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The Latest Breaking News from Gazprom

Breaking Ranks with EU, Hungary Says Ready to Pay for Russian Gas in Roubles

Hungary said on Wednesday it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow's demand for payment in the currency. Hungary will pay for shipments in roubles if Russia asks it to, Prime Minister Viktor Orban…

Asharq Al-Awsat

Baltic states end Russian gas imports – but can the rest of Europe follow suit?

Global outrage over the gruesome killing of civilians in Ukraine's Bucha has heightened the pressure on Europe to halt its imports of Russian gas. Having led the way, Lithuania and its Baltic neighbours are urging their EU partners to join them in ending all purchases of Moscow’s “toxic” gas.

France 24

Russia maintains gas deliveries as Europe considers fresh sanctions

Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as European leaders urged further sanctions against Moscow amid allegations of war crimes in Ukraine.

Reuters

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Lithuania first country to stop using Russian gas in milestone anti-Ukraine war move

The Lithuanian Government announced that from the start of April the country has been operating without Russian gas before slamming the EU - which gets 40% of its crude from Gazprom - for failing to cut off its reliance on Russian energy

Daily Mirror

Rising prices and wages land councils with their own cost-of-living crisis

As the squeeze on household budgets tightens, many will turn to local authorities for help: but their councillors are also struggling with inflation

The Guardian - UK

Poison, planes and Putin: Abramovich’s race to save a fortune and stop the war

Since Ukraine was invaded, the Russian oligarch has been rushing to salvage his assets while conducting back-channel peace talks

Financial Times

Russia not turning off gas taps, buyers have weeks for rouble pay

Kremlin says no immediate end to deliveries, decision about payments in roubles to come into effect from later in April.

Al Jazeera

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France, Germany prepare for potential halt of Russian gas imports

Germany and France are preparing for Russian gas supplies to dry up after President Vladimir Putin announced that EU purchases must be made in rubles starting from 1 April. Berlin has already warned that Europe would not be "blackmailed" by Moscow.

Radio France Internationale

What is behind Putin’s demand for Russian gas be paid in roubles?

Moscow threatens to halt contracts supplying Europe with a third of its gas unless they are paid in Russian currency.

Al Jazeera

France, Germany reject Putin demands for gas payments in roubles as 'blackmail'

Russian President Vladimir Putin announced Thursday that all EU purchases of Russian gas must be made in roubles starting April 1, a demand immediately rejected by French and German officials who said they were preparing for a possible halt in Russian supplies. Europe will not be "blackmailed" by Putin, Germany's…

France 24

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

Plan could be extended to include exports of oil, grain, fertilisers, coal, metals and other key commodities

The Guardian - UK

All Russia’s Big Exports Could Soon Be in Roubles, Kremlin Signals

The Kremlin indicated on Wednesday that all of Russia's energy and commodity exports could be priced in roubles, toughening President Vladimir Putin's attempt to make the West feel the pain of the sanctions it imposed for the invasion of Ukraine. With Russia's economy facing its gravest crisis since the 1991…

Asharq Al-Awsat

EXPLAINER: What would paying for natural gas in rubles mean?

Russia is demanding payment in rubles for its natural gas exports to Europe

The Independent UK

Vladimir Putin: risk-taker who is gambling his country's future

In the early 1990s, when he was deputy mayor of St Petersburg, Vladimir Putin was known to a member of the city’s legislature, Viktor Talanov. A psychologist by profession, Talanov prepared a study of Putin in which he concluded that one of his subject’s fundamental psychological characteristics was a very…

The Conversation

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The Independent UK

EXPLAINER: What would paying for natural gas in rubles mean?

Russia is demanding payment in rubles for its natural gas exports to Europe

Tribune News Service

G-7 rejects Putin demand for ruble payments for Russian gas

Energy ministers from the Group of Seven industrialized nations unanimously rejected Russian President Vladimir Putin’s demand that natural-gas contracts be paid in rubles.

Al Jazeera

Russia-Ukraine latest updates: Biden defends Putin remarks

Ukraine news from March 28: Joe Biden refuses to backtrack after saying Vladimir Putin ‘cannot remain in power’.

The Guardian - UK

Football in Russia is crashing and isolation can only hasten its decline

Russian football’s trajectory has been downwards for some time and the country’s pariah status spells disaster for its clubs and national team

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The Conversation

Putin’s roubles-for-gas demand is no serious threat to US dollar reserve status – here's why

President Vladimir Putin’s demand that “unfriendly countries” henceforth pay for Russian gas in roubles has had several immediate effects. With the Europeans given one week to switch to paying in the Russian currency, it has driven up the price of natural gas, making it more expensive for them to maintain…

Reuters

Russia warns West: gas bills in roubles are just days away

Russia warned the West on Friday that billing in roubles for billions of dollars of natural gas exports to Europe could be just days away, Moscow's toughest response yet to crippling sanctions imposed by the West for the invasion of Ukraine.

The Guardian - UK

Inflation pressures hit consumer confidence; Moscow stock market falls back – as it happened

Rolling coverage of the latest economic and financial news

Manchester Evening News

Schools warned of sixfold rise in energy costs as council cuts ties with Gazprom

Manchester council said all energy suppliers have raised prices

Radio France Internationale

Only rubles welcome here, Putin tells 'unfriendly' EU nations

President Vladimir Putin said Russia would only accept payments in rubles for gas deliveries to "unfriendly countries", which include all EU members, after Moscow was hit by unprecedented sanctions over Ukraine.

Reuters

Factbox-UK imposes new sanctions on Russian elites and businesses

Britain on Thursday imposed new sanctions on Russian elites and businesses, targeting strategic industries including a defence company that makes drones, major shipping group Sovcomflot and top lender Gazprombank.

The Guardian - UK

Lavrov’s stepdaughter targeted as UK announces 65 new Russian sanctions

Billionaire oil tycoon, six banks and a defence company also included in list

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