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All Russia's big exports could soon be in rubles, Kremlin signals
By Guy Faulconbridge
Reuters
Wednesday, March 30, 2022
LONDON -- The Kremlin indicated today that all of Russia's energy and commodity exports could be priced in rubles, toughening President Vladimir Putin's attempt to make the West feel the pain of the sanctions it imposed for the invasion of Ukraine.
With Russia's economy facing its gravest crisis since the 1991 collapse of the Soviet Union, Putin on March 23 hit back at the West, ordering that Russian gas exports should be paid for in rubles.
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That move forced Germany, Europe's biggest economy, to declare today an "early warning" that it could be heading for a supply emergency. Germany imported 55% of its gas from Russia last year. ...
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