┬áPutin briefs Germany’s Scholz on ruble switch Russian proposals for the switch to rubles due by March 31 G7 countries reject Putin demand to change to ruble payments Russian President Vladimir Putin on March 30 briefed German Chancellor Olaf Scholz on Moscow’s plans to switch to ruble-based pricing for European gas supply contracts, with experts from both countries set to discuss the issue further, the Kremlin said in a statement. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The two leaders spoke on the telephone, with Putin telling Scholz of the “substance” of the decision to switch to rubles for paying for Russian gas supplied “in particular to Germany,” it said. “The change in the procedure for settlements is introduced due to the fact that, in violation of international law, the foreign exchange reserves of the Bank of Russia were frozen by the EU member […]