Topic: Russia announced a default on foreign obligations!!! (Read 534 times)

It's in the courtyard of Putin grandmothers tell!

The mechanism will look like this:
Google orders, study reality!

So, once again for everyone - at the moment, all the tantrums of the "super leader of Russia" have ended, he has shut up, and the Ministry of Finance has implemented the following mechanism for accepting payments for gas and oil, for European buyers who pay ... yes, in EURO or USD
 
1. Currency and ruble accounts of type "K" are opened in Gazprombank. Moreover, the buyer of Russian gas does not need to personally come to the bank, the accounts will be opened on the basis of documents "available in the circumstances." Funds in these accounts cannot be frozen or seized.
Accounts of type "K" is a "convertible account" ("K" is an abbreviation). This is a special type of account that banks can open to non-residents - both individuals and legal entities - for payments in rubles, according to the relevant instruction of the Central Bank. Accounts of this type have existed in Russia for many years and are used just for cases when a resident sells something to a non-resident.
2. The buyer transfers funds to a foreign currency account in the currency specified in the gas supply contract. Gazprombank then buys rubles on the Moscow Exchange. This money is credited to the ruble account of the gas buyer.
3. As soon as the rubles are on the account, it is considered that the buyer of gas has fulfilled his obligations.
The decree also empowers the government's foreign investment control commission to issue permission not to comply with the scheme.

Another caveat: The central bank can change the rules for buying currency. He should provide further clarification on how the scheme would work.

The decree also states that if foreigners do not pay for gas in rubles, then supplies will be cancelled. At the same time, the scheme that follows this phrase does not just involve such payments.



 

Since February 26, I have been serving in the Territorial Defense of Kyiv. I saw your "real men", a funny sight! I personally crossed paths with them in Kyiv, when at the very beginning there was an attempt to break into the city from the Obolon district. Guess where all these "real consumables" are now? And many thousands more of your terrorists are now feeding worms and fertilizing our fertile lands
You better not circulate the Kremlin's nonsense, but in fact say something about the topic? Or is it already much more difficult than copy-pasting cheap propaganda materials?

no dude. they must open own rouble account in pair of eur one. and after the transfer and conversion roubles go to account of foreign company. and then they pay. And for this to happen they must deal with russia central bank . and this behaviour is forbidden for them because central bank of russia is under sanctions

No no no ! Stop ! Did you understand the essence of the situation at all? Apparently - no!
Ok, let me explain:
1. Sanctions were imposed for the crimes committed by Russia against Ukraine. For violations of the rules of war, for terrorism, for genocide, for torture and massacres of civilians and many other crimes. It is a fact !
2. What about gas payments in USD/EUR? Yes, everything is simple. You just don't know, you should have just read a little more. In Gazprombank, Russia, CURRENCY accounts have been opened for crediting funds for the supply of gas / oil. Transactions towards these accounts are not blocked. Then these funds are sold within the Russian Federation on the stock exchange for rubles, and rubles are credited to the accounts of Rosneft and other oil and gas traders. This is how the market works now. And you came up with something for yourself and tell me fabulous stories
Everything I wrote is easily verified in open sources!

For the sake of argument, let's assume that the frozen funds are in a way not related to the oil or gas payments. But what about the fresh payments for oil/gas in EUR/USD? Because of the sanctions, Russia is unable to move these funds to local banks. So essentially right now the EU nations are not paying for the imports that they receive from Russia. And only a handful of the EU nations have accepted the demands to make payments in RUR through the Gazprombank. Poland and some others refused and in case of the former the supply was cut-off.

you're just a propaganda victim
here're our real men
https://www.youtube.com/watch?v=nmA14mRdjL4

Well, what can I say - you're great! As Russia was ordered, so she does everything. But her tantrums do not impress anyone, no one will fulfill their idiotic "ultimatums" about rubles. Well, you understand - who is this Russia against the backdrop of normal countries ?! Dummy!



The blocked funds do not in any way overlap with contracts for the supply of oil and gas. No need to mix everything together! These funds will most likely go to Ukraine as part of reparations for the restoration of infrastructure destroyed by terrorists from the Kremlin.
The "growth" of the ruble after statements that only rubles will be accepted for gas and oil is purely psychological. As you can see, the idiotic demands of Russia to pay some kind of unnecessary rubles instead of the euro / dollar turned out not to be realized. Everyone continues to pay as they paid

LOL... the Western media went ballistic about this, and yet nothing happened. From what I heard, EU and US have frozen around $300 billion in Russian assets. Essentially they are receiving the crude oil and natural gas from Russia without any payment (or in simple terms they stole the energy products). And this is one of the reasons why the Russian government asked Gazprom to get the payments in Russian Ruble (which in turn pushed the value of RUR by +10% since the start of the Russo-Ukrainian war).

Meanwhile, the default did not take place, the Russian Ministry of Finance managed to make a payment in US dollars.

Let me upset you No one will pay anything IN RUBLES! The scheme with accounts in Gazprombank has been operating since April 1, and it was built precisely because the EU sent Russia to hell with its idiocy.
So about the payment scheme:
1. There are CURRENCY accounts (EUR/USD) in Gazprombank to accept payments from EUROPEAN buyers
2. The currency comes from the buyer to the supplier to the CURRENCY accounts specified in clause 1
3. CURRENCY from these accounts, through exchanges, is sold for rubles. The ruble weight goes to a special account of Gazprom/Rosneft.

Voila, this is what REALITY looks like, not your fantasy! If the situation does not look like I described - I ask for arguments and evidence to the contrary! But I'm sure, as always, the answer will not be clear


Threat you would at least CAREFULLY read the materials that you publish ))
From the Telegraph, an excerpt from the article you cite "Putin has demanded that so-called "unfriendly" nations open accounts at sanctioned lender Gazprombank, where payments in euros or dollars would be converted into rubles."

Have fun from the heart !!!! Thanks

UPD. For the third day it was not clear what to say in response It's so beautiful to deceive yourself - you need to have talent!

So the deadline for paying for the gas supplied by Russia for April has come. Europe capitulated and will pay in rubles according to Putin's scheme through Gazprombank.

No, no one will pay for nothing in empty rubles, you missed it here too
The "Great Fuhrer of Russia", once again, in March, "delivered an ultimatum to the entire capitalist world" that if from April 1, 2022 (21 days ago ) they do not support Russian oil and gas with the Russian ruble, then the micro-fuhrer will already On April 2, they will cut off their gas and oil supplies .... As expected, everyone sent this idiot on a "walking erotic journey" and continued to pay as prescribed in the contracts. Oh yes - they wrote, like the Vatican paid in rubles Understand - the ruble is just an empty phrase, the ultimatums of a crazy Fuhrer are the hysteria of a mentally ill person at the end of life, that is, also an empty phrase, Russia's influence on world processes is close to zero! Although no - in the area of ​​\u200b\u200b"to spoil the neighbors" Russia is ahead of the rest. Although after the Ukrainian army fucked the Russian army through all the holes and showed its real essence, then here Russia is losing its positions
Reality will be what it is formed by normal countries, which means that Russia does not influence anything here ...

Not sure about these unofficial exchange rates. Very soon, the major clients of Russian oil and gas need to make payments in Russian Rubles (some of the EU nations such as Hungary has already said that they will abide by this directive). And they need to convert their USD to RUR using the official exchange rates. So no matter whatever the unofficial rates are, the trade will be conducted using the official rates. Anyway, it was an excellent decision from the part of Russia to increase gold holdings in their reserves. If that was not the case, RUR would have reached 1 USD = 200 RUR already.

This is very funny
I'll tell you what it REALLY means.
To begin with, an excursion into history. THE USSR. The country from whose remains the Russian Federation emerged. So in the USSR the dollar exchange rate was - 0.68 rubles for 1 dollar! Yes, honestly! The OFFICIAL course was just that. But .. Firstly, foreign exchange transactions for citizens were prohibited. Secondly, on the black market, the dollar is worth 10 or more rubles for 1 dollar. And the parity market price of the dollar in foreign economic transactions was about 12 rubles per dollar.
Now about course 80. Yes, it is. OFFICIAL. But the real one ... The real one is far from this figure. 80 rubles for 1 dollar, this is the price at which the Central Bank of the Russian Federation and banks buy currency from the population. But they don't sell!
This is what a real exchange board in Russia looks like now




Threat never listen to Russian news and propaganda - there is nothing but lies!

According to Google, 1 USD is now equal to 80.00 RUR. And it looks as if the value of Ruble has increase (w.r.t USD) since the Ukraine invasion started. I read about pessimistic predictions from some of the experts, claiming that the exchange rate of Ruble will go down to 1 USD = 150 RUR or 1 USD = 200 RUR. But none of this realized and the fact that Russia is having one of the largest reserves of gold actually helped. The USD now looks weak, given the fact that federal debt is ballooning and the retail inflation within the US is at all time high.

https://alicoup.ru/currency/
It was the usual speculation at the beginning of March. Many people have bought new cars, new household appliances, and now it costs 30-50% less. Some goods are priced very high, but these goods will not be bought by people.Whoever succumbed to this panic in Russia lost a lot.

A 22 year long panic attack?

I'll tell you that many absolutely really assigned Ukraine - no more than 1-2 weeks until it was completely captured by the "second army in the world in terms of power" And the basement Führer believed that he had the most powerful army, the most stable and self-sufficient economy. He also believed that the US, Britain, the EU and many other countries would continue to be afraid of Russia and would not impose such massive and global sanctions. He also believed that he could continue to issue ultimatums and threaten with all nuclear weapons or simply aggression, and in response everyone would dutifully agree to any conditions from Russia. But everything turned out to be wrong. The inflatable army was punched in the face and humiliated in front of the whole world. Thinking the economy collapsed. The "great leader" is forced to hide in a bunker and be afraid to appear in public. And now they are also afraid of a "palace coup."
Ukraine destroyed the myth of the "greatness of Russia" and showed its rotten essence in everything...

I kind of figured that this would happen but as yourself I didn’t think that it would happen so quickly. Which obligations did they default on exactly ? What would be really something is if they defaulted on obligation to China, now that would be REALLY telling. But their army not being as great as they preached or made it out to be as well as their economic situation is no surprise to me. It’s the same thing with China, putting up a fake front.

I'm not sure if I understand the details of your affiliate offer correctly, for example, where will I get a huge amount of useless currency from? I have a symbolic one dollar banknote and a 2 euro coin, rather for numismatic interest. All my money is in bitcoin, some shitcoins and rubles for everyday expenses.

I have a partnership offer for you! Let's organize a financial structure, and you will buy a strong ruble, and I will sell it to you for any slag such as an unsecured dollar, an empty Euro, or a yen mired in debt? Imagine - you will drain huge amounts of useless currencies, and you will have reserves of a strong ruble, which is backed by a powerful economy! How do you like the idea? Ready to get rich?