Putin's Gas Payment Decree Shakes EU-US Sanctions Strategy
TL;DR Summary
The Russian rouble strengthened past 100 to the U.S. dollar after President Putin's decree allowed European buyers of Russian gas to use alternative banks for currency conversion, bypassing sanctions on Gazprombank. This move has helped stabilize the rouble, which had been weakened by U.S. sanctions, and is expected to continue improving as foreign trade participants find new ways to settle accounts.
- Rouble rebounds past 100 vs US dollar after Putin's gas payments decree Yahoo Finance
- EU in Talks With US to Mitigate Effect of Russian Bank Sanctions Bloomberg
- Putin's Gazprombank Move Creates Ripple in EU-U.S. Sanctions Strategy OilPrice.com
- Putin changes ruble rules to keep Russian gas flowing to EU POLITICO Europe
- Putin Drops Demand for Gas Payments Via Gazprombank The Moscow Times
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