Putin Signs Decree Ordering Gas Exports To Be Halted If Buyers Don't Pay In Rubles | ZeroHedge
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Contrary to expectations that Vladimir Putin was bluffing about collecting rubles in exchange for Russian energy exports, moments ago a decree signed by the Russian president confirmed that that was not the case.
Indicating Russia's operational readiness to follow through with the plan, Interfax adds that Putin has ordered for special accounts for gas payments to be opened at Gazprombank which will sell gas FX on a Moscow exchange.
In kneejerk response to the news, US nat gas prices spiked - perhaps in anticipation that much of US output will now be LNG-ed over to Europe, potentially creating a US shortage in due course...
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Well curious to see how this plays out. Winter is ending but I am sure this will cause some major headaches for Germany etc. if they don't comply. Maybe for us also price wise depending on how this plays out.