Of Tasos Dasopoulos Closer to joint European action to tackle the energy crisis, but also food inflation, are the “anti-sanctions” that Russia is preparing to implement on food and fuel. The first topic of discussion for the Eurozone finance ministers in Luxembourg will be the assessment of the effects of the war on European economies. […]
Tag: ruble
Reuters: The ruble recovery is not as real as it seems
The ruble rebounded to levels that last reached the days before Russia’s invasion of Ukraine, defying predictions that the war would lead to a free fall. The dramatic recovery (the currency lost almost half of its value after the invasion of February 24) is partly due to the real improvement in the Russian economy, as […]
Draghi: Putin assures that gas contracts remain in euros
Italian Prime Minister Mario Draghi said today that Russian President Vladimir Putin had told him that existing gas contracts would remain in force and that European companies would continue to pay in euros and dollars, according to Reuters. “I do not think Western countries did anything other than explain that it would be unacceptable to […]
The scenarios for the energy efficiency of the country
By Harry Floudopoulos With a daily demand for gas at 230GWh, 50% or 115GWh is currently coming from Russia and it will have to be considered how it will be replenished in the event that there is an end to the flow from Moscow. According to the assessment made by the competent bodies during yesterday’s […]
Britain will not pay in rubles for gas, London clarifies
Britain will not pay in rubles for Russian goods such as gas and is in contact with British companies that may be concerned about the issue or the impact it will have on industries and manufacturers across Europe, said a spokesman for Prime Minister Boris Johnson. . The Kremlin announced today that all of Russia’s […]
Russia: We will not immediately ask to be paid in rubles for gas – Gradual transition
LAST UPDATE: 14.55 Russia will not immediately ask other countries to pay in rubles for gas imports, the Kremlin said, promising a gradual transition, noting that Moscow would work on expanding the list of its exported products. will ask to be paid in rubles, according to Reuters. “Proposals to extend ruble payments to other Russian […]
Extraordinary meeting of the RIS crisis management team – The ruble ultimatum expires tomorrow
An emergency meeting of the crisis management team was convened by the Minister of Environment and Energy, Costas Skrekas, today, Wednesday, as the Russian ultimatum expires on March 31 for the payment of gas supply contracts in rubles. According to RIS, the purpose of the meeting is to evaluate alternative scenarios for the adequacy of […]
Energy crisis: Government considers zero Russian gas supply scenario – Extraordinary meeting in the afternoon
LAST UPDATE: 13:17 By Harry Floudopoulos The possibility of a permanent cessation of Russian gas supplies after the end of the month, in response to the threat posed by Vladimir Putin, who has demanded the repayment of Russian gas in rubles, will be considered at an emergency meeting in the afternoon under Minister of Environment […]
Russia – State Duma Speaker to EU: If you want gas, grain or metals, ‘find rubles’
The speaker of the State Duma, lower house of the Russian parliament Vyacheslav Volodin, today warned the EU that if it wants to import gas from Russia, it will have to pay in rubles, adding that the same may apply to exports. oil, cereals, metals, fertilizers, coal and timber. After the West imposed severe sanctions […]
Japan will ask the country’s companies to refuse to pay in rubles
Japan will ask the country’s companies to refuse, if Russia so requests, to pay in rubles for their financial transactions, especially in the energy sector, said today the secretary general of the Japanese cabinet Hirokazu Matsuno. Moscow announced last week that “hostile” countries to Russia should pay in rubles, not euros, for Russian gas after […]
