Putin says Russia won’t sell gas to ‘unfriendly countries’ in dollars, euros
Russia will reject U.S. dollars or euros and only accept rubles for its natural gas supplied to “unfriendly countries,” including the European Union (EU) members and the United States.
“It makes no sense for us to supply our goods to the EU, the United States and receive payments in dollars, euros and other currencies,” President Vladimir Putin said on Wednesday at a meeting with government members.
Over the past few weeks, some Western countries have taken “illegitimate decisions” to freeze Russian assets, thus undermining the reliability of their currencies, Mr Putin said.
The president decided to implement a set of measures to transfer payments to rubles, starting with Russian natural gas in the shortest possible time.
He promised that Russia, nevertheless, would continue to supply gas in accordance with the volumes and prices in existing contracts.
“The changes will affect only the payment currency.
“I ask the government to issue a relevant directive to (Russian gas industry giant) Gazprom on amending existing contracts.”
The president instructed the central bank and the government to determine the procedure for settlement in rubles within a week.
(Xinhua/NAN)
More from Peoples Gazette
Economy
Buhari regime will continue to borrow without subsidy removal: Femi Adesina
“You know how much could have been saved if the subsidy was removed and how it could have been diverted to other areas and spheres of national life.
World
Biden joins NATO, EU leaders in solidarity with Ukraine
A proposal to strengthen NATO’s eastern flank with permanent troop deployments, supported by air and naval power, is still on the table.
Health
Government working hard to tackle rising TB cases in Lagos: Official
Mr Ogboye said it was estimated that approximately 30,000 people fell ill daily, and over 4,100 lost their lives to TB.
World
Ukraine War: ICRC in Moscow for humanitarian issues
“To meet the growing humanitarian needs, the ICRC is massively scaling up its work, including moving in additional assistance and specialists.”
Economy
FG will reclaim petroleum industry from thieves: Sylva
Mr Sylva commended the chief of defence staff but pointed out that “there is still ground to cover.”
Africa
I’m worried about military coups becoming popular in West Africa: Jonathan
“These sad developments which have occasioned a gradual erosion of our civic space and value system is what has necessitated this meeting.”
Economy
FG has new approach to fight oil thieves: NNPC
“This is absolute criminality…If any Nigerian wants to participate in the upstream activity, they can contact the regulatory body.”
