"No payment, no gas!" - stated Dmitry Peskov, Kremlin spokesman, when asked what Russia is planning

to do if the Europeans don’t agree to pay for gas in Russian rubles.

Vladimir Putin: "Both the US and the EU have not fulfilled their obligations to Russia. And now everyone in the world knows that obligations in dollars and euros may not be fulfilled. It is quite obvious that in this regard, shipping gas to both the EU and the US and receiving payment in dollars and euros does not make any sense for us. Therefore, I decided to implement a set of measures to transfer payments for our natural gas supplied to unfriendly countries into Russian rubles."

"Russia will certainly continue to supply natural gas in accordance with volumes and prices, fixed in previously concluded contracts. We value our business reputation as a reliable partner and supplier."

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