What Happens If Russia Turns Off The Gas Taps To Europe

President Vladimir Putin suggested that natural gas may be the first Russian resource to be supplied in rubles. But this proposal has been declined by several nations which prompts the question of what happens if Russia turns off the gas taps to Europe?

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Russia has set a March 31 ultimatum for "hostile" nations to start paying for natural gas imports in rubles. Countries that placed economic sanctions on the Russia and frozen its foreign currency reserves will be affected by the new currency-switch regulation. This is especially concerning for those EU countries that significantly depend on Russian energy imports.

What will happen after March 31?

Russia claims that if nations decline to pay in rubles, they would not receive free gas. On Tuesday, Kremlin spokesperson Dmitry Peskov declared, "We are not going to supply gas for free." "No payment, no gas," Peskov said when asked if non-payers' gas will be switched off. However, he emphasized that Russia has not yet m...

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