Putin Signs Order Demanding Gas Payments in Rubles

Putin Signs Order Demanding Gas Payments in Rubles
Russian President Vladimir Putin attends a meeting with his Azerbaijani counterpart at the Kremlin in Moscow on Feb. 22, 2022. Mikhail Klimentyev/Sputnik/AFP via Getty Images
Jack Phillips
Updated:
Russian President Vladimir Putin said on Thursday he signed a decree that mandates “unfriendly” foreign buyers must pay in rubles for Russian gas starting on April 1.

If payments aren’t made in Russia’s currency, contracts will be halted, the Russian president said. A number of European countries rely heavily on Russian gas and oil, meaning that a halt in gas exports could plunge those countries into a significant energy crisis.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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