31 Billion Euros Revenues from Russian Gas Sold in Rubles

Moscow, Data issued by Eurostat reported that Russias revenues from gas sales in Russian rubles to the European Union (EU) amounted to 2.3 trillion rubles (31 billion euros).

According to data, Russias revenues from selling gas to EU countries in rubles amounted to 31 billion euros between April 2022 and January 2024, Russia’s news agency (RIA Novosti) said.

The largest buyer of gas in the EU was Hungary (769 billion rubles), followed by Italy (655 billion), Greece (328 billion), and Slovakia (310 billion rubles), according to available data.

According to RIA Novosti, Russian President Vladimir Putin directed the government, the Central Bank, and Gazprom exclusively in March 2022 to sell gas in Russian rubles, which would enhance its value and stability.

Source: Qatar News Agency