https://www.reuters.com/business/en...-gas-unfriendly-countries-roubles-2022-03-23/ So, Putin has decided to counterattack at monetary level. Ok ... we've got enormous reserves of roubles ... Italy aside, the move is obvious: if many "hostile" countries need Russian gas, to force them to pay it using roubles means to sustain the value of the rouble. It's a smart move, but at Moscow they should remind that EU countries have got gas reserves to resist more than a year. Italy could spend its roubles, but other countries could simply decide to wait. Putin is near to go "all in". This is my impression.
Put-put is in no position to make any demands. He better hope his entourage doesn't stop walking out on him or he's going to be facing some mad as hell parents of all those kids he sent there on the lie it was a training drill. I hope this comes back to bite him in his evil dumb@ss before he has to Hitler himself out of the gene pool.
Putin would be better advised to take payments in crypto currency. That way when has to flee the country they can't seize his assets.
Despite the Kremlin and Putin himself stating, on several occasions, that Russia will fulfil its contracts, I wouldn't give a rat's ass on what they claim. The Kremlin propaganda apparatus has been lying for years and switched into overdrive in the last couple of months so that even by Moscow's standards their lies have reached a new low. He calls others "unfriendly countries" when the UN has counted at least sixty attacks on medical facilities and hospitals. If those "unfriendly countries" don't do what he demands, he at least has a cheap excuse to act in whatever way he wants. Needless to say, he will certainly put the blame on them. Maybe we're witnessing the beginning of his slow end. Besides, not that this is of any concern for the dictator in the Kremlin, but he's clearly breaking the contracts which specifically state that the currency for those NG contracts is the Dollar.
This is gigantic news. Russia has also created a Rupee-Rouble trade mechanism with India, and China is buying Saudi oil in Yuan. Europe cannot come to an agreement on the Russian coal, gas and oil embargo, because it would have terrible impacts on economies like Germany and the Netherlands. They need a much longer transition period to make an embargo viable. https://oilprice.com/Energy/Energy-...ld-Pay-In-Rubles-For-Russian-Natural-Gas.html It'll be interesting to see what they say and what they actually do here.
Oh, I'm pretty sure that shipped has sailed. Somebody else in his camp has been unseen for 12 days. They "said" it was family trouble or some cover like that. ------------------------- This one had enough sense to get out of Dodge immediately. Putin adviser Anatoly Chubais quits and leaves Russia over invasion of Ukraine https://www.theguardian.com/world/2...-chubais-quits-leaves-russia-invasion-ukraine
as long as a country is dependent on Russian resources..........Putin can keep jerking them around. Seems that one has to be careful who one trades with ........or even does business with now......and Russia needs to isolated even more now.....and treated like the world pariah. Going energy ind pendant for each nation must be a goal realized........sooner than later. The Putins's oft he world will continue to use all forms of extortion .......to control or get revenge.
Russia has never broken its contracts, and even today the gas flows through Ukraine. Besides most of the gas was paid in Euros so how can you say the contracts specify dollars? You will know what I am in every which wayby the lies I write and what I say Yet fools like me will never see, that whenever I do it, the blight's on me. - Jeannette
He is working hard to get Europeans to abandon Russian energy. When Europe weans itself off it, they won't go back, so this mistake has long term harm to Russia.
Putin's plan would never work in the long run. Eventually, all the EU countries will find other sources of natural gas and will be more than willing to pay slightly higher prices.
Yes, gas is flowing. Given the fact that the Kremlin has been lying an awful lot for years and shifted into overdrive in the last couple of weeks, whatever they say doesn't really mean anything. For NG there are long term contracts in Dollar and Gazprom has been paid in Dollar. Putin has just broken these contracts by demanding to be paid in Rubles.
The transition to the Russian ruble is a planned goal. Payment for gas in rubles is just the beginning. For example, the head of Roscosmos, Ragozin, said that from that day on, all space programs with the participation of Russia for Roscosmos partners will be carried out for rubles. Yesterday Denis Manturov, head of the Russian Ministry of Industry and Trade, said that Russian metallurgists and departments had agreed to decouple domestic prices for metals from prices on the London Stock Exchange. It was decided to calculate the market based on the ruble component. They also plan to sell oil for rubles, as well as nuclear fuel, timber, food .... and much more. Up to the escort of ships along the northern sea route. This will not happen immediately, but Russians have been preparing for this for a long time. And a little explanation. Gas is not only the possibility of heating, but also the production of fertilizers, metals (for example, the cost of gas in the production of aluminum is more than all other labor costs. If I am not mistaken, the cost of gas in the price of aluminum is 60-70%%), ... all the chemical industry, starting from the production of plastics to the exotic developments of chemists for underwater operations and space .... In general, it can be said without exaggeration - gas is the basis of all industry and agriculture. And if you think that gas is consumed only in the cold season, then this is not so.
Last I read the gas reserves tanks in Europe were near empty. Besides Russia can't buy from the US and Europe, so what good are dollars and euros? Washington showed its true criminal nature by stealing 350 billion dollars in Russian reserves, something that even the banks in Britain didn't do to Nazi Germany during WWII so as not to lose trust. Well we just lost ours, and its doubtful any nation on earth will ever trust us with their funds again. The American people, but especially the EU will suffer for what Biden and the rest of the criminals are doing, but I don't think the criminals care. Human life and suffering has meant nothing to them these past decades and it won't mean anything to them now. What they care about is to impose their liberal new world order on the world, and enslave us under a new atheist communist system controlled by the power wielding moneyed sociopaths. The only hindrance to that liberal control is a Christian Russia. Since these sociopaths have no sense of right and wrong, it leaves them free to lie and deceive without qualms. Paganism? Satanism? Of course! A N T I C H R I S T.. When chaos reigns in West and East then we'll await the coming beast.Who'll put us all right to the test, by telling us that he knows best. And to avoid our bodily harm, we'll all submit without a qualm.Our souls he'll mark on hands and head to free us all from fear and dread. But woe to us, anguish will be for we had eyes, yet couldn't see. - Jeannette
No problems. "Gazprom" may require buyers of Russian gas to change the currency of the contract into rubles in connection with the directive of the government. Contracts, of course, change by mutual agreement of the parties or by the legal requirements of regulators. For example, at the request of the EC, many parameters of long-term contracts were changed. And "Gazprom" will be obliged to request a change in the currency of payment in connection with the directives of the Russian government, that is, the regulator. The counterparties will probably have the opportunity to refuse, but this may lead to the termination of the contract and, as a result, to the cessation of gas supplies.
Russia doesn't only have the largest gas reserves. Together with Kazachstan and Belarus - thanks to Washington's attempted coups which brought them closer to Russia and the takeover now of half of Ukraine - Russia will also control most of the grain exports in the world. This is a worrisome situation though, not because the Ruble and Russia will come powerful and it's bye bye the American pie, but because Washington is so crazy that they might start a nuclear war.
HA! You wish!! When this whole Ukranian thing is over and done with, and the world extracts it's pound of flesh from Putin, his pals, and Russia in general, y'all will be lucky if rubles even exist at ALL anymore, except as collector's items. Putin has decided to be the Hitler of the 21st Century, and his country is eventually going to pay for that, just as Germany did during the 20th Century. Forcing other nations to buy stuff using rubles may have been the plan, in fact I've been hearing that sort of nonsense for years now, but invading a country that was just sitting there minding it's own business while simultaneously committing multiple heinous war crimes was a BAD way to further that plan.
I'm falling in love with you ... This detail aside, now ... Our reserves are not empty at all. We can carry on for at least an entire year. And in any case we've got a lot of useless roubles which could suddenly become useful now. [My father was a truck driver and he collected foreign money: I've got Soviet roubles from the time of Breznev ... now you can envy me!]. Second point: what Britain did or not about Nazi money is none of our business [overall considering that the British Monarchy is actually a German Monarchy ... but I don't want to be malicious about the "British" Royal Family]. Third point [More interesting]: so, while I'm falling in love with you, I'm wondering if you are suggesting to Christians to see in "Christian Russia" a shield to protect European Christians from the American atheist power [evil power in your opinion, I guess]. The Pope doesn't like what European countries are doing, following Biden's suggestions [or orders: he's the Commander in Chief of all NATO forces]. So you've got a very important friend: Pope Francesco. But pay attention: the Pope wants to see the end of the war in Ukraine now. If Russia is looking for a way out, I could suggest something to our [my] former great friend Vladimir Vladimirovich. Geopolitical mistakes can mean wars and no main power will say something about [all main powers have made geopolitical mistakes, no way]. Ukrainians will never accept to be friends of Russians again? The world doesn't end in Ukraine. NATO won't leave Ukraine alone. Putin knows this [he's not naive, come on!]. But ... which Ukraine? If I were Putin I will start from this to talk [finally!] for real with NATO and EU. Vladimir Vladimirovich should think to what will happen AFTER the end of this war.
As I was saying, technically this is not a great problems for Italians: Russians have given us tons of roubles and we were just wondering what to do with them ...
And here's some bits on the economic news thanks to our sanctions and its repercussions. But then again what else is new. Did we ever let logic interfere with our 'passions' towards those who disobey? The United States will probably enter a recession if oil prices continue to soar and surpass $200 a barrel, Goldman Sachs chief economist Jan Hatzius said on Thursday. “We estimate that it would take a sustained oil price increase to $200 per barrel to produce an income shock similar in magnitude to those that precipitated the 1974 and 1979 recessions – and this would significantly increase the 2022 recession odds,” Hatzius said in a note seen by Yahoo Finance. The warning comes as top oil traders predict that prices could break the $200-a-barrel mark this year as a result of Western sanctions against Russia and the lack of alternative sources. Moscow has warned of a price surge to $300 a barrel if the West abandons Russian oil. The Russian deputy prime minister and former energy minister, Alexander Novak, said that “some see it possibly reaching $500 a barrel.” In addition to that, there is a wheat shortage in some nations in Europe and bread has become very expensive. Also Macron predicted a famine in some parts of the world at the end of next year - again because of our sanctions. How dare you not do what we say, for we will always get our way with sanctions, lies, that's how we play while basking in hypocrisy and calling it democracy. - Jeannette
I don't think that Washington can start a nuclear war. Washington can only attack those who are guaranteed to be weaker. For example, bomb Belgrade, or hang Saddam Hussein under false pretenses. But attacking someone who can hit back...-they are not capable of it.
