Oil

The most notable reasons for the disagreement are the refusal of the UAE and the Saudis to increase oil production.

The new payment system is likely to be installed at the headquarters of both RBI and VEB.

Deputy Foreign Minister Sergei Ryabkov expressed hope that Europe would reconsider its statement about the impossibility of buying gas for rubles.

The West froze Russian assets in foreign currency, so Russia was forced to take countermeasures and oblige foreign companies to pay for gas in rubles, analyst Sergei Naumov explained.

German Vice Chancellor, Minister for Economic Affairs and Climate Protection Robert Habek said that Germany will not pay for natural gas supplies in Russian rubles.

Russia is ready for alternative options for the supply of its energy resources, including Europe's refusal from them, in which case the resources will be redirected to other markets.

Germany should strive to reduce dependence on energy imports from Russia. This was stated by German Foreign Minister Annalena Berbock.

Germany unlikely to cut Russian gas consumption by 2024.

The rejection of Russian hydrocarbons will lead to serious consequences for the European and world economies.

Russia will definitely not supply gas for free, Dmitry Peskov, press secretary of the President of the Russian Federation, said.

The Italian oil and gas group Eni will not pay for the supply of Russian gas in rubles, as it does not have the opportunity to do so.

A sharp and ill-conceived refusal to supply oil and gas from Russia will have disastrous consequences for the energy supply, the economy of Austria.

Immediately after the speech of Russian President Vladimir Putin, wholesale gas prices in Britain rose by 18%. This is reported by the Daily Express.

In 2022, oil prices may rise above $200 per barrel. This is reported by the Financial Times, referring to statements by world oil traders.

Serbian President Aleksandar Vucic called Russia's decision to convert payments for gas into rubles a problem for the world.