https://sputnikglobe.com/20220330/new-mechanisms-on-ruble-payments-for-gas-are-time-consuming-kremlin-says-1094321289.html
New Mechanisms on Ruble Payments For Gas are 'Time-Consuming', Kremlin Says
New Mechanisms on Ruble Payments For Gas are 'Time-Consuming', Kremlin Says
Sputnik International
MOSCOW (Sputnik) - New mechanisms on ruble payments for gas will not start operating from Thursday, Kremlin spokesman Dmitry Peskov said on Wednesday. 30.03.2022, Sputnik International
2022-03-30T10:45+0000
2022-03-30T10:45+0000
2023-04-12T17:15+0000
russia
gas
payments
ukraine
european union (eu)
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"No, absolutely. Payment and deliveries are a time-consuming process," Peskov told reporters when asked if new rules apply from 31 March.The spokesman did not disclose possible solutions for switching to payments in rubles for gas but promised that they would be announced on Thursday.On 23 March, Russian President Vladimir Putin announced that Russia would transfer payments for gas supplies into rubles for "unfriendly countries". He explained that after the West "froze" Russian dollar and euro assets, "supplying our goods to the European Union and the United States and receiving payment in dollars, euros, and a number of other currencies" would no longer make any sense to Moscow.Putin instructed the Russian Central Bank and the cabinet to determine the procedure for transactions with Europe in rubles within a week. He added, however, that Russia would continue to supply gas in volumes and at prices fixed in the contracts. The idea of switching to rubles in payments for gas comes as part of Russia’s response to the unprecedented European sanctions imposed on Moscow in reaction to its special military operation in Ukraine.
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New Mechanisms on Ruble Payments For Gas are 'Time-Consuming', Kremlin Says
10:45 GMT 30.03.2022 (Updated: 17:15 GMT 12.04.2023) MOSCOW (Sputnik) - New mechanisms on ruble payments for gas will not start operating from Thursday, Kremlin spokesman Dmitry Peskov said on Wednesday.
"No, absolutely. Payment and deliveries are a time-consuming process," Peskov told reporters when asked if new rules apply from 31 March.
The spokesman did not disclose possible solutions for switching to payments in rubles for gas but promised that they would be announced on Thursday.
On 23 March, Russian President Vladimir Putin announced that Russia would transfer payments for gas supplies into rubles for "unfriendly countries". He explained that after the West "froze" Russian dollar and euro assets, "supplying our goods to the European Union and the United States and receiving payment in dollars, euros, and a number of other currencies" would no longer make any sense to Moscow.
Putin instructed the Russian Central Bank and the cabinet to determine the procedure for transactions with Europe in rubles within a week. He added, however, that Russia would continue to supply gas in volumes and at prices fixed in the contracts. The idea of switching to rubles in payments for gas comes as part of Russia’s response to the unprecedented European sanctions imposed on Moscow in reaction to its special military operation in Ukraine.
