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AP National Business

Putin’s demand for ruble payments? No way! say EU nations

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Published 4:13 PM

By RAF CASERT and SAMUEL PETREQUIN
Associated Press

BRUSSELS (AP) — President Vladimir Putin’s threat to have “unfriendly” countries pay for Russian natural gas exports only in rubles from now on has got the not-so-friendly treatment from European Union nations. Several EU leaders have come out saying it would be a gross violation of their contracts. From German Chancellor Olaf Scholz to Italian Prime Minister Mario Draghi, they said they would not meet such demands. The Russian threat is potent since the EU imports 90% of the natural gas used to generate electricity, heat homes and supply industry, with Russia supplying almost 40% of EU gas.

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