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Russia will view refusal of paying for gas in rubles as breach of contract — Putin

Summary:
MOSCOW, March 31. /TASS/. If gas buyers from unfriendly states refuse to pay for gas in rubles, Russia will view it as breach of contract, President Vladimir Putin said at the meeting on the situation in the aviation sector."If such [ruble] payments are not made, we will consider this to be the buyers’ failure to perform commitments with all ensuing implications," Putin said....TASS (Russian state media)Russia will view refusal of paying for gas in rubles as breach of contract — Putinhttps://tass.com/economy/1430513See alsoZero HedgePutin Signs Decree Ordering Gas Exports To Be Halted If Buyers Don't Pay In Rubleshttps://www.zerohedge.com/commodities/putin-signs-decree-ordering-gas-exports-be-halted-if-buyers-dont-pay-rublesNote: USD/RUB rate now trading back up at pre-war level.

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MOSCOW, March 31. /TASS/. If gas buyers from unfriendly states refuse to pay for gas in rubles, Russia will view it as breach of contract, President Vladimir Putin said at the meeting on the situation in the aviation sector.

"If such [ruble] payments are not made, we will consider this to be the buyers’ failure to perform commitments with all ensuing implications," Putin said....

TASS (Russian state media)
Russia will view refusal of paying for gas in rubles as breach of contract — Putin
https://tass.com/economy/1430513

See also

Zero Hedge
Putin Signs Decree Ordering Gas Exports To Be Halted If Buyers Don't Pay In Rubles

https://www.zerohedge.com/commodities/putin-signs-decree-ordering-gas-exports-be-halted-if-buyers-dont-pay-rubles

Note: USD/RUB rate now trading back up at pre-war level.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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