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[Cyprus Times] New Putin threats: From tomorrow, payments in rubles or no more gas

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He accuses the US of seeking to profit from global instability and forcing Europeans to pay for US LNG.

Russian President Vladimir Putin said Thursday that he signed a decree that foreign buyers must pay in rubles for Russian gas starting April 1 and that contracts will be terminated if those payments are not made.

"To buy Russian gas, they must open accounts in rubles in Russian banks. Payments for the gas, which will be delivered from tomorrow, will be made from these accounts," Putin said."

"If such payments are not made, we will consider it a failure on the part of the buyers, with all the ensuing consequences. Nobody is selling us anything for free and we are not going to do charity - that is, existing contracts will be terminated," the Russian president clarified.

Putin spoke of an economic war against Russia, launched years ago, aimed at undermining Russia's development.

He accused the US of seeking to profit from global instability and forcing Europeans to pay for US LNG. He adds that this will mean millions of job losses in Europe.

He also said that both the Russian government and the Central Bank should expect further pressure.

Source: in.gr


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