Europe and Russia are locked in a stand-off over Moscow insisting that its gas be paid for in roubles, raising the prospect of a halt in supplies as the Kremlin doubles down on its demands.
Russian officials said on Tuesday that Moscow will not “supply gas for free” to Europe, a day after G7 countries had unanimously rejected President Vladimir Putin’s directive.
“Payments will be accepted in roubles only,” Kremlin spokesperson Dmitry Peskov was quoted as saying by Russian state news agency Interfax. “Companies need to understand the changed market situation, the absolutely new reality that has emerged amid the economic war waged on Russia.”
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