Moscow is considering extending a rouble payment plan to include exports of oil, grain, fertilisers, coal, metals and other key commodities
But Russia’s demand had already enhanced security supply concerns, with companies and EU nations scrambling to plan for potential consequences.
RheinEnergie's Niehl combined heat and power plant in the Niehl district of Cologne. The German government said Wednesday it was triggering the early warning level for gas supplies amid concerns that Russia could cut off supplies unless it is paid in roubles. “Contracts have a take or pay clause, so it won’t be easy in legal terms. It looks like a game of ‘who will breach the contract first’”.Yesterday top Russian lawmaker, Vyacheslav Volodin,that rouble payments should be extended to oil, grains, metals, fertiliser, coal and timber on global markets where it is profitable to do so.
Desperate for roubles, is Moscow willing to play hardball and cut off gas supplies to Europe out of short-term political expediency that might play well at home, but jeopardise its long-term economic interests?
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