Gazprom is working on rouble settlements for gas exports

President Vladimir Putin has ordered Russian energy giant Gazprom to accept payments for its natural gas exports in roubles and it must work out how that can be done in the next four days, the Kremlin said on Friday. 

Kremlin spokesperson Dmitry Peskov said that Russia's largest producer of LNG, Novatek, had not been given such instructions.

Putin on Wednesday said Russia would seek payment in roubles for gas sold to "unfriendly" countries after the U.S. and European allies teamed up to impose sanctions on Russia aimed at forcing its withdrawal from Ukraine.

The move was met with dismay in Europe and many companies said contracts with Gazprom stipulated that payment should be made in either euros or U.S. dollars, not in Russian roubles. 

(Reporting by Reuters) 

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