12/30/2022, 10:52 PM (Source: TeleTrader)
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Russia allows foreign currency debt payments

Russian President Vladimir Putin signed a decree on Friday allowing "unfriendly countries" that bought Russian natural gas to settle any debts they may owe Moscow in currencies other than the ruble.

If the debtor follows the new procedure but fails to comply with old regulations on gas payments, Russia can still refuse to provide new gas supplies to the same party, according to the document.

Baha Breaking News (BBN) / MS