Hungary Says Rubles-for-Russian Gas Plan Breaches No EU Sanctions

Hungary Says Rubles-for-Russian Gas Plan Breaches No EU Sanctions
A 3D printed Natural Gas Pipes are placed on displayed EU and Russian flags in this illustration taken, on Jan. 31, 2022. Dado Ruvic/Reuters
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BUDAPEST—Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into rubles to meet a new requirement set by President Vladimir Putin, Foreign Minister Peter Szijjarto said on Monday.

Putin has warned Europe it risks having gas supplies cut unless it pays in rubles as he seeks retaliation over Western sanctions for Moscow’s invasion of Ukraine.