The GuardianThe Guardian

Why is Vladimir Putin demanding Russian gas is paid for in roubles?

By Phillip Inman

31 Mar 2022 · 4 min read

Vladimir Putin has demanded payment in roubles for Russian gas sold to “unfriendly” countries, setting a deadline of 31 March.

It is not clear whether he plans to tear up existing contracts that set the price in euros or dollars, but Germany, which relies on Russia for 40% of its gas supplies, is not taking any chances, warning large industrial gas users that a standoff is possible and rationing is one possible outcome.

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