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Russia Threatens to Demand Rubles for Grain, Other Exports

  • Proposal from top legislator follows Putin order on gas
  • Grain industry ready to use any currency, industry group says
Updated on

Russia may expand the list of commodities for which it demands payment in rubles to include grain, oil, metals and others, raising the stakes after President Vladimir Putin last week said Moscow will require European buyers of its gas to use the Russian currency.

Vyacheslav Volodin, speaker of the lower house of parliament, suggested the move in a Telegram post Wednesday, describing it as a good way for Russia to retaliate against western sanctions imposed over its invasion of Ukraine. He didn’t specify how or when the shift might be mandated.