Either payment in rubles, or suspension of contracts from April 1

Russian President Vladimir Putin warned about “closing the valve” on the gas pipeline. The alternative is to pay for deliveries from tomorrow in rubles.

Edition cnn.gr quotes the President of the Russian Federation:

“No one is selling us anything for free, and we will not do charity work.”

Today, Putin signed a decree obliging “unfriendly countries” from April 1, that is, from tomorrow, to pay for gas in rubles through Russian banks. In the absence of such payment, contracts will be suspended and gas will be cut off.

From April 1, foreign buyers must open special accounts with Gazprombank so that they can pay payments for gas supplies, and the bank, exempt from the sanctions regime, will take over the conversion of foreign currency into rubles. Putin warned:

“If such payments are not made, we will consider this a default by buyers with all the ensuing consequences. Nobody sells us anything for free, and we will not do charity work. This means that existing contracts will be terminated.”

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