Peskov: Russia to seek payments in rubles for more goods

Kremlin spokesman Dmitry Peskov said on Sunday that Russia is likely to extend its requirement of payments in rubles from gas to other exported goods. Peskov also warned that the sanctions against Russia could result in “the erosion of confidence in the dollar and the euro” and prompt other countries to “work out options for mutual settlements of national currencies.”Earlier, Russian President Vladimir Putin required “unfriendly” countries to pay for Russian gas in rubles and warned gas contracts will be frozen if they refuse to do so. However, European countries insisted they will continue paying for the gas in dollars or euros and Moscow clarified they will be able to do so through the Gazprom bank which will then convert the received money into rubles. NN: When the EU relies upon Russia for 50% of their energy needs and 25% of their food supplies. I would suggest that Putin has got them by the balls.