Putin starts clock on EU energy threat and sets deadline for rubles demand

Now, the Kremlin has issued a deadline on its threat to the EU, as Russian state backed oil company Gazprom has been given four days to figure out how to move billions of US dollars and euros of gas sale into rubles.

As a response to the West’s sanctions on Russia, Putin announced earlier this week: “Russia will continue, of course, to supply natural gas in accordance with volumes and prices … fixed in previously concluded contracts.

“The changes will only affect the currency of payment, which will be changed to Russian rubles.

“An understandable and transparent procedure of making payments should be created for (all foreign buyers), including acquiring Russian rubles on our domestic currency market.”

Article source: https://www.express.co.uk/news/science/1586340/putin-news-eu-energy-crisis-threat-Russia-gas-supply-cut