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G7 rejects Russia's demand to pay for gas in rubles

From mainichi.jp

The Group of Seven major economies agreed Monday to reject Moscow's demand to pay for Russian natural gas exports in rubles. German energy minister Robert Habeck told reporters that "all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts" for natural gas, which is used to heat homes, generate electricity and power industry. The energy ministers of France, Germany, Italy, Japan, the United States, the United Kingdom and Canada, as well as the European Union energy commissioner, met by videoconference and reaffirmed that contracts "must be respected," ... (full story)

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  • Category: Fundamental Analysis