Gas sales to 'unfriendly countries' will be in roublespublished at 23:54 Greenwich Mean Time 23 March 2022
Russian gas sales to certain nations will be conducted in roubles, President Vladimir Putin said in a televised meeting with government ministers on Wednesday.
He said sales to "unfriendly" nations that imposed sanctions on Russia after its invasion will be affected.
Around 40% of Europe gets its gas from Russia. The announcement from Putin immediately rattled the energy markets.
"Russia will continue, of course, to supply natural gas in accordance with volumes and prices... fixed in previously concluded contracts," Putin said.
"The changes will only affect the currency of payment, which will be changed to Russian roubles," he continued.