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Putin says Russia will enforce ruble payments for gas from Friday
From Reuters
Thursday, March 31, 2022
Russian President Vladimir Putin said today that he had signed a decree saying foreign buyers must pay in rubles for Russian gas from April 1, and contracts would be halted if these payments were not made.
"To purchase Russian natural gas, they must open ruble accounts in Russian banks. It is from these accounts that payments will be made for gas delivered starting from tomorrow," Putin said in televised remarks.
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"If such payments are not made, we will consider this a default on the part of buyers, with all the ensuing consequences. Nobody sells us anything for free, and we are not going to do charity either -- that is, existing contracts will be stopped."
Russia supplies about a third of Europe's gas, so energy is the most powerful lever at Putin's disposal as he tries to hit back against sweeping Western sanctions over his invasion of Ukraine. ...
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