Showing posts with label payment in rubles. Show all posts
Showing posts with label payment in rubles. Show all posts

Sunday, April 03, 2022

How Putin’s Demand for Ruble Payments for Gas Will Play Out (w/ Richard Wolff)

Mar 30, 2022 • Germany buys 40% of its gas from Russia, via the Nord Stream 1 pipeline. These contracts are in euros and dollars, yet Russia is now demanding payment in Roubles. Germany has declined and warned that there may be shortages and rationing of gas.