Gas Exports to Be Halted If Payments Not Made in Rubles

Published 31/03/2022, 14:48
Updated 31/03/2022, 14:48
© Reuters

(Bloomberg) --

Russia will halt gas supplies to buyers from ‘unfriendly’ states unless they switch to payments in rubles from April 1, President Vladimir Putin said, the latest strike in a struggle with Europe over energy sales.

“To buy Russian gas, they need to open ruble accounts in Russian banks,” Putin told officials in a televised speech Thursday. “It is from those accounts that gas will be paid for starting April 1. If such payments aren’t made, we will consider this a failure by the client to comply with its obligations.”

Buyers should open special accounts in state-controlled Gazprombank to allow foreign currency to be swapped to rubles for settlements, according to an order signed by Putin.

©2022 Bloomberg L.P.

Latest comments

wouldn't give home the satisfaction of propping up his rubble
Sanctions didnt wotk.. just follow what the world trouble maker says infact now u know the entire world is suffering inflation
I can swap cash from Monopoly for your rubles in your funny bank.
this will drive the price of (SQZ) serica higher as its a gas platform.
the west starts this war by luring Ukraine into joining NATO. Russia has done what is right. fck these EU and USA. Let them pay for what they have done.
No it didn’t. No it hasn’t. No. No they won’t. Any more gormless ill thought out pointless points you’d like to make?
Oil rich countries are afraid that the west is waking up to the fact that fossil fuel have to be fased out in the nest 20 years of so western countries are making huge investment in renewables wich is bad news for russia 😆
That what happens when you ********the hand that feeds you. It's an inevitable result of the NATO's anti Russian agressive policy along the last 30 years, even after the Soviet Union seased to exist. What this pressing the Russian bear has been good for?
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