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G7 rejects Russian demand to pay for gas in rubles

Samizdat | March 28, 2022

The Group of Seven major economies have collectively agreed to reject Moscow’s demand to pay for energy imports from Russia in rubles, according to German Energy Minister Robert Habeck.

“All G7 ministers agreed completely that this [would be] a one-sided and clear breach of the existing contracts,” Habeck told journalists on Monday.

The minister added that “payment in rubles is not acceptable” and that the nations will urge the companies affected “not to follow” the demand issued by Russian President Vladimir Putin last week.

On Monday, Putin ordered the government, the central bank, and Gazprombank to develop the necessary tools to switch all payments for Russian natural gas from “unfriendly states” to rubles from March 31.

This includes countries that have targeted Russia’s financial system and seized its foreign reserves in response to the crisis in Ukraine.

Kremlin spokesperson Dmitry Peskov said Russia will stop shipping natural gas to countries that reject the demand.

March 28, 2022 - Posted by | Economics, Malthusian Ideology, Phony Scarcity, Russophobia | ,

2 Comments »

  1. Pretty stupid!! Their fuel will be cut off if not paid in Rubles and China, and India is taking up the slack!

    Liked by 1 person

    Comment by papasha408 | March 28, 2022 | Reply

  2. When you think about it, The World’s Leaders, really do resemble naughty little kids, squabbling over a game of marbles in a school yard. They are all SO pathetic.

    Like

    Comment by brianharryaustralia | March 28, 2022 | Reply


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