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The president of Russia, Vladimir Putin, announces a historic decision: Moscow will no longer accept payments in dollars or euros for gas deliveries to European countries. The announcement, a month after the invasion of Ukraine, came on the morning of March 23: “I have made the decision to implement a series of measures to switch to paying in rubles for our gas delivered to hostile countries,” and to give up all currencies that have been compromised, “Putin said, adding that the Russian authorities have been given a week to implement the switch to the new local currency system in practice.