Topic: Pay in rubles or have your gas shut off by April - page 7. (Read 1971 times)
I think crypto industry can learn from Putin's master stroke of only allowing ruble for paying gas bills. Ruble was around 138/dollar in march starting and in April it is around 83/dollar. It also became best performing currency in march. So here the learning is if you want to increase the value of your crypto coin/token than you need to increase their use cases e.g. Payment for gas bills using ruble
Russia supplied this amount of gas to European countries earlier. Now the situation is rapidly changing not in favor of Russia because of the aggressive war unleashed by it and the desire to seize Ukraine. If just a week ago some European states were not ready to impose an embargo on supplies of oil, coal and gas from Russia, then after the publication of those terrible atrocities that the Russian invaders perpetrated against the civilian population in the Kiev region, Europe is almost ready to impose such an embargo even to the detriment of own interests. This is facilitated by the end of the heating season, and the previously proclaimed reorientation to "green" energy from alternative sources as a measure against a sharp climate change. European countries have realized that they need to get rid of their energy dependence on Russia, and therefore Russia will gradually lose its positions in this regard.
Despite all the propaganda, Russian crude oil deliveries for the month of May was sold out well in advance. Obviously the Europeans are reducing their purchases from Russia. But refiners in India, Indonesia and most importantly China have stepped up theirs. Saudi Arabia is making optimal use of this situation and the premium set for Saudi oil is at an all time high. European losers are wasting their tax money by buying super-expensive crude from "peaceful" and "non-aggressor" countries such as Saudi Arabia (let's ignore their ongoing military campaign in Yemen for a moment), and many of the countries in the EU are inching closer to bankruptcy.
It definitely would be convenient to forget Saudi Arabia's ongoing military campaign in Yemen and other crimes against humanity it has committed so as to be able to get expensive crude oil. The war in Yemen has been going on for years but no one seems to notice and send equipments and machinery to help. Perhaps if Yemen was to be an EU member state, it may have well been different than what it is now.
Russia supplied this amount of gas to European countries earlier. Now the situation is rapidly changing not in favor of Russia because of the aggressive war unleashed by it and the desire to seize Ukraine. If just a week ago some European states were not ready to impose an embargo on supplies of oil, coal and gas from Russia, then after the publication of those terrible atrocities that the Russian invaders perpetrated against the civilian population in the Kiev region, Europe is almost ready to impose such an embargo even to the detriment of own interests. This is facilitated by the end of the heating season, and the previously proclaimed reorientation to "green" energy from alternative sources as a measure against a sharp climate change. European countries have realized that they need to get rid of their energy dependence on Russia, and therefore Russia will gradually lose its positions in this regard.
Despite all the propaganda, Russian crude oil deliveries for the month of May was sold out well in advance. Obviously the Europeans are reducing their purchases from Russia. But refiners in India, Indonesia and most importantly China have stepped up theirs. Saudi Arabia is making optimal use of this situation and the premium set for Saudi oil is at an all time high. European losers are wasting their tax money by buying super-expensive crude from "peaceful" and "non-aggressor" countries such as Saudi Arabia (let's ignore their ongoing military campaign in Yemen for a moment), and many of the countries in the EU are inching closer to bankruptcy.
Your alternatives for supplying gas to Europe couldn't meet demand. Cost would obviously increase cause of high demand with little supply. With high prices and little supply, Every country would want to maximize its oil and gas reserve use so would your alternatives sources.
Russia supplies around 200 billion cubic meters of gas to Europe every year (40% of the total demand). If you take the supplies from the alternative sources (US LNG, Venezuela.etc), the spare capacity is less than 10% of the amount provided by Russia. On top of that, new regassification and LNG terminals take at least 5-6 years to build. To complicate things further, the Biden administration has taken many policies that negatively impact the shale oil and gas producers within the United States, ever since he took office in 2021 January.
Your alternatives for supplying gas to Europe couldn't meet demand. Cost would obviously increase cause of high demand with little supply. With high prices and little supply, Every country would want to maximize its oil and gas reserve use so would your alternatives sources.
Russia supplies around 200 billion cubic meters of gas to Europe every year (40% of the total demand). If you take the supplies from the alternative sources (US LNG, Venezuela.etc), the spare capacity is less than 10% of the amount provided by Russia. On top of that, new regassification and LNG terminals take at least 5-6 years to build. To complicate things further, the Biden administration has taken many policies that negatively impact the shale oil and gas producers within the United States, ever since he took office in 2021 January.
Putin has threatened so called unfriendly states to pay in rubles or have its gas supply shut off. It has said it doesn't buy things for free and so isn't going to charitable with its energy.
Europe has kicked against this with Germany saying its being blackmailed by this move. What other choice does Europe has with Russia alone selling about 40% of energy to the world.
Europe has kicked against this with Germany saying its being blackmailed by this move. What other choice does Europe has with Russia alone selling about 40% of energy to the world.
The alternatives are in South America, through Brazil, Colombia and Venezuela, if you can buy it, the only thing is that the gas will be much more expensive, but there are alternatives, large gas pipelines can be built so that they can reach Europe much faster, that is an option because I do not see Europeans with gas cylinders on the streets, even more so when they are used to gas coming through their respective internal pipes.
The problem has worsened, but I think that both the USA and Europe began to impose very radical sanctions without taking into account the risks for themselves, the USA bowed its head against Venezuela and if Europe does not want to bow its head, it has to look for alternatives quickly.
Your alternatives for supplying gas to Europe couldn't meet demand. Cost would obviously increase cause of high demand with little supply. With high prices and little supply, Every country would want to maximize its oil and gas reserve use so would your alternatives sources.
The result was predictable 
Russia with its demands and ultimatums was sent on a "walking erotic journey"
Under-Fuhrer, having decided that he is God and all his ultimatums will be fulfilled, did not take into account that he communicates not with his slaves, but with people from the free world, where laws, contracts, and obligations work. As a result, like any "initiative" of Russia, it all turned into a comedy. Do you know what they did? They created a CURRENCY account at Gazprombank. Where do buyers transfer.. What? Yes - CURRENCY! And then they themselves buy rubles on the interbank exchange! "The West has been brought to its knees, another victory for Russia!" ))
Putin is now using dictatorship and not counting others because he is in superpower. Don't even think about the advantages and disadvantages. Russia has no idea how many people will suffer if the gas supply is cut off, he is just looking after his own interests. Russia with its demands and ultimatums was sent on a "walking erotic journey" Under-Fuhrer, having decided that he is God and all his ultimatums will be fulfilled, did not take into account that he communicates not with his slaves, but with people from the free world, where laws, contracts, and obligations work. As a result, like any "initiative" of Russia, it all turned into a comedy. Do you know what they did? They created a CURRENCY account at Gazprombank. Where do buyers transfer.. What? Yes - CURRENCY! And then they themselves buy rubles on the interbank exchange!
"The West has been brought to its knees, another victory for Russia!" ))Now, Russia wants to build a new world order with China. As a result, powerful Russia will become infinitely powerful and will do whatever it wants while keeping the whole world in its hands.
Russia does not "crush" the West with its economy, or with its technologies that it will stop supplying to the West, there is no greatness. There is only the fear of nuclear war, and this crazy dwarf uses it very well.Regarding China, I agree that China has contradictions with the West, but I do not agree that China will create an alliance with Russia. Russia for him, China - just a raw material appendage.
You have to admit that Russia is currently in the position of superpower. And it's not just nuclear weapons that keep Russia afloat. It's right that they possessed the world's largest stock of nuclear weapons. Besides It is also strong in economic and military and mineral resources.
Further study: https://en.m.wikipedia.org/wiki/Russia
The war is not a video game that will occupy Russia in a few months if Ukraine is given a nuclear weapon. Russia has the manpower and enough troops that Ukraine does not have. Because Ukraine is a very small country.
So, in terms of manpower and technology, Ukraine will not be able to compete with Russia. This is not to say that I am supporting Russia against Ukraine.
I also want Ukraine to win their freedom, a country that is passionate about independence, to win. And let this devastating war end and peace return.
Putin has threatened so called unfriendly states to pay in rubles or have its gas supply shut off. It has said it doesn't buy things for free and so isn't going to charitable with its energy.
Europe has kicked against this with Germany saying its being blackmailed by this move. What other choice does Europe has with Russia alone selling about 40% of energy to the world.
Europe has kicked against this with Germany saying its being blackmailed by this move. What other choice does Europe has with Russia alone selling about 40% of energy to the world.
The alternatives are in South America, through Brazil, Colombia and Venezuela, if you can buy it, the only thing is that the gas will be much more expensive, but there are alternatives, large gas pipelines can be built so that they can reach Europe much faster, that is an option because I do not see Europeans with gas cylinders on the streets, even more so when they are used to gas coming through their respective internal pipes.
The problem has worsened, but I think that both the USA and Europe began to impose very radical sanctions without taking into account the risks for themselves, the USA bowed its head against Venezuela and if Europe does not want to bow its head, it has to look for alternatives quickly.
There are different, even opposing, analyses as regards Germany's fate should it decide to wean itself completely from Russia's gas and oil and even coal. But the numbers don't lie and that Germany is in fact heavily reliant on Russia with regard to these goods. This must be the reason why Germany was more careful in their steps when Russia started to invade Ukraine. But eventually it seemed Germany had to take that bold step. It is either they will remain hostage by Russia or they will contribute pressure for Putin to stop his madness. And Germany chose the latter. It is now their responsibility to urgently find alternatives.
I think Germany's problem is that there is no alternative to Russian pipeline gas right now and even in the next year or two. There is not enough gas supply on the market to replace the volumes that fell in the event of an embargo and will not be in the near future, there are not so many tankers and so many terminals for liquefied gas, and it takes time to build them. Under Merkel, Germany fell under the political influence of the Greens and closed its nuclear power industry, from 01/01/2022 three of the six German reactors were shut down, and from 01/01/2023 the other three will also stop. Cheap Russian pipeline gas is needed for German industry and as a raw material for fertilizers, even if it can be replaced with liquefied gas, it will be noticeably more expensive and this will make production in Germany simply uncompetitive. And in the absence of wind and generation on windmills, the embargo on Russian gas can even de-energize Germany. Russia's military aggression against Ukraine has not yet subsided. In Russia, they realized that they could not effectively attack Ukraine from three sides, as they had previously counted on the minimum resistance of the Ukrainian armed forces. The Armed Forces of Ukraine, having already 8 years of experience in military operations, very competently took advantage of the situation and do not arrange frontal battles, but operate in small groups with the support of artillery and aviation, inflicting pinpoint and tangible losses on the enemy. Therefore, in the first month of the war, Russia lost more than 40,000 people killed, wounded and captured. Military equipment "the second army of the world" has already lost about 40 percent, eight of the ten invading armies of Russia.
They can try any tactics they want to try, it will not succeed for one simple reason. Russia is fighting with soldiers, and that makes sense, people who have military experience and guns and armour and weapons and tanks etc etc, that is how you go to a war. However, Ukraine has the advantage of the fact that they are fighting as a whole nation. Sure there are some people who are fleeing the nation and going to other nations.But, every single person who stayed back, will be fighting Russia. So, it is not about Russia military versus Ukrainian military, it is more like Russian soldiers vs EVERYONE in Ukraine right now. This is why they are failing, and will keep on failing.
Yes, most middle aged men stayed behind and joined the army. They know the terrains better then the Russians and could in small groups ambush and inflict some serious damage. And fighting from three fronts probably stretched them far out.
To be honest, if European countries don't want to freeze to death then they inevitably have to obey the rules set by Putin. This step actually looks cruel but I see this is the last step from Putin to escape the sanctions imposed on Russia.
That's not true, the risks are not nearly as high as you present them, which is why the EU must impose a gas embargo on Russia. There's the statement that EU already has enough gas till the end of winter. Now it's getting warmer, so the matter of gas will become relevant from the next heating season, starting in October. It's half a year away from now, and Germany buys around 40% of gas from Russia (so more than half is already covered by other sources). Also, the US said it'll help EU (and US has quite a lot of gas). Not to mention that if the Western world acted more swiftly right now, they could make the war end sooner, and then they could work out new deals with the new Russian government, including gas deals.There are different, even opposing, analyses as regards Germany's fate should it decide to wean itself completely from Russia's gas and oil and even coal. But the numbers don't lie and that Germany is in fact heavily reliant on Russia with regard to these goods. This must be the reason why Germany was more careful in their steps when Russia started to invade Ukraine. But eventually it seemed Germany had to take that bold step. It is either they will remain hostage by Russia or they will contribute pressure for Putin to stop his madness. And Germany chose the latter. It is now their responsibility to urgently find alternatives.
Putin may do away with any timeline. He may send Russian troops to Ukraine no end regardless if they come home alive or not. But how long do Russians endure their leader's madness?
Quote
The price of liquefied natural gas (LNG) from the U.S. is at least 30-40 percent higher than Russian pipeline gas, Russia's Energy Minister Alexander Novak said on Saturday.According to Russian news agency Tass, Novak said that the U.S. wants Europe to buy its LNG but the price of which is at least 30-40 percent higher than Russia's piped gas.
So before all these events even Russia barely manages to claim its gas is 40% cheaper than LNG.
Those are the prices when supply is regular. Once Russian gas is taken out of the equation, the demand for US LNG will increase manifold. The prices Europeans need to pay will be a lot higher than what they paid in 2021. There are a limited number of LNG terminals operating in the US and the output volume is not infinite. And it is ridiculous to even claim that LNG that needs to be transported more than 10,000 km with multiple regasifications can be traded at the same price as pipeline natural gas.
To be honest, if European countries don't want to freeze to death then they inevitably have to obey the rules set by Putin. This step actually looks cruel but I see this is the last step from Putin to escape the sanctions imposed on Russia.
That's not true, the risks are not nearly as high as you present them, which is why the EU must impose a gas embargo on Russia. There's the statement that EU already has enough gas till the end of winter. Now it's getting warmer, so the matter of gas will become relevant from the next heating season, starting in October. It's half a year away from now, and Germany buys around 40% of gas from Russia (so more than half is already covered by other sources). Also, the US said it'll help EU (and US has quite a lot of gas). Not to mention that if the Western world acted more swiftly right now, they could make the war end sooner, and then they could work out new deals with the new Russian government, including gas deals.
Russia can totally go on with this plan, it's not like a new source would just magically appear to replace the gas it's supplying Europe. It would take years to build new pipelines to other existing sellers as well as building renewables to cover a portion of the energy need.
I do believe that Russia isn't going to immediately start charging in rubles (this is just me trusting they'd honor existing contracts) but it would in the near future.
Gas is an energy source that could be replaced mainly, and if Russia goes down this road, which they already have that will result with European nations building faster and faster renewable energy sources. Right now, wind and solar getting so much attention that we are seeing it built every single day, like crazy.I do believe that Russia isn't going to immediately start charging in rubles (this is just me trusting they'd honor existing contracts) but it would in the near future.
Interestingly what this war did for climate change, politicians haven't done it in years, we are actually on a better road right now to save the world. This is why they could request ruble for now, but they will be getting much less money in the near future, and I mean like in a year or so it will start to show itself. They screwed themselves with this war for sure. Maybe not today, but for the future.
Russia can totally go on with this plan, it's not like a new source would just magically appear to replace the gas it's supplying Europe. It would take years to build new pipelines to other existing sellers as well as building renewables to cover a portion of the energy need.
I do believe that Russia isn't going to immediately start charging in rubles (this is just me trusting they'd honor existing contracts) but it would in the near future.
I do not think that this blackmail will work with Putin. Europe has realized its mistake, having become dependent on energy carriers from Russia, and urgently, as far as possible, corrects the situation. Already in March, Russia received only 38% of the planned income from the sale of energy resources. Russian oil storages are full. One by one, private companies and entire countries refuse to buy Russian oil and gas. Ports refuse to transship oil, and insurers refuse to insure.I do believe that Russia isn't going to immediately start charging in rubles (this is just me trusting they'd honor existing contracts) but it would in the near future.
The list of countries that are still buying Russian oil and gas and not reducing volumes includes China, Hungary, and Indonesia. Some, such as Germany, Italy and several other Western countries, are either reducing supplies or planning to do so in the near future until they are completely abandoned.
India is now taking advantage of the situation and buying oil from Russia at almost half the price. But she doesn't need a lot of oil. Therefore, India will not save Russia in this regard. In the medium and long term, Russia will lose very big.
In my opinion, this is a very irresponsible geopolitical game.
Russia is a European country. Russia is not China or Asia. The theory of Eurasianism is the most ridiculous and terrible thing that happened in the history of Russia.
Network effects have not been canceled. To function successfully in the world, it is necessary to actively trade and interact with other countries.
At the same time, you need to take care of your customers (and not threaten them or hit them on the head with a stick). European countries (including Ukraine) are the best buyers of Russian gas and oil.
Russia is very lucky to have such a competitive advantage - a powerful oil and gas industry. This industry was created by several heroic generations of Soviet people after the end of World War II.
But without adequacy, any competitive advantage is meaningless.
Russia is a European country. Russia is not China or Asia. The theory of Eurasianism is the most ridiculous and terrible thing that happened in the history of Russia.
Network effects have not been canceled. To function successfully in the world, it is necessary to actively trade and interact with other countries.
At the same time, you need to take care of your customers (and not threaten them or hit them on the head with a stick). European countries (including Ukraine) are the best buyers of Russian gas and oil.
Russia is very lucky to have such a competitive advantage - a powerful oil and gas industry. This industry was created by several heroic generations of Soviet people after the end of World War II.
But without adequacy, any competitive advantage is meaningless.
Putin has threatened so called unfriendly states to pay in rubles or have its gas supply shut off. It has said it doesn't buy things for free and so isn't going to charitable with its energy.
Europe has kicked against this with Germany saying its being blackmailed by this move. What other choice does Europe has with Russia alone selling about 40% of energy to the world.
Europe has kicked against this with Germany saying its being blackmailed by this move. What other choice does Europe has with Russia alone selling about 40% of energy to the world.
There is a lot of bluster and idle threats between the two countries, but it's a catch-22 situation for Russia right now. They produce very little else that is desirable to Europe, so the biggest and possibly only economic threat the can use to counter all the sanctions imposed against them is oil and gas. Yes it would hurt Europe, but in the short and long run it would hurt Russia much more. Europe is the most premium paying market for Russian oil and gas, paying almost half a billion per day and once those taps get turned off - there will be no chance of turning them back on again and rerouting that supply to much cheaper paying markets would take a very long time. Russia is playing a very dangerous game threatening to turn the supply off, which is why that has been kept relatively quiet for as long as possible, if they were truly serious then it would have been turned off weeks ago.
Putin has threatened so-called unfriendly states to pay in rubles or have their gas supply shut off. It has said it doesn't buy things for free and so isn't going to be charitable with its energy.
Europe has kicked against this with Germany saying it's being blackmailed by this move. What other choice does Europe have with Russia alone selling about 40% of energy to the world?
If it is possible I think the whole world will divert with china so we are waiting for good something no wair we want to pech as soon as possible any how. so we are waiting for a good world. Europe has kicked against this with Germany saying it's being blackmailed by this move. What other choice does Europe have with Russia alone selling about 40% of energy to the world?
As you noticed, the key players sent Russia with its nonsense and regular demands. Yes, rightly noted - there are contracts, and many of them end no earlier than 2025 and beyond. What does it mean ? This means that Russia will be forced to comply with the terms of supply, and the West, in the current situation, has a free hand and can impose any sanctions restrictions on the supply of these resources from Russia to the world market. The result, I think you can imagine? Yes, I agree - India and China will now buy up unsold surplus oil and gas from Russia at a bargain price, dictating to Russia the price at which they will be ready to buy. And Russia will dutifully sell them to get at least some benefit from the collapsing industry.
Russia can totally go on with this plan, it's not like a new source would just magically appear to replace the gas it's supplying Europe. It would take years to build new pipelines to other existing sellers as well as building renewables to cover a portion of the energy need.
I do believe that Russia isn't going to immediately start charging in rubles (this is just me trusting they'd honor existing contracts) but it would in the near future.
I do believe that Russia isn't going to immediately start charging in rubles (this is just me trusting they'd honor existing contracts) but it would in the near future.
Jump to: