Ruble-for-gas announcement creates uncertainty for Ørsted's gas contract

Ørsted cannot yet say what effect Putin's demand for ruble payment for gas will have for the Danish power company.

Photo: PR/Ørsted

An announcement from Russian President Vladimir Putin has created uncertainty for Ørsted in regard to the utility's natural gas contract with Gazprom.

Wednesday, several media reported Putin announcing a demand that "unfriendly countries" must henceforth pay for Russian gas in rubles. EU member states are included on that list of nations.

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