Putin says Russia will seek payment for gas from "unfriendly" countries in roubles

Russia will seek payment in roubles for gas sales from “unfriendly” countries, President Vladimir Putin said on Wednesday, sending European gas prices soaring on concerns the move would exacerbate the region’s energy crunch.

Putin said the West had "undermined the reliability of their currencies" after the freezing of Russia's assets by foreign nations.

Meanwhile, Russian Foreign Minister Sergei Lavrov called the Western sanctions on Russia’s Centrabank a "thievery" while meeting with students at Moscow’s institute on international relations (MGIMO).

European countries’ dependence on Russian gas and other exports has been thrown into the spotlight since Moscow’s Feb. 24 invasion of Ukraine and the subsequent imposition of Western sanctions aimed at isolating Russia economically.

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