Gas prices rise in Britain after Putin’s announcement

Daily Express reports 18% rise in UK gas prices after Putin’s announcement

In the UK, gas prices skyrocketed after Russian President Vladimir Putin announced the transfer of settlements with “unfriendly countries” in rubles. This is reported by the British edition of the Daily Express.

As indicated in the publication, the wholesale price rose 18 percent to 259.50 pence. They indicated that about 40 percent of European gas comes from Russia. Also against the background of the statement of the Russian president about the refusal to pay for goods in foreign currency, the national Russian currency became stronger.

On March 23, gas prices in Europe were reported to be up 20 percent, reaching $1,370 per thousand cubic meters. The price increase per day was 16.7 percent.

Vladimir Putin decided to transfer payments for gas supplies to Europe in rubles as soon as possible. According to the head of state, Russia will refuse to accept payment for natural gas supplies in compromised currencies, including dollars and euros. In this regard, the President of Russia has instructed the Central Bank and the government to determine within a week the order for the purchase of rubles in the domestic market by buyers of Russian gas.

Source: Lenta

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