Friday, April 1, 2022

Putin pushes out Rubles for Gas Plan – but only for a Day

Screenshot of the Article about Putin's Plan to accept only Rubles for Gas
Screenshot of the Article about Putin's Plan to accept only Rubles for Gas

Russian President Vladimir Putin had initially scheduled his Rubles for Gas Plan to be implemented on March 31, 2022, but is now pushing it out … But only for a Day, to today, April 1, 2022.

The Plan called for those Countries which were deemed to be “Unfriendly to Russia” be put on a List and be required to only buy Natural Gas from them using the Russian Ruble Currency. They will be required to open a Ruble Account with the Central Bank of Russia to do so. 

So far the European Countries, particularly Germany who is heavily reliant on the Gas from Russia are trying to fight the Plan. But if they will not do so, then Russia will cut off the Gas supply to them. 

Because of this Plan, the Ruble has strengthened considerably against the United States (US) Dollar in the last couple of Days.

SOURCE: Putin tells Europe: Pay in Roubles or we'll cut off your Gas {Archived Link}

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