Berlin to pay for gas supplies in Euros; 'No change for EU,' Putin tells Scholz.

 Moving on now after germany sounded an alarm over a possible gas crunch in europe russia has now allowed berlin to pay for russian gas and euros or dollars now in a phone call between the leaders putin told german chancellor olaf shoals that despite his plan for ruble payments nothing would change for european partners russian gas it is attributed to a third of europe's annual energy needs the world's top natural gas producer plant is planning to require payments for its energy exports and rubles rather than the usual euros or dollars from the 1st of april this is because of the western sanctions over russia's invasion of ukraine this payment method was needed because the russian central bank's currency reserves have been frozen by the eu following russia's demands germany raised the alert level under its emergency gas plan austria announced that it was following suit germany called the demand to pay in rebels rubles unacceptable and called on energy companies to not comply with putin's demand this demand was rejected by the group of seven nations western countries said that the payment would blunt the impact of western kerbs and would instead bolster the russian currency and now according to the german government the russian president has told chancellor olaf shows that europe could continue paying for russian gas in euros payments would be made in euros and then transferred to gas from bank the bank would then convert the money to rubles the gas prime bank is one of the main channels for payment for russian gas and oil today the russian government its central bank and energy giant are expected to present potent with a new gas payment system that will be conducted in rubles meanwhile the european commission is also reading new sanctions against the kremlin according to a source-based report the magnitude of the new measures will depend on moscow's stance on gas payments and rubles and this new package of eu sanctions could be ready as early as next week the possible eu reaction hinges on the timing and details set by moscow for these gas payment beyond is now available in your country.