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World Business Report: First broadcast 23/03/2022 22:32 GMT : Russia says payments for gas must be made in roubles

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Russia says payments for gas must be made in roubles

First broadcast 23/03/2022 22:32 GMT 

First broadcast 23/03/2022 22:32 GMT : Russia says payments for gas must be made in roubles

BBC World Service - World Business Report, Russia says payments for gas must be made in roubles

The move is aimed at boosting the national currency, which has weakened under sanctions

Russian president, Vladimir Putin, says Moscow will begin insisting that payments for Russian gas - from unfriendly countries, as he put it - are made in roubles. He's given the Russian central bank a week to find a way of switching these payments away from other currencies. Jane Foley is head of FX strategy at Rabobank and explains what the impact will be.
In the UK, prices are rising faster than wages and the Bank of England says inflation could hit double digits this year. Finance minister Rishi Sunak announced measures today which he says will help ease the pain for consumers. We speak to Roger Bootle, the chairman of the macro-economic research company Capital Economics, to get his assessment of Sunak's response to the cost of living crisis. 
And finally a special report from the BBC's Ed Butler investigates the world of ethical investment, to see just how ethical they really are. 

(Photo: Russian president Vladimir Putin. Credit: Getty Images)

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First broadcast 23/03/2022 22:32 GMT : Russia says payments for gas must be made in roubles

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