Putin’s response and the rise in the ruble price against the dollar provokes an interaction.. Faisal Al-Qasim comments

Dubai, United Arab Emirates (CNN) – The exchange rate of the Russian ruble against the US dollar rose, Thursday, to 81.75 rubles per dollar, after reaching record levels of 117 rubles per dollar after the announcement of Western sanctions against Russia.

The appreciation of the ruble against the dollar prompted statements by Russian President Vladimir Putin, on Thursday, who said that according to the newly signed decree on natural gas trade with “unfriendly countries”, companies will need to have accounts in Russian banks and pay contracts in rubles.

In response to Putin’s statements, the German and French Economy Ministers said, on Thursday, that they are committed to existing agreements with Russia regarding the payment of payments for Russian gas supplies in euros only.

A spokesman for British Prime Minister Boris Johnson said Thursday that Britain would not accept the Russian president’s request to pay for Russian gas in rubles, adding that British Energy Secretary Kwasi Quarting had made it clear that “this is not something the United Kingdom will consider.”

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