RUSSIA SAYS IT WANTS TO EXPAND ROUBLE USE IN ENERGY EXPORTS BUT NO DEADLINES YET

Fri 15 April 2022:

Kremlin spokesperson Dmitry Peskov said on Friday that Russia wanted to expand the use of the rouble for energy exports, but that it was too early to talk of deadlines and details. “The president has set a methodical and step-by-step approach to expanding the use of national currencies”, Peskov told reporters on a conference call.

Russian President Vladimir Putin said on Thursday that the role of national currencies in export deals should rise, amid Russia’s stated desire to switch to roubles in payments for its gas supplies, mainly to Europe.

Buyers agree to pay in roubles for Russian gas

Several buyers of Russian gas have agreed to switch to payments in roubles, Russian Deputy Prime Minister Alexander Novak said on Friday. “We expect the decision (to switch to roubles) from other importers,” he added, in comments published in the ministry’s in-house magazine. He did not disclose the identities of customers who had already switched.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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