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lunes, 28 de marzo de 2022

Text of Putin's order re: rubles for gas

Here's the actual text, machine-translated with some edits. This is a presidential order which has the force of law on the territory of the Russian Federation (where the natural gas is) and has priority over all international laws and agreements.

1. The Government of the Russian Federation, together with the Bank of Russia and the public joint-stock company Gazprom, are to implement a set of measures to change the currency of payment for natural gas supplies to the countries of the European Union and other countries that have introduced restrictive measures against citizens of the Russian Federation and Russian legal entities, for Russian ruble.

2. For the purpose of implementing paragraph 1 of this list of instructions, the Government of the Russian Federation shall approve a directive to the representatives of the Russian Federation on the Board of Directors of Public Joint Stock Company Gazprom on amending existing contracts for the supply of natural gas in terms of changing the currency of payment under such contracts to the Russian ruble, with maintaining the supply volumes, prices and pricing principles established by the contracts.

3. The Bank of Russia, together with the Government of the Russian Federation, shall ensure the possibility of making payments that secure payment for natural gas under contracts converted to payment for supplies in the Russian ruble in accordance with paragraph 1 of this order, including the purchase of Russian rubles by natural gas buyers in the domestic foreign exchange market.

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