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from tomorrow, the 1st of april. in case such payments fail and are not executed, we ll consider them as non payments from our counterparties. vladimir putin s announcement seems to be an attempt to boost russia s currency, which has been hit by western sanctions. here s jane foley from the dutch bank rabobank. behind this is put in s want to strengthen the rouble. now, we saw a massive sell off and the value of the rouble at the start of the war. it has got back quite a lot of ground, but it s still around about 17 or so percent weaker than it was at the end of last year, and we ve got to consider with what s happening in the russian economy, there is a lot of inflation. economists now predicting that the economy could contract, in terms of the size of its gdp, for two consecutive years. that s a huge recessionary backdrop. russia supplies about a third of europe s gas.

1st of aprilOilfrom russiaVladimir putinLa lotCold warJane foleyDutch bank rabobank