Putin directs European countries to pay in local currency or he halts gas supply

Russia hits back at ‘unfriendly’ countries, especially Europe in response to sanctions placed on its economy.

The Kremlin stated categorically that, the condition for such countries to continue receiving gas supply is to make payments in its local currency, Roubles.

According to the new directive, countries which fall in the category “must open rouble accounts in Russian banks” with which all transactions will be performed.

President Putin who signed an order to that effect on Thursday said, “Nobody sells us anything for free, and we are not going to do charity either – that is, existing contracts will be stopped.”

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“If these payments are not made, we will consider it a failure of the buyer to fulfil its obligations, with all the ensuing consequences,” he added.

A Kremlin Spokesman, Dmitry Peskov who later clarifies issues surrounding the directive said, “I was asked a lot of questions whether this means that if there is no confirmation in Roubles, then gas supply will be cut off from April 1. No, it doesn’t.”

“Payment for the actual deliveries that are going on now does not need to be made today. and it should be made somewhere at the end, in the second half of the month of April, or even at the beginning of May.”

Meanwhile, Germany has already informed its citizens ahead of a future gas price hike following new measures from Russia.

The Russian Roubles has so far gained in value after plummeting deep following sanctions from western allies at the start of the invasion.

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