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Putin wants the West to defeat the purpose of its own sanctions

Posted on AllSides March 24th, 2022
From The Center
ALEXANDER ZEMLIANICHENKO / REUTERS
ANALYSIS

Vladimir Putin is insisting that 48 “hostile nations“—the US, the UK, and the EU’s members among them—pay for Russian gas in rubles. The demand is more than provocation; it’s a strategy to force the West to dilute the effects of its own sanctions on Moscow.

In 2021, these hostile nations paid roughly $69 billion for gas from Gasprom, the Russian state-owned company. To make a similar scale of payments this year, countries will have to procure around 6-7 trillion rubles. In a meeting with officials on Mar. 23, Putin told the Central Bank of...

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https://qz.com/2146333/russia-wants-the-west-to-pay-for-oil-and-gas-in-rubles/

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