Russia will seek payment in rubles for natural gas sold to 'unfriendly' countries, President Vladimir Putin said, and European gas prices soared on concerns the move would exacerbate the region's energy crunch.
LondonRussia will seek payment in rubles for natural gas sold to"unfriendly" countries, President Vladimir Putin said on Wednesday, and European gas prices soared on concerns the move would exacerbate the region's energy crunch.
European nations and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24. But Europe depends heavily on Russian gas for heating and power generation, and the European Union is split on whether to sanction Russia's energy sector.Putin's message was clear: If you want our gas, buy our currency. It remained unclear whether Russia has the power to unilaterally change existing contracts agreed upon in euros.
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