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Putin talks tough on gas-for-rubles deadline. But Europe is not too worried

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Russian President Vladimir Putin has demanded so-called “unfriendly” countries pay for Russian gas in rubles.

Mikhail Klimentyev | Afp | Getty Images

Russian President Vladimir Putin has sought to ratchet up the pressure on foreign buyers of natural gas, telling so-called “unfriendly” countries to pay in rubles from Friday — or have their supplies cut off.

Perhaps surprisingly, however, the leaders of Germany and Italy appear unfazed by Putin’s rhetoric.

That’s because they believe European customers won’t be bound by the Kremlin’s new mechanism and can instead continue paying for Russian gas in euros or dollars.

Putin on Thursday issued a decree insisting foreign buyers of Russian gas must…



Source cnbc.com

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