“Putin tells Europe: Pay in roubles or we’ll cut off your gas”
April 1, 2022
“Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Germany said amounted to “blackmail”.
Putin’s decree on Thursday leaves Europe facing the prospect of losing more than a third of its gas supply. Germany, the most heavily reliant on Russia, has already activated an emergency plan that could lead to rationing in Europe’s biggest economy…”
https://finance.yahoo.com/news/russia-sets-deadline-rouble-gas-151646430.html
Does this plan involve reopening pipelines? I bet it don’t. It’s a bad plan. Also this is bad news for the dollar. The dollar is linked to oil/gas. If countries stop trading in US dollars its bad for us.