Global Trade Alert
Global Trade Alert

Russian Federation: Changes in accepted currency regarding natural gas purchases by “unfriendly” countries

Announcement

31 Mar 2022

In March 2022, Russia announced that it would require “unfriendly” countries to make their payments for natural gas in roubles.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

01 Apr 2022

Revocation date:

No revocation date

Trade payment measure In force

On 31 March 2022, the Russian Federation announced that only RUB payments will be accepted for natural gas purchases by “unfriendly” countries. According to Decree N.172, buyers from “unfriendly” coun...

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