Hungary To Pay for Russian Gas in Rubles As EU Looks To Increase Sanctions
As the EU considers new sanctions against Russia, the Hungarian government has stated that it will pay for Russian gas supplies in rubles.
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Europeans ‘Don’t Know What Rubles Look Like’ – EU Resists Order to Buy Gas In Russian Currency
BRUSSELS (AP) – President Vladimir Putin’s threat to have “unfriendly” countries pay for Russian natural gas exports only in rubles from now on got the not-so-friendly treatment from European Union nations Thursday.
Putin Attacks Petrodollar System, Demands ‘Unfriendly’ Nations Purchase Gas in Rubles
Vladimir Putin demanded “unfriendly” countries buy gas in rubles rather than dollars or euros in an attack against US global hegemony.
Russia Sold Half Its U.S. Treasury Holdings as New Sanctions Hit
Compared with a year ago, Russia’s Treasury holdings have contracted by 54 percent. Most of that decline came in the last few months.
