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G7 refuses to pay for Russian gas in rubles

Speaking at a press conference, the German Energy Minister emphasized that this is a one-sided action and a violation of existing contracts.

The G7 countries have urged affected companies not to comply with Russia’s request.

Earlier, President Putin authorized government officials, the Central Bank of Russia and Gazprombank to take the necessary steps to transfer all Russian natural gas payments from countries that do not friendly to the ruble starting March 31.

Kremlin spokesman Dmitry Peskov also stressed that Russia will not provide free gas to Europe and will not compromise if Europe refuses to pay in Russian currency.

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