{"id":28143,"date":"2022-03-28T20:00:46","date_gmt":"2022-03-28T20:00:46","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/paying-for-russian-gas-in-roubles-is-unacceptable-says-g7"},"modified":"2022-03-28T20:09:57","modified_gmt":"2022-03-28T20:09:57","slug":"paying-for-russian-gas-in-roubles-is-unacceptable-says-g7","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/paying-for-russian-gas-in-roubles-is-unacceptable-says-g7","title":{"rendered":"Paying for Russian gas in roubles is &#8216;unacceptable&#8217;, says G7"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>Paying for Russian gas in roubles would be unacceptable, G7 countries reiterated on Monday, with German Economy Minister Robert Habeck saying the demand showed President Vladimir Putin&#8217;s back was &#8220;against the wall&#8221;.<\/p>\n<p>&#8220;All G7 (energy) ministers agreed that this is a unilateral and clear breach of the existing agreements,&#8221; said Habeck, whose country holds the presidency of the Group of Seven most industrialised nations.<\/p>\n<p>&#8220;Payment in roubles is not acceptable and&#8230; we call on the companies concerned not to comply with Putin&#8217;s demand.&#8221;<\/p>\n<p>Putin announced last week that Russia would only accept payments in roubles for natural gas deliveries to &#8220;unfriendly countries&#8221;, which includes all of the European Union.<\/p>\n<p>The move comes as Moscow struggles to prop up its economy in the face of debilitating sanctions imposed by the West over his invasion of Ukraine.<\/p>\n<p>&#8220;I think we must interpret this demand as Putin having his back against the wall,&#8221; Habeck told reporters following a virtual meeting with his G7 counterparts.<\/p>\n<p>The club consists of Britain, Canada, France, Germany, Italy, Japan and the United States.<\/p>\n<p>French President Emmanuel Macron on Friday already rejected Putin&#8217;s gas-for-roubles demand.<\/p>\n<p>The Russian move &#8220;is not in line with what was signed, and I do not see why we would apply it,&#8221; Macron said.<\/p>\n<p>Like other European countries, Germany is racing to reduce its heavy reliance on Russian energy imports in the wake of the Ukraine war.<\/p>\n<p>Germany has to wean itself off Russian oil, gas and coal &#8220;in order not to strengthen the regime&#8221;, Habeck said, and because Moscow has revealed itself to be &#8220;an unreliable supplier&#8221;.<\/p>\n<p>Berlin was quick to pull the plug on the massive Nord Stream 2 gas pipeline with Russia in protest at Putin&#8217;s aggression.<\/p>\n<p>But the German government has so far resisted calls to boycott Russian oil and gas, saying doing so could plunge Europe&#8217;s biggest economy into chaos.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Paying for Russian gas in roubles would be unacceptable, G7 countries reiterated on Monday, with German Economy Minister Robert Habeck saying the demand showed President Vladimir Putin&#8217;s back was &#8220;against the wall&#8221;. &#8220;All G7 (energy) ministers agreed that this is a unilateral and clear breach of the existing agreements,&#8221; said Habeck, whose [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":28142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,762,350,275],"class_list":["post-28143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-gas","tag-russia","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Paying for Russian gas in roubles is &#039;unacceptable&#039;, says G7 - 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