Japan to ask firms not to pay for Russian gas in roubles

Mar 29, 2022 | News On Japan

Move comes after Russia demanded ‘unfriendly’ countries make energy payments in roubles, instead of euros.

Mar 29, 2022 (Al Jazeera) - Japanese companies will be asked to refuse Russia’s demand that energy payments be made in roubles, Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday.

Russia demanded last week that “unfriendly” countries must pay in roubles, not euros, for its gas in the wake of the United States and European allies teaming up on a series of sanctions aimed at Russia.

Japanese Finance Minister Shunichi Suzuki last week told a parliamentary session the government did not understand Moscow’s intentions or “how they would do this”.

Japan has imposed a raft of punitive measures on Russia over its invasion of Ukraine, including sanctions targeting the deputy chiefs of staff for President Vladimir Putin’s administration, the head of the Chechen Republic, and executives of companies with close ties to the Kremlin.

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