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France’s ‘No’ After Russia, Hit By Sanctions, Seeks Gas Payments In Ruble



Russia has been hit laborious by the sanctions imposed by the West over his invasion of Ukraine.


French President Emmanuel Macron on Friday dismissed Russian President Vladimir Putin’s demand for Europe to pay for fuel in rubles as he accused Moscow of attempting to sidestep sanctions over its warfare on Ukraine.

Macron informed journalists after an EU summit in Brussels that the Russian transfer “is not in line with what was signed, and I do not see why we would apply it”.

Putin made the demand this week as Moscow struggles to prop up its economic system within the face of debilitating sanctions imposed by the West over his invasion of Ukraine.

Macron mentioned that “we are continuing our analysis work” following the Kremlin’s manoeuvre.

But he insisted “all the texts signed are clear: it is prohibited. So European players who buy gas and who are on European soil must do so in euros”.

“It is therefore not possible today to do what is requested, and it is not contractual,” he mentioned.

The French chief mentioned he believed Moscow was utilizing the step as “a mechanism to circumvent” EU sanctions in opposition to it for the assault on Ukraine.

Major fuel purchaser Germany has denounced the transfer and Chancellor Olaf Scholz on Friday reiterated that the contracts clearly stipulated how the fuel must be paid for.

Europe is scrambling to cut back its reliance on Russian fuel. It continues to funnel a whole lot of hundreds of thousands of euros every day to Moscow in power funds, that are at present outdoors the scope of the sanctions.

Some EU nations have referred to as for the bloc to ban Moscow’s key power exports, however the transfer has up to now been stymied by nations together with Germany that stay too cautious of the price of reducing the twine.

(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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