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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Author Archives: Kim Kaivanto

The symbol used for Russia's Kolion. Photo: iStock
Posted inFinance

Russia’s rubles-for-gas demand no threat to the buck

by Kim Kaivanto March 28, 2022March 28, 2022

President Vladimir Putin’s demand that “unfriendly countries” henceforth pay for Russian gas in rubles has had several immediate effects. With the Europeans given one week to switch to paying in the Russian currency, it has driven up the price of natural gas, making it more expensive for them to maintain the sanctions regime. The ruble […]

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