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Added on the 27/04/2022 20:07:29 - Copyright : France 24 EN
Diplomats say the EU is edging towards a ban on Russian oil imports by the end of 2022. A crisis meeting in Brussels is also seeking unity against Moscow's demand for gas payments in roubles.
In an interview with Euronews, Chief Economic Adviser at the Centre for Economics and Business Research Vicky Pryce says gas is a key import that needs to be halted.View on euronews
Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Germany said amounted to "blackmail".
Russian gas continues to flow into Europe after President Vladimir Putin threatened to cut off supplies unless they are paid in roubles, a demand rejected by European leaders as a breach of contract. However, Putin's decree does include a mechanism under which foreign buyers would set up special accounts at Gazprombank, which would convert foreign currency payments into roubles on their behalf. Plus, workers at an Amazon warehouse in New York could be heading for a landmark victory for organised labour following a vote on whether to unionise.
Kristine Berzina, Geopolitics team at Alliance for Security Democracy