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German Chancellor Olaf Scholz: Germany rejected Russia’s announcement to pay for the gas deal in rubles

Berlin | German Chancellor Olaf Scholz on Thursday rejected Russian President Vladimir Putin’s announcement that the pure fuel deal can be paid in rubles. Mr Scholz stated this at a information convention after the Group of Seven (G7) leaders’ assembly in Brussels.

After Mr. Putin’s current announcement that Russia would now settle for funds for fuel exports solely in rubles to international locations that aren’t pleasant, Mr. Scholz stated through which forex the fee can be made, That’s a part of the related contract.

He stated funds are normally made in euros or {dollars}. Mr. Scholz says, “Under most agreements or treaties it is made clear in which currency the payment will be made.”
Russian President Vladimir Putin stated in a video-link assembly with the federal government on Wednesday that Russia will now settle for “payments for gas exports to unfriendly countries only in rubles, and not in euros or dollars.”

These unfriendly international locations embrace the US, together with members of the European Union. Russia needs to introduce a rule within the shortest attainable time, through which the forex of fee is fastened within the ruble. It has now began with pure fuel.

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