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G-7 Rejects Putin Demand for Ruble Payments for Russian Gas

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WATCH: German Economy Minister Robert Habeck says Putin’s demand that natural-gas contracts be paid in rubles is “not acceptable.”Source: Bloomberg
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Energy ministers from the Group of Seven industrialized nations unanimously rejected Russian President Vladimir Putin’s demand that natural-gas contracts be paid in rubles.

The order represents a “one-sided and clear breach of contracts,” German Economy Minister Robert Habeck said Monday after chairing G-7 talks. “That means that a payment in rubles is not acceptable and we urge the relevant companies not to comply with Putin’s demand.”