Topic: Pay in rubles or have your gas shut off by April - page 2. (Read 1950 times)

That the point I also mentioned - they EU are putting so much sanction on Russia on the request of US. Are they not being aware that they need oil from Russia.
The world need oil and gas no matter what but sanction over sanction to destabilize Russia - now the trouble is coming - let's see how the EU reacts.

seems like a suicide weapon in the political economy between Russia and the West. Western countries are too sure to destroy Russia but do not realize that all their oil and gas needs are in Russian hands. western countries have received criticism from russia to get oil must pay in rubles indirectly they have supported the russian economy by destroying its own economy. really confusing.

rights, political and economic turmoil. Indeed, from the start, politics and economics seemed inseparable, because they were loaded with government interests. may be a temporary problem for Russia, with their reduced oil exports, but for countries importing oil from Russia, of course this is a serious problem, of course the problem of inflation in their country is inevitable. therefore the weak will eventually follow the will of the key holder

@Sithara007 - I read your comments everyday. I have read and heard in news that INDIA purchase oil and gas from Russia. But when Pakistan tried to purchase oil and gas from Russia we saw serious consequences. And out elected government was toppled. We are in political and economic turmoil.

It is not just affecting the countries that are dependent on imports from Russia. India gets most of it's oil and gas from the middle east. But the embargo on Russia has resulted in a huge spike in oil and gas prices and therefore we are suffering from it. Central bank has increased it's repo rate and suddenly the EMIs have become more expensive. Trade deficit is widening to unsustainable levels, and inflation rate is skyrocketing. I would rather blame the US and EU, for their stupid sanctions and embargoes. Rather than hurting Russia, these sanctions have hurt people like me.

Yes, the war had really affect so many countries especially the European Union that is made up of countries that depends much on the oil and gas from Russia. People have started seeing the reason why the war needs to be stopped because many citizens can not afford the price of gases this time around. If the war continues, then it will have effect on most countries that depends on Russia for raw materials and gas supplies.

Here in India, we are suffering from the consequences of the war that is being waged thousands of kilometers away from our borders. The government today reduced taxes on diesel and gasoline to make them more affordable to the common people. But that also means that tax rates need to be increased in other domains. Some of the oil and gas supplies are now coming from Russia at discounted rates, but they make up only a small portion of the overall imports. People in my country are being made scapegoats. 

Cutting off trade with russia is like jumping in the deep dark well. I am not able to understand. How EU decided to put so many sanctions on Russia - being well aware that they are their oil and gas suppliers and there is no alternative to it. Now another trouble is coming. Let's see how EU comes out of it.

Do not be silly, the only reason for such suicidal behavior of Europe in general and Germany in particular is that Europe is not politically independent and Biden's hand is up to the elbow in Scholz's ass.

All of Europe to Portugal is shot through with Caliber from the Caspian Sea. Not to mention Kaliningrad and Belarus.

ps From today, Finland is in the club, gas supplies from Russia have been stopped.

The only reason why EU is doing that because if ukarine falls then Russia is sitting very next to Poland and can directly attack to EU countries now. Due to this fear EU are willing to give up Russian pipeline gas and moving to super expensive LNG. These are just my few satoshis.

There is no viable alternative to the Russian gas. It is outright stupid to believe that pipeline gas can be replaced with LNG. To start with, neither the EU has that many LNG terminals, nor that much spare capacity exists among the LNG producers. And it is ironical that the same people who have shut down the nuclear power plants, there by increasing the dependence on the Russian gas are now pushing ahead with their plans for a total embargo on Russian energy exports. I don't understand what is going through the mind of these EU idiots. Their stupid sanctions have hurt them more than anyone else.

All the rules are man made. And I hope these hard times will change the face of the world.
Russia need to look at their economy - they have never thought of the horrible sanctions - The war must stop now!

It is quite logical that for sufficiently important resources they pay with a stable demanded currency. It can be the Dollar (the main currency of international payments), the Euro. But there cannot be a ruble or, for example, the Ukrainian hryvnia. Here on the domestic market, the produced gas or oil is sold for UAH. And the international market is used to working with a unified convenient means of payment. Or do you want to have 200 pairs of trading rates, purchases of a separate currency for a separate product? Well, let's switch to a natural exchange ?! Why money at all?

That is so lame. See what crisis Pakistan is going through because of the oil deal with Russia.
Do you think me and you pay for government big deals. Oil is only purchase in Dollar and I am sure you are aware of the partrodollar deal which was done back in 70's. Time to do some research.

They had hundreds of years to generate an alternative to Russian gas and they didn't. All this complacency has produced results and Europe will have to lend an arm to avoid a collapse.

Well, you hurried and confidently declared that the EU pays in rubles, the sanctions do not work, only the EU, the USA and others who supported the sanctions lost, Gazprom outplayed everyone, Russia only won in the end? Do not rush to conclusions, this is a pre-mortal activity, this happens just before death
Believe me - NOTHING will change on May 15-20! Moreover, the Kremlin lost another of its pet dogs - the former pro-Kremlin president of Hungary, now there is a normal president there, who immediately openly declared Russia's crimes, and of course he will no longer play on their side!

PS I have gained patience since childhood, since the 1980s, when all three TV channels broadcasted about "the collapse of the USA tomorrow", then I "waited" for the collapse of the dollar, then the Western world order, then the collapse of the EU So far, in the real world only the USSR collapsed, and Russia followed their path. I'll still be patient, ok!



An amazing transition from one to another, but oh well.
Ok, the question is - who forbids you to pay with your local currency?! Well honestly? USA or still a supplier? The USA doesn't forbid you anything! For example, being in the EU, I calmly make payments with a card in my native currency in hryvnia, and banks eventually credit, for example, euros to a restaurateur. I can give many more examples - no one forbids anything to anyone. Well, except for criminals. Maybe we don't know something? Share the story of how the United States forbade you to pay with your local currency?

Europe is making apparently suicidal attempts to turn off Russian energy and the European economy is heading towards collapse at high speed. In such circumstances, I consider the systematic cutting off of economic ties between Russia and Europe quite reasonable, so that sinking Europe does not drag Russia along with it.

I wish the parto-dollar deal should stop - It will be a good thing for world economy. But US will never let this happen.
The parto-dollar deal is the only thing which is keeping Dollar at the top. My country wanted to trade in local currency but have seen serious threats. This won't happen. The russian - america war will be game changer.

Yes, I know about such a "mixture"! Yes, I know that in this way the EU bypasses its own sanctions. Yes, I know that there are many more "dubious" activities going on right now, from primitive deception to even sabotage. This is to be expected when huge money is circulating in this area, where there are high stakes, where sanctions create problems not only for the criminal, but, unfortunately, for the other side as well. Moreover, I know that in the modern world, especially riddled with corruption, this is "normal". But I see no reason to stop putting pressure on international terrorists, break up and replace corruption schemes, and build a safe hydrocarbon market.

Russia should not over-react at this point. They are earning tens of billions of USD right now from the high gas prices. Let the EU pay all this amount, and in the long term it will be beneficial for Russia. I guess that the gas exports will decrease from a level of 180 billion cubic meters in 2020 to around 150 billion cubic meters by 2022. But the difference is that they earned less than $25 billion from these exports in 2020 and will earn at least $150 billion in 2022 (thanks to the higher gas prices). And back in 2020, the net profit was only around $2billion. This may go up by at least 50x in 2022.