J
John Doe
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allintext:Russia (gas OR oil) rubles
Russia is considering expanding that demand to include
other Russian exports. Time will tell.
Bat shit crazy Germany\'s opinion on Russia at this point
in time is not worth squat...
--
m syadoz <syadoz1@gmail.com> wrote:
Russia is considering expanding that demand to include
other Russian exports. Time will tell.
Bat shit crazy Germany\'s opinion on Russia at this point
in time is not worth squat...
--
m syadoz <syadoz1@gmail.com> wrote:
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On Monday, March 28, 2022 at 5:42:53 PM UTC-5, John Doe wrote:
This looks like a BIG if not HUGE story the media is not focusing on.
Just search Google for...
Russia (gas OR oil) Rubles
Russia says European countries who are arming its enemy (Ukraine) must pa
y
for Russian oil and gas in Rubles. Those countries are refusing to do so,
citing \"unfairness\" and \"breach of contract\".
I wonder how easy it is to turn off those pipes.
Putin caved
His blackmail attempt failed
https://www.dw.com/ru/kommentarij-vot-i-sdulis-gazovo-rublevye-ponty-putina/a-61307131
Machine translated
Commentary: Putin\'s gas-ruble show-offs were blown away
An attempt to blackmail Gazprom\'s European clients failed after Germany began to really prepare for shutting off gas, Andrey Gurkov believes.
No, ladies and gentlemen, you all misunderstood! What makes you think that after March 31 Russia will refuse to supply \"unfriendly countries\" with its natural gas for completely \"compromised currencies\" euros and dollars and will take only rubles? And who told you that Gazprom was instructed to make appropriate changes to the existing contracts within a week? Putin said ? March 23? At a meeting with the government? Come on!
Peskov\'s statement is a reaction to preparations for a gas emergency in Germany
oWe told you that payment and deliveries are a process stretched out in time, Dmitry Peskov, the press secretary of the Russian president , assured the astonished journalists on the afternoon of March 30 and explained that there would be no transition to new settlement rules the next day, of course, will not.
The Kremlin mouthpiece made its statement, which immediately spread around the world media, just a few hours after the Vice-Chancellor and Minister of the Economy of Germany, Robert Habeck, activated the early warning mode of a nationwide emergency in gas supply. In other words, after Germany, Gazprom\'s largest foreign client, by a wide margin, began to take the first real steps to prepare the country for a complete halt in gas supplies from Russia.
Here in the Kremlin they realized that they were playing the anti-Western propaganda games so dear to the Russian public, and they hurried to back up publicly. And what is good, \"unfriendly countries\" will indeed take and refuse to buy from Russia one of its few export goods. After all, the currency is oh so needed now to continue the war and mitigate the consequences of the large-scale crisis of the Russian economy caused by it. The same mutual dependence in the energy sector, which Germany has vainly hoped for all the last months, has had its effect!
Vladimir Putin tried to take the West on a show off - and he miscalculated badly. The owner of the Kremlin has been making more and more such miscalculations lately. He misjudged the prospects for a military invasion of Ukraine, the strength of the Ukrainian army, the reaction of Ukrainian society, the cohesion of the West, the severity of its sanctions, the scale of the withdrawal of foreign firms from the Russian market. And now Putin was also mistaken in assessing the readiness of the largest European states to abandon Russian gas, even if this threatens them with tangible economic damage.
Gazprom could lose at least two thirds of the European market
With his ruble blackmail, the President of the Russian Federation simply did not leave the leading Western countries united in the G7 any choice but to defiantly reject this blackmail on March 28 . At the same time, they formally referred to the need to comply with contracts that stipulate payment only in euros or dollars. At the same time, the Kremlin provided the German government with a very convincing alibi for the German voters: it did not demand changes in the terms of long-term contracts, it did not threaten to stop gas supplies.
Even if not all EU countries , but only the European members of the \"Big Seven\" Germany, Italy, France and Great Britain (USA, Canada and Japan pipeline gas from Gazprom in general) would refuse to pay in rubles and, accordingly, to import Russian gas do not receive), then Russia would suddenly lose more than half of its European market. And it and only it can be supplied by export gas pipelines coming from Western Siberia. It would be enough for companies from Austria and Poland, as they promised, to join the boycott of rubles, and Gazprom would lose at least two-thirds of the volumes sold in Europe.
After Putin\'s currency improvisation, other impromptu should be expected
As we can see, Moscow is still not ready for such losses, especially since at the same time the refusal of Europeans from coal and oil from Russia is gaining momentum. So, thanks to Putin\'s currency improvisation, the West received yet another clear evidence of how badly the Kremlin is now calculating the consequences of its steps - and yet another convincing proof that Moscow today understands only tough answers.
Therefore, after Peskov\'s statement, the German Ministry of Economics should not cancel the regime for preparing the country for an emergency in the gas sector, which, in fact, it is not going to do. Moreover, the Austrian government took a similar step on the same day. Russia has now become too unpredictable. That is why it is necessary at any moment to be ready for new ruble fantasies and foreign economic impromptu of its president.
Author: Andrey Gurkov, economic observer at Deutsche Welle
The comment expresses the personal opinion of the author. It may not coincide with the opinion of the Russian editors and Deutsche Welle in general.