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(Bloomberg) —
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Ukraine Update: Talks with Russia May Resume on Friday, According to Kiev
Russia will cut off fuel deliveries to “enemy” states unless they transfer ruble bills starting April 1, President Vladimir Putin said, the latest attack in a fight with Europe over energy sales.
“To buy Russian fuel, they have to open ruble accounts in Russian banks,” Putin told officials in a televised speech on Thursday. “It is from those accounts that the fuel will be paid from April 1. we are going to this a breach by the visitor of his obligations. “
Buyers will have to open special accounts at state-controlled Gazprombank to allow the exchange of foreign currency for rubles for settlements, according to an order signed through Putin.
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