Vladimir Putin announced on Wednesday that Russia will stop accepting payments in dollars or euros for gas supplies to the European Union. and gave the Russian authorities a week to apply the new ruble system.
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“I have made the decision to implement a set of measures to move to payment in rubles for our gas supplied to hostile countries“, the Russian president said at a government meeting, explaining that this is a reaction to the freezing of Russian assets by Western countries.
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Russia is the largest supplier of natural gas to the EU, accounting for more than 40% of imports. The EU, which also relies on the country for most of its coal and oil import needs, is struggling to shift its energy policy away from Russia.
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The possibilities that the western bloc handles
The European Union and the United States are working on a deal that would aim to secure supplies of US liquefied natural gas and hydrogen to EU member states as the bloc works to end its reliance on Russian energy.
Joe Biden and European Commission President Ursula von der Leyen could announce a deal this week while the US president is in Brussels meeting with NATO, the G7 and EU allies, according to diplomatic correspondence seen by Trump. Bloomberg.
The deal would seek to guarantee Europe’s energy supply for the next two years, according to an official familiar with the plans, who asked not to be identified because the talks are private.
Biden’s national security adviser, Jake Sullivan, said at a briefing Tuesday that the president and European allies would announce “joint action to improve European energy security and finally reduce Europe’s dependence on Russian gas.”
The US is unlikely to guarantee specific quantities of supplies to the EU, according to the official. It is unclear how the deal would work and whether it would include any pricing agreements. As it is, European buyers are competing with Asian countries for the world’s limited supply of LNG cargoes.
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AFP
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