OilPrice.com - Vladimir Putin’s demand for “unfriendly” nations to pay for natural gas in Rubles has yet to impact gas flows.
- The Kremlin has announced that this is a “prototype” and expressed confidence that the same policy will be extended to other goods and exports.
- The demand for Rubles does not make much economic sense, but it may simply be a way for Russia to skirt sanctions.
Vladimir Putin’s insistence that “unfriendly” nations pay in rubles for natural gas is just the beginning of a Russian export policy that will see fewer U.S. dollars being used in transactions for goods, especially for energy, according to the Kremlin…
