Russia says payments for gas must be made in roubles

Business Matters - Podcast autorstwa BBC World Service

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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. A special report from the BBC's Ed Butler investigates the world of ethical investment, to see just how ethical they really are. And we hear from Guy Gadney, CEO of AI company Charisma Entertainment, on his way back from the Game Developers Conference in San Francisco, about the likely trends in gaming for 2022. Sasha Twining is joined throughout the programme by Bloomberg Opinion columnist Shuli Ren in Hong Kong, and by Takara Small, a tech journalist at CBC from Toronto in Canada. (Picture: Russian president Vladimir Putin. Credit: Getty Images)

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