Putin to Europe: Pay for Your Gas in Rubles or We’ll Cut You Off

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Putin to Europe: Pay for Your Gas in Rubles or We’ll Cut You Off
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The Russian president gave “unfriendly” countries until Friday to open accounts with state-controlled Gazprombank

Russia’s Vladimir Putin has signed a decree demanding that “unfriendly” countries that rely on Russian gas pay in rubles—or be cut off completely starting Friday.

The decree signed by Putin says buyers must open accounts in state-controlled Gazprombank in order to exchange their foreign currency for rubles. The bank is currently under U.K. sanctions.

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