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Although earlier Russian President Vladimir Putin promised Western countries that he would allow euro payments for gas, he soon changed his mind.
Putin signed a decree this Thursday urging buyers to open accounts in Russian banks to facilitate payments, which will now be made in rubles.
Russian media report that the new rule enters into force on April 1, where Moscow will turn off the taps for those who refuse to pay in rubles.
“If the payments are not made in this way, we will consider that they have not been paid and then the consequences that come in such cases will be applied, the existing contracts may be terminated. “Nobody sells us things for free and we do not intend to do charity.”
Earlier in the month, Russia announced the move, and despite efforts by German Chancellor Olaf Scholz to persuade him, Putin is convinced to force countries he considers unfriendly because of his support for Ukraine to pay in Russian currency.
Under such conditions, France and Germany are preparing for a reduction in Russian gas supplies. The French Minister of Economy says that the country must be ready for any situation.
We can have a new reality, without Russian gas. We are preparing for such a scenario.
Shortly after the decision, the ruble began to rise, recovering some of the losses it has suffered since the start of the war in Ukraine 36 days ago.
At the same time, despite pressure from the West, OPEC has modestly increased oil production. Exporting countries in oil accounted for a production of 432,000 barrels per day in May, a slight increase compared to previous months. Russia is the world’s second largest oil exporter after Saudi Arabia.
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