Why is Vladimir Putin demanding Russian gas is paid for in roubles?

Plan could be extended to include exports of oil, grain, fertilisers, coal, metals and other key commodities

Russia-Ukraine war: latest updates

Vladimir Putin has demanded payment in roubles for Russian gas sold to “unfriendly” countries, setting a deadline of 31 March.

It is not clear whether he plans to tear up existing contracts that set the price in euros or dollars, but Germany, which relies on Russia for 40% of its gas supplies, is not taking any chances, warning large industrial gas users that a standoff is possible and rationing is one possible outcome.

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