‘Unfriendly’ West delaying payments for Russian energy – Putin

Must read

Democrats Bracing Themselves For More SCOTUS Decisions They Don’t Like

Even if Donald Trump never runs for president ever again, the mark he left on the Supreme Court...

Hollywood Conservative Jon Voight Calls On Joe Biden To Be Impeached

Conservative actor Jon Voight posted a video to social media earlier this week calling for the impeachment...

Report: GOP Megadonors Abandoning Trump After Jan 6 Hearings

Some may be thinking that the House Select Committee on Jan. 6 hearings may be nothing more than...

Liberal Celebrity Wanda Sykes Attacks Middle America, Providing Electoral College Fans A Built-In Argument

Liberal comedian Wanda Sykes has no problem voicing her contempt for those who dare to think differently than...

Russian President Vladimir Putin said on Thursday that certain Western countries are failing to pay on time for the delivery of Russian energy.

“Banks from most ‘unfriendly’ countries are delaying the transfer of payments,” the head of state said.

According to Putin, despite the calls to reduce energy supplies, Western nations are admitting that they cannot do without Russian energy resources. They are thus “driving up prices and destabilizing the market,” he said, warning that Moscow will redirect its energy eastward.

Western attempts to squeeze out energy supplies will inevitably affect the entire global economy, Putin said, adding that there’s no rational replacement for Russian gas in Europe right now.

“Initially, serious experts and analysts warned, and publicly said that an accelerated green transition would be impossible to implement in practice without great costs. This is how everything turned out in practice,” he said. “And now there is a wonderful reason to cover up their own miscalculations and blame everything on Russia.”

The Russian president stressed that the task has already been set to switch to national currencies in payments for energy, and to gradually move away from the dollar and the euro.

“In general, we intend to radically increase the share of settlements in national currencies in foreign trade. And the key task here is to prepare our foreign exchange market for such a transition, so any foreign currency can freely and in the required amount be exchanged for Russian rubles.”

Putin also set three key tasks for the near future for the country’s oil and gas industry. First of all, it is necessary to ensure a sustainable supply of energy resources to the domestic market and increase supplies for Russian consumers, he said. Secondly, exports should be diversified and reoriented to fast-growing markets in the south and east. Thirdly, he ordered the development of deep oil and gas processing.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Democrats Bracing Themselves For More SCOTUS Decisions They Don’t Like

Even if Donald Trump never runs for president ever again, the mark he left on the Supreme Court...

Hollywood Conservative Jon Voight Calls On Joe Biden To Be Impeached

Conservative actor Jon Voight posted a video to social media earlier this week calling for the impeachment...

Report: GOP Megadonors Abandoning Trump After Jan 6 Hearings

Some may be thinking that the House Select Committee on Jan. 6 hearings may be nothing more than...

Liberal Celebrity Wanda Sykes Attacks Middle America, Providing Electoral College Fans A Built-In Argument

Liberal comedian Wanda Sykes has no problem voicing her contempt for those who dare to think differently than...

Democrat Rep. Judy Chu Arrested At The Capitol During Pro-Abortion Protest – Second Time She’s Been Arrested

Representative Judy Chu (D-CA) was arrested Thursday during a pro-abortion protest at the Capitol. Capitol police said they...