HomeMediaLatest NewsRussia's gas ultimatum puts Europe before a fateful choice

Russia's gas ultimatum puts Europe before a fateful choice

24 March 2022

Gromov Alexey I. Principal Director on Energy Studies, Head of the Energy Department

Alexey Gromov, Principal Director on Energy Studies of the Institute for Energy and Finance, commented to the Vzglyad business newspaper on the decision of the Russian President to transfer payments for the export of Russian natural gas to unfriendly countries into rubles.

“In the context of unprecedented sanctions pressure on Russia, this is a strategically correct decision. Thus, we will ensure, albeit artificially, a higher demand for the Russian currency, which will be required by unfriendly European countries to pay for natural gas supplied from Russia,” Alexey Gromov says.


Gromov Alexey I. Principal Director on Energy Studies, Head of the Energy Department
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