Russian President Vladimir Putin has disclosed plans to demand that international locations Russia deems “unfriendly” pay for pure fuel exports solely in rubles.
The transfer is seen as an effort to cease the unstable Russian foreign money from plummeting additional.
At an internet assembly together with his Cabinet on Wednesday, Putin criticized the West and its allies for having frozen Russia’s international foreign money reserves.
Putin mentioned it “makes no sense whatsoever” to provide Russian commodities to the European Union and the United States and obtain fee in {dollars}, euros and different currencies.
He mentioned he made the choice to implement as quickly as attainable measures to switch funds for Russia’s pure fuel equipped to the so-called unfriendly nations to rubles.
Russia earlier launched an inventory of nations and territories that had taken what it known as “unfriendly” motion in opposition to Moscow following its invasion of Ukraine.
Japan, the United States and European Union member states are included on the listing.
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