Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: IOF's top lawyer hands in resignation over leak of Sde Teiman video
Al Mayadeen's correspondent: Israeli drone strike targets motorcycle in Kawnin, South Lebanon.
Hegseth in a meeting with his Chinese counterpart: Washington will continue to defend its interests vigorously
US Defense Secretary Pete Hegseth: The United States is concerned about China's activities in the South China Sea
Occupied Palestine: Israeli occupation forces demolishe residential homes east of Khan Younis city in the southern Gaza Strip
Al Mayadeen correspondent: An Israeli drone attacked the main road in the town of Harouf, South Lebanon.
Lebanese President: Israeli aggression on Blida took place in aftermath of meeting of ceasefire monitoring committee.
Lebanese President Joseph Aoun asks Commander of Lebanese Army to confront any Israeli incursion into liberated Lebanese territory in the South.
Al Mayadeen's correspondent: Israeli aircraft launch series of strikes on area of Jarmaq, South Lebanon.
Reuters: Afghanistan and Pakistan agree to restart peace talks in Istanbul.

Numerous Russian gas buyers agree to ruble payments

  • By Al Mayadeen net
  • Source: Agencies
  • 16 Apr 2022 10:37
2 Min Read

It was emphasized that payments for gas are made in rubles because Russia wants to ensure a 100 percent payment guarantee.

  • x
  • Numerous Russian gas buyers agree to ruble payments
    Russian Deputy Prime Minister Alexander Novak

In an editorial for the Energy Policy magazine, Russian Deputy Prime Minister Alexander Novak revealed that numerous Russian gas buyers have agreed to convert payments into rubles, and the Russian government is awaiting a decision from other importers. 

The Deputy Prime Minister detailed that conditions for buyers remain as comfortable as possible. "Several buyers have already agreed with the transfer of gas payments into rubles, we are waiting for decisions from other importers," he wrote.

Novak emphasized that payments for gas are made in rubles because Russia wants to ensure a 100 percent payment guarantee.

Related News

Putin: Western countries can now pay fuel debts in foreign currencies

Countries not paying for gas in rubles have been cut off: Kremlin

"I would like to emphasize that the transfer of payments for gas into the national currency on the Russian side is logical and caused by objective reasons - the desire to receive payment for the delivered goods with a 100% guarantee. Such confidence in Russia is given by the payment pattern we proposed, in contrast to the one that has been in force until recently," he explained.

He noted that the EU intends to compensate for Russian energy sources' rejection by diversifying gas supplies, hastening the shift to renewable forms of gas, substituting gas in heating systems with other types of fuel, and producing electricity from other sources.

Read more: Borrell: Russian ruble has shown strong resilience, new sanctions coming

 

Novak emphasized that "All these measures, according to the European Commission, will reduce the demand for Russian gas by two-thirds (67%) by the end of this year. They also plan to achieve energy independence by increasing the share of renewable energy sources. However, in March they noted the decline in wind generation."

Instead of Russia, he claims that American LNG companies are the major gas suppliers to Europe, with plans to capture a substantial portion of the European market.

"But there are a number of important nuances. The lack of the necessary infrastructure for receiving LNG will not allow increasing supplies quickly," Novak concluded. 

Read more: US has interest in undermining Russia as energy supplier: Blinken
  • Russian ruble
  • Russia
  • Russian Gas
  • Alexander Novak
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Hi-tech holocaust: Microsoft’s role in Gaza genocide

Microsoft's role in world’s first AI-driven genocide, in Gaza, exposed

  • Technology
  • 28 Oct 2025
Sheikh Naim Qassem speaks during an interview with Al-Manar TV, October 26, 2025 (Screenshot)

Hezbollah ready to face 'Israel' in case of war: Sheikh Naim Qassem

  • Politics
  • 27 Oct 2025
The secret cloud deal: Google and Amazon “winking” pact with 'Israel'

With a 'wink', Israeli control over Google, Amazon cloud data exposed

  • Technology
  • 29 Oct 2025

Coverage

All
War on Gaza

Read Next

All
ap
Politics

Hamas calls on int’l community to act against Israeli settlement plan

In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. (AP)
Economy

Ex-US diplomat says Trump-Xi deal 'tactical retreat', not lasting deal

An unarmed Minuteman II intercontinental ballistic missile launches from Vandenberg Air Force Base, California, during a test in 2002. (US Air Force)
Politics

JD Vance defends Trump's nuclear test plan as 'crucial for security'

Ultra-Orthodox Jews attend the "million man" protest against military conscription, in occupied al-Quds, October 30, 2025 (AFP)
Politics

Haredi mass rally in al-Quds exposes Zionist regime's growing crisis

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS