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Why paying in roubles for Russian gas and oil might matter

In response to sanctions imposed on Russia following the invasion of Ukraine, President Putin recently announced that ‘unfriendly’ countries would have to pay for Russian gas (and perhaps oil in the future) in roubles. This column discusses the possible reasons for the announcement and the potential economic and financial implications if Putin were to follow through on it. 
United States United Kingdom Midi Pyrées Nordrhein Westfalen Valery Giscard H Le Mezo
Source: voxeu.org

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