Russia will convert payments for gas supplies to unfriendly countries into rubles, Vladimir Putin said .
“It makes no sense for us to deliver our goods to the European Union, the United States, and receive payment in dollars, euros, and a number of other currencies. Therefore, I decided to implement a set of measures to transfer payments as soon as possible – let’s start with this, from our natural gas, to the transfer of payment for our natural gas, supplied to the so-called unfriendly countries, for Russian rubles. That is, to refuse to use all compromised currencies in such calculations,” he said.
The head of state stressed that deliveries would continue in accordance with the volumes and prices stipulated in the contracts.
The relevant directive will be sent to Gazprom.
Against this background, the Russian currency began to grow, the dollar fell below 100 rubles.
Russia launched a military operation on February 24 to demilitarize and denazify Ukraine . In response, Western countries announced large-scale sanctions against Moscow , primarily in the banking sector and the supply of high-tech products. Some brands have announced they will stop working in the country.
The Kremlin called these measures an economic war like no other. The authorities stressed their readiness for such a development of events and assured that they would continue to fulfill their social obligations. The Bank of Russia is taking measures to stabilize the situation on the foreign exchange market. As Prime Minister Mikhail Mishustin said earlier , the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives. The amount of its funding will be about a trillion rubles.
President Vladimir Putin on the eve signed a decree expanding the powers of regional authorities in the socio-economic sphere. The document also obliges them to increase social benefits, provide targeted support to citizens, ensure price stability for essential goods, control the situation on the labor market and reduce administrative barriers for private businesses. The president also announced an increase in pensions, a living wage and salaries for state employees.