RUBLE

March 31, 2022

On March 23, Russian President Vladimir Putin demanded that European countries must pay for all natural gas imports in rubles instead of the US dollar or the euro. The European Union imports 40 per cent of its natural gas requirements.

About:

The Russian ruble or rouble is the official currency of the Russian Federation. The ruble is subdivided into 100 kopeks.
Russia would not accept natural gas payments in currencies that have “compromised”. This list of currencies included dollars and euros.
The move to accept payments only in rubles has been done to increase the demand for rubles in the international market.
The ruble had been weakening against the dollar in the weeks before Russia invaded Ukraine.

Source : Indian Express

Latest Current Affairs

See All

National Consumer Disputes Redressal Commission (NCDRC)

The Supreme Court (SC) recently issue...

April 18, 2024 Polity & Governance

What is UN Women?

Six months into the war, Gaza is faci...

April 18, 2024 International Relations

What are Tachyons?

Physicists recently proposed the radi...

April 18, 2024 Science & Tech

What is Ashwagandha?

Ashwagandha is growing in popularity,...

April 18, 2024 Geography

KAVACH- An anti-collision system

Recently, the Supreme Court appreciat...

April 17, 2024 Science & Tech

Jhelum river

At least six persons have died after ...

April 17, 2024 Geography

Key facts about Veeranam Lake

As per recent news, Chennai’s main dr...

April 17, 2024 Geography

What is a Special Rupee Vostro Account (SRVA)?

India has simplified the payment mech...

April 17, 2024 Economy

What are Sovereign Green Bonds (SGrBs)?

The Reserve Bank of India (RBI) recen...

April 17, 2024 Economy

What is Gaia-BH3?

Recently, astronomers spotted the mos...

April 17, 2024 Science & Tech