On Wednesday, in a significant development, Russia halted gas supplies to Poland and Bulgaria after both countries rejected Moscow’s demand to pay for Russian gas in Rubles. The development comes in the wake of massive sanctions by Western countries against… Read More ›
In a statement the National Settlement Depository said, Russian lender VTB has made coupon payments in roubles to holders of its domestic subordinated bonds denominated in dollars and euros. Russia’s ability to continue to service its debt in foreign currencies despite… Read More ›
In a statement Germany’s German economy and climate protection minister Robert Habeck said, energy ministers from the Group of Seven industrialized countries have rejected demands by Russian President Vladimir Putin to pay for Russian gas in Rubles. “All G7 ministers… Read More ›
In a statement Russian President Vladimir Putin said, unfriendly countries will have to pay for gas in rubles. Following the announcement European gas prices soared since the move will exacerbate the region’s energy crunch. Western nations led by the United… Read More ›
Moscow aims to trim its exposure from to U.S. sanctions. On Sunday, in a significant development, Russian Economy Minister Maxim Oreshkin stated, Moscow is exploring alternatives to the U.S. dollar for energy transactions and is evaluating currency settlements in euros… Read More ›
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