Bloc sees payment switch as breach of current contracts
The Group of Seven major economies have collectively agreed to reject Moscow’s demand to pay for energy imports from Russia in rubles, according to Germany’s energy minister Robert Habeck.
“All G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts,” Habeck told journalists on Monday.
The minister added that “payment in ruble is not acceptable” and that the nations will urge the companies affected “not to follow” the demand voiced by Russian President Vladimir Putin last week.
On Monday, the Russian president ordered the government, the central bank, and Gazprombank to develop the necessary tools to switch all payments for Russian natural gas from “unfriendly states” to rubles starting March 31.
Kremlin spokesperson Dmitry Peskov said that Russia will stop shipping natural gas to countries rejecting the demand.
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https://ift.tt/fNodlqu 28, 2022 at 06:14PM
from RT – Daily news