Germany, which currently holds the G7 presidency, said the demand by Russia’s President Vladimir Putin was “a unilateral and clear breach of the existing agreements.”
German Economy Minister Robert Habeck on Monday said the Group of Seven (G7) major economies dismissed Russian President Vladimir Putin’s demand to pay for gas in rubles.
Putin had said “unfriendly” countries would have to pay for Russian gas in Russia’s own currency.
“All G7 [energy] ministers agreed that this is a unilateral and clear breach of the existing agreements,” said Habeck, whose country holds the G7 presidency.
“Payment in rubles is not acceptable and… we call on the companies concerned not to comply with Putin’s demand.”
Habeck added that Putin had his “back against the wall” to make such demand.
“In our situation, it’s hardly possible and feasible to engage in charity for Europe,” Peskov said.
Russia will take decisions in due course should European countries refuse to pay in the Russian currency, he said before Habeck’s statement.
Russian news agency RIA quoted Russian lawmaker Ivan Abramov as saying a refusal by the G7 to pay for Russian gas in rubles would lead to an unequivocal halt in supplies.
Besides the apparent tit-for-tat after the West imposed a massive trove of sanctions on Russia, Moscow’s demand for rubles is also seen as a bid to save its economy.
Economists believe the move could help the struggling Russian currency, which has fallen massively in value following news of the Russian invasion of Ukraine, followed by Western sanctions.
European countries have been racing to reduce their reliance on Russian energy imports in light of the war in Ukraine.
Germany, which is particularly heavily reliant on Russian gas, has to find alternatives “in order not to strengthen the regime,” Habeck said.
Although Germany was quick to suspend the massive Nord Stream 2 gas pipeline project in response to Putin’s war in Ukraine, the German government has so far resisted calls to boycott Russian oil and gas altogether.
fb/rt (AFP, AP, dpa)