Several buyers will pay for Russian LNG in Rubles: Alexander Novak

In a statement Russian Deputy Prime Minister Alexander Novak said, several buyers have approached Moscow to buy gas and have agreed to pay in Rubles.

He went on to add, “We expect the decision (to switch to roubles) from other importers”.

Incidentally, he did not disclose the identities of customers who had agreed to switch to Ruble, in a development that marks an increased de-dollarization.

Last month, Russian President Vladimir Putin had said, “unfriendly” countries will have to pay for Russian gas in Rubles.

He also warned Europe of risks of gas supplies from Moscow unless payments are made in Rubles.

Russia adopted the move as a retaliation over Western sanctions, over its so called “special military operation” in Ukraine.

Armenia has made several payments in Rubles for Russian gas, said Armenian Economy Minister Vagan Kerobyan.

Hungary’s Foreign Minister Peter Szijjarto has stated, it plans to pay for Russian gas in euros through Gazprombank.

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