Putin: Russian gas must now be paid for in rubles

The “unfriendly states” that Russia has blacklisted are affected. This includes Germany and all other EU countries, but also the USA, Canada and Great Britain. The announcement promptly strengthened the Russian currency, which is under massive pressure.

Switching from currency and ruble payment

The central bank and the Russian government now have a week to determine the modalities for switching from foreign exchange payments to ruble payments, Putin said. The West itself has devalued its currencies by freezing Russian assets abroad. As a result, the ruble appreciated by 5.5 percent once morest the dollar.