Putin threatens to turn off Europe’s gas supplies TOMORROW if countries refuse to pay in roubles
- Russia’s President Putin today threatened to close down European gas tomorrow
- He said supplies would end if foreign countries refused to pay in Russian roubles
- Putin announced last week that ‘unfriendly’ states would have to pay in roubles
- States include US, EU member states, UK, Japan, Ukraine, South Korea, Norway
Russian President Vladimir Putin today threatened to turn off Europe’s gas supplies from tomorrow if foreign buyers refuse to pay in roubles.
‘In order to purchase Russian natural gas, they must open rouble 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, adding that contracts would be halted if these payments were not made.
‘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.’
Russian President Vladimir Putin today threatened to turn off Europe’s gas supplies from tomorrow if foreign buyers refuse to pay in roubles
Putin’s decision to enforce rouble payments for gas has boosted the Russian currency, which fell to historic lows when the West applied sweeping sanctions after he sent his army into Ukraine on February 24.
But Western companies and governments have rejected the move as a breach of existing contracts, which are set in euros or dollars.
Putin said the switch was meant to strengthen Russia’s sovereignty, and it would stick to its obligations on all contracts. Russia supplies about a third of Europe’s gas.
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