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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Kremlin Warns West: Rouble-for-Gas Scheme Is the 'Prototype'

A Russian rouble banknote is seen in front of a descending and rising stock graph in this illustration taken March 1, 2022. (Reuters)

President Vladimir Putin's rouble payment scheme for natural gas is the prototype that the world's largest country will extend to other major exports because the West has sealed the decline of the US dollar by freezing Russian assets, the Kremlin said.

Russia's economy is facing the gravest crisis since the 1991 collapse of the Soviet Union after the United States and its allies imposed crippling sanctions due to Putin's Feb. 24 invasion of Ukraine.

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