General

G7 Reject Paying for Russian Energy in Rubles

Berlin, Robert Habeck, Germany’s energy minister said the Group of Seven (G7) major economies have agreed to reject Russia’s demand to pay for Russian energy imports in the Russian currency rubles.

The German minister told reporters today that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts.”

Habeck said after an online meeting with G-7 energy ministers that “payment in ruble is not acceptable and we will urge the companies affected not to follow (Russian President’s demand.”

Asked by reporters earlier today if Russia could cut gas supplies to European customers if they reject the demand to pay for the Russian gas in rubles, Kremlin spokesman Dmitry Peskov said that “we clearly aren’t going to supply gas for free.”

Source: Oman News Agency