Putin threatens to turn off gas supplies to Europe on Friday unless countries pay in roubles – Newstrends
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Putin threatens to turn off gas supplies to Europe on Friday unless countries pay in roubles

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Russian President Vladimir Putin

Russian President Vladimir Putin has issued a decree demanding payment for natural gas in roubles, but appeared to temper the order by allowing dollar and euro payments through a designated bank.

It is the latest twist over energy supplies that Europe relies on to heat homes and generate electricity.

The measure got a cautious reception from European leaders who insist payment will remain in euros and dollars and want to see the fine print of how the decree will be implemented.

Countries deemed “unfriendly” for imposing sanctions on Russia over its war in Ukraine can continue to pay in foreign currency through a Russian bank that will then convert the money into roubles, according to a Kremlin decree published by state media.

It came a day after the leaders of Italy and Germany said they received assurances from Mr Putin about gas supplies.

Mr Putin talked tougher, saying Russia will start accepting rouble payments on Friday and contracts will be stopped if buyers do not sign up to the new conditions, including opening rouble accounts in Russian banks.

“If these payments are not made, we will consider it a failure of the buyer to fulfil its obligations, with all the ensuing consequences,” Mr Putin said.

His proposal has caused natural gas prices to gyrate and raised fears it could be a prelude to an interruption of supplies to Europe, which is heavily dependent on Russian natural gas and would struggle with a sudden cut-off.

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The German government on Wednesday declared an early warning of an energy emergency, the first step toward authorising government-imposed gas rationing for industry to spare homes and hospitals.

At the same time, Russia depends on oil and gas sales for much of its government revenue at a time its economy is under severe stress from Western sanctions.

Economists say the switch to roubles would do little to support the battered Russian currency’s exchange rate, since gas exporter Gazprom has to sell 80% of its foreign currency earnings for roubles anyway.

The decree Mr Putin signed and state news agency RIA Novosti published says a designated bank will open two accounts for each buyer, one in foreign currency and one in roubles.

Buyers will pay in foreign currency and authorise the bank to sell it for roubles on Moscow’s currency exchange. The roubles would then be placed in the second account, where the gas is formally purchased.

Speaking shortly after Mr Putin’s announcement, German Chancellor Olaf Scholz said gas contracts stipulate payment mostly in euros and sometimes in dollars. He said he made clear to Mr Putin in a phone call on Wednesday “that it will stay that way”.

“What his ideas are for how this can happen is what we will now look at closely,” Mr Scholz told a reporters in Berlin. “But in any case, what goes for companies is that they want to and will be able to pay in euros.”

Mr Putin announced last week that Russia will demand “unfriendly” countries pay for natural gas only in Russian currency, instructing the central bank to work out a procedure for buyers to acquire roubles in Russia.

The Group of Seven major economies, including Italy and Germany, rejected the demand.

Before the decree was announced, Italian Premier Mario Draghi said on Thursday he had received assurances from Mr Putin that Europe would not have to pay in roubles and played down fears that Moscow would cut off supplies.

Mr Draghi said Mr Putin told him during a 40-minute phone call on Wednesday evening that “existing contracts remain in force. European companies will continue to pay in dollars and euros.”

Mr Draghi said he referred the discussion about how it would work to experts and that analysis was under way “to understand what it means,” including whether “European companies can continue to pay as foreseen, if this means something for the ongoing sanctions.”

“The feeling is one I have had since the beginning, that it is absolutely not simple to change the currency of payments without violating the contracts,” Mr Draghi said.

The French and German finance ministers also said after meeting in Berlin that contracts cannot simply be altered and that they would examine what Mr Putin has proposed.

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Indonesia Flood Disaster: Death Toll Exceeds 900 as Search for Hundreds Continues

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Indonesia Flood Disaster: Death Toll Exceeds 900 as Search for Hundreds Continues

The death toll from the catastrophic Indonesia floods has risen to more than 900, with hundreds still missing as rescuers struggle to reach communities cut off by last week’s rare and powerful cyclone over the Malaca Strait. The storm unleashed torrential rain and severe landslides, destroying over 100,000 homes across multiple regions.

Authorities say relief efforts remain extremely challenging, with aid being air-dropped into isolated areas where roads and bridges have been washed away. The deadly floods form part of a chain of recent extreme weather disasters across Asia, bringing the combined regional death toll — including in Sri Lanka, Thailand, Malaysia, and Vietnam — close to 2,000.

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In Aceh Tamiang, among the worst-hit districts, survivors described entire villages being swept away by surging waters. Residents of Lintang Bawah Village told the BBC Indonesian service that many families survived only by taking refuge on rooftops.

Fitriana, a survivor, recounted how some villagers endured three days without food or water as they clung to their homes: “Ninety percent of the houses in our village were destroyed,” she said, leaving 300 families displaced.

Another survivor described fleeing twice — first from his own home as floodwaters reached the second floor, and then again from a nearby village inundated overnight:
“While we were sleeping, water soaked the mattresses. There was no higher ground. We survived by climbing to the second floor of my daughter-in-law’s house.”

Indonesian authorities continue emergency operations as hopes fade for those still unaccounted for. The government has pledged expanded humanitarian support as the scale of the disaster becomes clearer.

Indonesia Flood Disaster: Death Toll Exceeds 900 as Search for Hundreds Continues

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Russia Intensifies Airstrikes on Ukraine as Zelensky, Trump Envoys Advance Peace Talks

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U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy

Russia Intensifies Airstrikes on Ukraine as Zelensky, Trump Envoys Advance Peace Talks

Russia has intensified its overnight aerial attacks on Ukraine, striking multiple regions just hours after President Volodymyr Zelensky described his discussions with Donald Trump’s negotiating team as “very constructive.” The renewed assaults come amid a fresh push for a US-led peace framework aimed at ending the nearly three-year-old war.

The mayor of Kremenchuk, a key industrial city in central Ukraine, confirmed the area suffered a “massive combined strike”, damaging critical infrastructure and leaving residents without water, electricity, and heat. No fatalities have been reported so far.

Russia’s defence ministry claimed it intercepted 77 Ukrainian drones across several locations during the same period, underscoring the ongoing intensity of the conflict despite diplomatic efforts.

Zelensky said he is “determined” to continue working closely with the US after three days of detailed negotiations in Miami involving Trump’s envoy Steve Witkoff and the former US president’s son-in-law Jared Kushner. Talks focused heavily on ensuring Russia’s compliance with any future peace agreement.

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The US has been mediating a multi-point peace plan, though progress remains limited as Kyiv, Moscow, and European allies differ on key proposals. European leaders have pushed for additional security guarantees for Ukraine, including the possibility of a multinational peacekeeping force, an idea Russia has rejected.

French President Emmanuel Macron, UK Prime Minister Sir Keir Starmer, German Chancellor Friedrich Merz, and Zelensky are set to meet in London on Monday to coordinate Europe’s position on the evolving peace framework. Macron reiterated France’s commitment to achieving de-escalation and a ceasefire.

Meanwhile, the US and Ukraine have jointly urged Moscow to demonstrate “a serious commitment to long-term peace.” The appeal came after Witkoff returned from Kremlin talks with Vladimir Putin, which ended without a breakthrough.

Ukraine’s new chief negotiator Rustem Umerov said he and Witkoff have “agreed on the framework of security arrangements” and discussed deterrence measures needed to secure a durable peace.

The latest wave of Russian airstrikes — following a wider barrage a day earlier condemned by European leaders — underscores the gulf between diplomatic negotiations and realities on the ground as the war grinds on.

Russia Intensifies Airstrikes on Ukraine as Zelensky, Trump Envoys Advance Peace Talks

 

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25 Dead in Goa Nightclub Fire After Suspected Gas Explosion in Arpora

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25 Dead in Goa Nightclub Fire After Suspected Gas Explosion in Arpora

A devastating inferno at a popular nightclub in Goa has left 25 people dead, with authorities confirming that most of the victims were employees of the establishment located in Arpora, North Goa. Several tourists are also among the casualties.

Officials say the blaze, which erupted around midnight on Saturday, was triggered by a suspected gas cylinder explosion in the club’s kitchen. The fire quickly tore through the premises, leading to scenes of panic in the bustling nightlife district.

Goa Director General of Police Alok Kumar confirmed that the fire was concentrated on the ground-floor kitchen area and has since been brought under control. Most bodies were recovered near the kitchen, reinforcing concerns that staff members bore the brunt of the tragedy.

Goa Chief Minister Pramod Sawant stated that three victims died from burn injuries, while others succumbed to suffocation. He also revealed that “three to four” tourists had been confirmed dead, though their identities and nationalities remain unknown.

According to The Indian Express, the incident occurred at Birch by Romeo Lane, a well-known club near Baga Beach, one of Goa’s busiest tourist hubs. The area is lined with nightlife venues that typically draw large crowds on weekends.

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Witnesses described chaotic moments as screams filled the air moments after the explosion. One bystander told the BBC: “It was a normal Saturday night. Suddenly there were screams, and then we realized a massive fire had broken out. The scenes were horrific.”

Fire crews worked through the night, combing through charred debris to determine the full extent of damage and finalize victim identification. The remains of burnt furniture and décor were visible at the site on Sunday morning, now sealed off by security officials.

Victims’ bodies have been transferred to Goa Medical College in Panaji, where identification is underway before notifying families.

Chief Minister Sawant has ordered a formal inquiry into the cause of the blaze, promising that “those found responsible will face the most stringent action.” He expressed “deep grief” and extended condolences to affected families.

Indian Prime Minister Narendra Modi described the incident as “deeply saddening”.

Goa, a former Portuguese colony famed for its beaches, nightlife, and resorts, attracts millions of visitors annually. Government figures show 5.5 million tourists visited the state in the first half of the year, including 270,000 international travelers.

The tragedy adds to a growing list of fatal fires in entertainment venues across India, including recent incidents in Hyderabad, Kolkata, and Gujarat, often linked to poor safety standards and overcrowding.

25 Dead in Goa Nightclub Fire After Suspected Gas Explosion in Arpora

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