Russian President Vladimir Putin informed German Chancellor Olaf Scholz regarding the decision to switch to payments for Russian gas in rubles, the Kremlin press service reported. The two leaders had a phone conversation on Wednesday.
"Vladimir Putin informed the Federal Chancellor on the subject of switching to payments for gas supplies in Russian rubles, in particular, for Germany. The change in the payment procedure is being introduced due to the fact that, in violation of international law, the foreign exchange reserves of the Bank of Russia were frozen by the EU member-states," the statement said.
Besides that, Putin and Scholz agreed that the transition to paying for Russian gas in rubles will discussed by experts from the two countries.
"It was noted that the decision taken should not lead to a deterioration in the contractual terms for European companies, which import Russian gas. It was agreed that experts from the two countries would additionally negotiate on this matter," the press service said.
