AdvertisementThe energy crisis dramatically intensified last night as Vladimir Putin threatened to turn off Europe's gas supplies as soon as today if countries refuse to pay in roubles. Separately, Chancellor Olaf Scholz said German companies would continue to pay for Russian gas using euros as stipulated in contracts. Putin also decreed today that foreign buyers of Russian gas will have to use special accounts at Gazprombank to pay for the import of Russian gas. A foreign buyer is now obliged to transfer foreign currency to one special, so called 'K', account. Gazprombank would then transfer rouble funds from a 'K' type account of the foreign gas buyer to Gazprom's rouble accounts, the order said.

Source: Daily Mail April 01, 2022 07:29 UTC