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Turkey to pay for 25% of Russian gas in rubles

Turkey to pay for 25% of Russian gas in rubles

ArabFinance: Turkey is expected to pay for 25% of its gas imports from Russia in rubles, Reuters reported on September 16th.

Russian President Vladimir Putin stated during a meeting with his Turkish counterpart that a relevant agreement will be effective “in the near future”.

Russia is seeking to receive payment for its gas exports in rubles to offset the impact of sanctions imposed on it after its invasion of Ukraine.

On September 2nd, Russian gas producer Gazprom announced that gas supplies to Germany have been halted due to a gas leak.

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