Roubles

Russia threatens to stop supplying gas if not paid in roubles

Vladimir Putin has signed a decree stating buyers "must open rouble accounts in Russian banks" from Friday.

"Nobody sells us anything for free, and we are not going to do charity either - that is, existing contracts will be stopped," the Russian president said.

Mr Putin's demand is being seen as an attempt to boost the rouble, which has been hit by Western sanctions.

His decree means foreign buyers of Russian gas would have to open an account at Russia's Gazprombank and transfer euros or US dollars into it.