
Russia requires ‘payment in rubles only’ for energy exports to Europe
Russia plans to abandon all “compromised” currencies in gas payment settlements, it was announced on yesterday (23 March 2022). This followed what Russia said was illegitimate decisions by a number of Western countries to freeze Russia’s assets, which had destroyed all confidence in those “compromised” Western currencies. As a consequence, in future “unfriendly countries” will have to pay for Russian gas in Rubles. Russia’s Finance Minister Anton Siluanov said this month that Russia was unable to access around $300 billion worth of its reserves due to Western sanctions. Russian President Vladimir Putin said yesterday that Western sanctions against his country have dealt a … Continue reading Russia requires ‘payment in rubles only’ for energy exports to Europe
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