₦airaland Forum

Russia will cut off gas supplies to Europe if countries refuse to pay in roubles, Vladimir Putin has warned.

The Russian leader said he had signed a decree saying customers must pay in the local currency from tomorrow or their contracts will be terminated. The G7 has previously rejected the demand.

In televised comments, Putin said buyers of Russian gas should open accounts in Russian banks, adding that the move was an important step in strengthening the country’s ailing economy.

European gas prices reversed earlier losses and pushed higher amid fears Europe could abruptly lose its bigger source of natural gas supplies.

Putin's doubling down marks a reversal from earlier today, when both Germany and Italy said they'd received assurances from the Russian president that buyers could continue to pay in euros.

ojesymsym:
I said it before.
Since EU countries will out of fear of the US or because of pride not want to pay in Rubies, then this is a business opportunity for any country willing to risk it and possible US sanctions.
Act as an intermediary between Russia and the "unfriendly" nations. Collect euros from them, pay Russia in Rubies and keep the profit.

I think China is the only country that can risk this without fear

dawnomike:
International trade is more complicated than the way you have put it up here...

dawnomike:
International trade between 2 countries is more complicated than the way you have put it up here... The payment structure and processing is handled by the central banks of each country

SecretAgent7706:
https://www.telegraph.co.uk/business/2022/03/31/ftse-100-markets-live-news-russian-gas-green-energy/

AroleOduduwa2:
Not sure what the EU expect Putin to do, you frooze the account which he receives his payment and still want him to keep supplying you, is that not robbery, they basically want gas for free.

People need to see these people for what they are, they are theives parading themselves as world savoir.

They shot themselves in the foot when they listen to sleepy joe, same sleepyJoe that abandoned his allies when they needed help evacuating their citizens in Afghanistan