Russia will stop supplying gas to countries it considers “unfriendly” unless they pay in roubles, according to a presidential decree effective immediately.
Buyers in 48 countries, including the EU, will be required to open a bank account both in foreign currency and in roubles at Gazprombank in Russia, according to the decree published on Thursday. The targets are countries that have established sanctions against Russia’s economy, governing and business elite for its invasion of Ukraine.
Vladimir Putin on Thursday said Russia was establishing “a clear and transparent scheme” for these foreign customers.
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