CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

French, German Economy Ministers Push Back On Putin Gas Demands

ENERGY SECURITY
Following on from 1413BST bullet (Russian Pres. Putin demanding payment for gas in roubles, active contracts halted if demands not met), Reuters reports German Economy Minister and Vice-Chancellor Robert Habeck has stated that 'we are prepared for anything Putin might decide on gas'. Habeck states that he 'has not yet seen any new gas bill from Russia'.
  • Habeck: "We will not be blackmailed by Putin".
  • French Economy Minister Bruno Le Maire has stated that 'gas contacts in euro will be paid in euros'
  • Putin says 'Europeans will be forced to pay for LNG from the USA. That means millions of job losses for Europe. [The West's] economic war against Russia started years ago. The goal is to undermine Russia's development. Western sanctions had been prepared beforehand.'
  • "To buy Russian gas, unfriendly countries must open accounts in Russian banks in roubles and from there make the payment" (RIA story in Russian: https://ria.ru/20220331/gaz-1781111890.html)
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.