The first country in Europe to pay for gas to Russia in rubles

zaesvlas

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Quote from: Mometaskers on April 10, 2022, 09:36:05 AM

Quote from: be.open on April 08, 2022, 11:09:49 AM

Quote from: Mometaskers on April 08, 2022, 10:31:15 AM

There are reports circulating that Hungary would be paying in rubles though that is still unconfirmed. It is far more believable than the Vatican story though, considering Hungary has several times moved in opposition to the EU in other issues.

Hungary has a very strong nostalgia for the days of Janos Kadash and goulash communism, when cheap energy resources came from the USSR, and Hungarian goods were in great demand in the USSR. And there is dissatisfaction with their current position in the European Union.

Oh is that so? Don't know about the USSR stuff but Hungary like Poland does seem to have disagreements with the EU bureaucrats over certain issues so I'm not surprised when I heard about this. Still looking for actual confirmation but it's almost certain that the EU will punish Hungary over it.

I think Europe will still be able to say hello to Orban in the very near future.

Drane007

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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

Mometaskers

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Quote from: be.open on April 08, 2022, 11:09:49 AM

Quote from: Mometaskers on April 08, 2022, 10:31:15 AM

There are reports circulating that Hungary would be paying in rubles though that is still unconfirmed. It is far more believable than the Vatican story though, considering Hungary has several times moved in opposition to the EU in other issues.

Hungary has a very strong nostalgia for the days of Janos Kadash and goulash communism, when cheap energy resources came from the USSR, and Hungarian goods were in great demand in the USSR. And there is dissatisfaction with their current position in the European Union.

Oh is that so? Don't know about the USSR stuff but Hungary like Poland does seem to have disagreements with the EU bureaucrats over certain issues so I'm not surprised when I heard about this. Still looking for actual confirmation but it's almost certain that the EU will punish Hungary over it.

DrBeer

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Quote from: be.open on April 10, 2022, 06:28:22 AM

Quote from: iv4n on April 10, 2022, 05:39:52 AM

Russia has the resources and of course, they are trying to achieve some goal through them, everyone has to play their cards the best way they can! Again many questions do they really have strong cards or are they just bluffing? And if they have strong cards, are they really ready to go all the way? If they are there will be consequences, probably big ones!

I will give only two figures to show how strong the Russian economy is:
1. The 2022 budget includes an oil price of $45 per barrel. Even by selling oil to India at a 30% discount, Russia gets about $25 in excess profits from every barrel that goes to the National Welfare Fund.
2. Europe buys Russian gas for about a billion dollars a day and the embargo on Russian gas in Europe is not even seriously discussed.

The European Parliament called on the EU Council to impose additional sanctions against the Russian Federation for its war against Ukraine. This is discussed in the resolution adopted at the plenary session in Strasbourg on 7 April. 513 MEPs voted for it, 22 were against, and 19 abstained, writes DW...

retreat

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Quote from: be.open on April 10, 2022, 06:28:22 AM

Quote from: iv4n on April 10, 2022, 05:39:52 AM

Russia has the resources and of course, they are trying to achieve some goal through them, everyone has to play their cards the best way they can! Again many questions do they really have strong cards or are they just bluffing? And if they have strong cards, are they really ready to go all the way? If they are there will be consequences, probably big ones!

I will give only two figures to show how strong the Russian economy is:
1. The 2022 budget includes an oil price of $45 per barrel. Even by selling oil to India at a 30% discount, Russia gets about $25 in excess profits from every barrel that goes to the National Welfare Fund.
2. Europe buys Russian gas for about a billion dollars a day and the embargo on Russian gas in Europe is not even seriously discussed.

This is also what still makes a big question mark in my head, whether the discussion about sanctions on Russia has really been discussed seriously because Europe's dependence on oil and gas from Russia is very large. if they already have other alternatives then why should they ban countries that want to buy oil and gas from Russia? after all the vatican still need oil and gas from russia, forbidding them to buy from there is a mistake imo.

be.open

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Quote from: iv4n on April 10, 2022, 05:39:52 AM

Russia has the resources and of course, they are trying to achieve some goal through them, everyone has to play their cards the best way they can! Again many questions do they really have strong cards or are they just bluffing? And if they have strong cards, are they really ready to go all the way? If they are there will be consequences, probably big ones!

I will give only two figures to show how strong the Russian economy is:
1. The 2022 budget includes an oil price of $45 per barrel. Even by selling oil to India at a 30% discount, Russia gets about $25 in excess profits from every barrel that goes to the National Welfare Fund.
2. Europe buys Russian gas for about a billion dollars a day and the embargo on Russian gas in Europe is not even seriously discussed.

iv4n

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Quote from: be.open on April 09, 2022, 03:37:44 PM

Quote from: RealMalatesta on April 09, 2022, 09:54:26 AM

I did not know this, was it like a more profitable place with good economy back then? Or is it doing better right now?

Under Kadash, Hungary had a high standard of living and poverty was practically defeated, any Hungarian could afford meat and vegetables for traditional Hungarian goulash every day. That is why that period of Hungarian history is called goulash communism. Hungary even now has a good price for its gas contracts and it depends on gas supplies from Russia by 85%, so I think Hungary will continue to buy Russian gas, and if necessary, will pay for it in rubles, because the energy security of its country is not the sacrifice that sane politicians are willing to make for someone else's armed conflict, no matter for what reason.

I read about it the other day, Hungary stated that it is ready to pay everything in rubles, but immediately afterward criticism came from most EU countries! Since the conflict began, Hungary has held its neutral position very firmly! Although a member of the European Union and NATO, Hungary still has strong ties with Russia! That probably won't change, it will be interesting what others will say about it, and whether their game is sustainable in the long run... many questions, only time can answer them!

Russia has the resources and of course, they are trying to achieve some goal through them, everyone has to play their cards the best way they can! Again many questions do they really have strong cards or are they just bluffing? And if they have strong cards, are they really ready to go all the way? If they are there will be consequences, probably big ones!

Ozero

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Quote from: DanWalker on March 31, 2022, 12:16:00 AM

According to media reports, the Vatican Bank has accepted payments for Russian gas in rubles.
The source also said that the Vatican bought rubles from the Central Bank of Russia for the equivalent of 10 million euros and that the Vatican has completed all the necessary steps in the method of purchasing gas in rubles.

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect. It can be said that European sanctions against Russia have failed.

source: https://iravaban.net/en/375887.html

The Vatican is a very small country and its gas trade with Russia for several tens of millions of dollars solves practically nothing in terms of European and US sanctions, when Russia received billions of dollars a day for energy supplies. There was information that Moldova agreed to buy gas from Russia for rubles. Hungarian Prime Minister Orban recently said that he does not consider buying gas from Russia for rubles a circumvention of sanctions, but he was quickly explained what such rhetoric could lead to and he immediately changed his mind.
Of course, very quickly Europe cannot refuse the supply of energy carriers from Russia. However, this process, due to Russia's blackmail and its aggression against Ukraine, has been launched, and in five years it will be a disaster for Russia.

awik p

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Quote from: RealMalatesta on April 09, 2022, 09:54:26 AM

Quote from: be.open on April 08, 2022, 11:09:49 AM

Quote from: Mometaskers on April 08, 2022, 10:31:15 AM

There are reports circulating that Hungary would be paying in rubles though that is still unconfirmed. It is far more believable than the Vatican story though, considering Hungary has several times moved in opposition to the EU in other issues.

Hungary has a very strong nostalgia for the days of Janos Kadash and goulash communism, when cheap energy resources came from the USSR, and Hungarian goods were in great demand in the USSR. And there is dissatisfaction with their current position in the European Union.

I did not know this, was it like a more profitable place with good economy back then? Or is it doing better right now? Our nation had the same thing with another nation, but a nation that was too powerful and authoritarian, which meant that in return of being economically rich, we also had to follow another nations rule and laws and they provided a lot of rules that we should follow.

For the past 20 years or so we haven't done that and became a bit more independent which resulted with us getting poorer and poorer in exchange of being free from their grasp, they hate us now for not following them, but we hated being their puppet even more so it turned out alright.

this seems to be changing direction or wanting to become a more independent country, whatever the decision is by opposing the rules of their group, of course there are sanctions that must be obeyed, but we can look in the mirror from Russia, where until now they seem to have not complained about the situation and the sanctions that have been applied to that country. and they can still survive, therefore they must have a key that can make other people seem dependent, so they are still needed, and it will be difficult for them to follow the rules of the group leader, while they do not immediately provide a solution

be.open

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Quote from: RealMalatesta on April 09, 2022, 09:54:26 AM

I did not know this, was it like a more profitable place with good economy back then? Or is it doing better right now?

Under Kadash, Hungary had a high standard of living and poverty was practically defeated, any Hungarian could afford meat and vegetables for traditional Hungarian goulash every day. That is why that period of Hungarian history is called goulash communism. Hungary even now has a good price for its gas contracts and it depends on gas supplies from Russia by 85%, so I think Hungary will continue to buy Russian gas, and if necessary, will pay for it in rubles, because the energy security of its country is not the sacrifice that sane politicians are willing to make for someone else's armed conflict, no matter for what reason.

DrBeer

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Quote from: be.open on April 08, 2022, 11:09:49 AM

Quote from: Mometaskers on April 08, 2022, 10:31:15 AM

There are reports circulating that Hungary would be paying in rubles though that is still unconfirmed. It is far more believable than the Vatican story though, considering Hungary has several times moved in opposition to the EU in other issues.

Hungary has a very strong nostalgia for the days of Janos Kadash and goulash communism, when cheap energy resources came from the USSR, and Hungarian goods were in great demand in the USSR. And there is dissatisfaction with their current position in the European Union.

At the top of Hungary, for the last 20 years, there are constantly people who had and still have very close personal contacts with the Kremlin. Moreover, quite sensitive state propaganda is being carried out, with an anti-European, anti-Western, and pro-Russian bias. Such parties as Jobbik Magyarországért Mozgalom are actively developing - in fact a nationalist party. The party describes itself as a "principled, conservative and radically patriotic Christian" party whose main goal is to defend "Hungarian values and interests". It rejects global capitalism, European integration and is anti-Zionist. In the 2014 parliamentary elections, the party managed to win 20.54% of the vote and 23 seats in the National Assembly, making it the third largest political party in Hungary. Plus, the president, who has long been sitting on the krbchka at the Kremlin, and obediently fulfills ALL the orders of the Kremlin.

RealMalatesta

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Quote from: be.open on April 08, 2022, 11:09:49 AM

Quote from: Mometaskers on April 08, 2022, 10:31:15 AM

There are reports circulating that Hungary would be paying in rubles though that is still unconfirmed. It is far more believable than the Vatican story though, considering Hungary has several times moved in opposition to the EU in other issues.

Hungary has a very strong nostalgia for the days of Janos Kadash and goulash communism, when cheap energy resources came from the USSR, and Hungarian goods were in great demand in the USSR. And there is dissatisfaction with their current position in the European Union.

I did not know this, was it like a more profitable place with good economy back then? Or is it doing better right now? Our nation had the same thing with another nation, but a nation that was too powerful and authoritarian, which meant that in return of being economically rich, we also had to follow another nations rule and laws and they provided a lot of rules that we should follow.

For the past 20 years or so we haven't done that and became a bit more independent which resulted with us getting poorer and poorer in exchange of being free from their grasp, they hate us now for not following them, but we hated being their puppet even more so it turned out alright.

be.open

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White Russian

Quote from: Mometaskers on April 08, 2022, 10:31:15 AM

There are reports circulating that Hungary would be paying in rubles though that is still unconfirmed. It is far more believable than the Vatican story though, considering Hungary has several times moved in opposition to the EU in other issues.

Hungary has a very strong nostalgia for the days of Janos Kadash and goulash communism, when cheap energy resources came from the USSR, and Hungarian goods were in great demand in the USSR. And there is dissatisfaction with their current position in the European Union.

Mometaskers

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This is obviously fake. There's no way the Vatican could be buying gas from Russia directly simply because of its location, not to mention there are neighborhood far larger than the Vatican.

There are reports circulating that Hungary would be paying in rubles though that is still unconfirmed. It is far more believable than the Vatican story though, considering Hungary has several times moved in opposition to the EU in other issues.

zasad@

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Quote from: Kakmakr on April 08, 2022, 03:26:43 AM

The Vatican will never do that, because they are Catholics and there are only an estimated 140 000 Catholics left in Russia (0.1% of the total population.) Russian Orthodoxy make up almost 86.7% of the religion used in Russia.

So yea... I see someone already figured out that this is fake news, but I just wanted to show that there would not be any religious reasons for the Vatican to do that. Roll Eyes

I am writing data from the American research center
https://www.pewresearch.org/religion/2017/05/10/religious-belief-and-national-belonging-in-central-and-eastern-europe/
According to Russian data for 2021, only 15% of the population of Russia are Muslims.

macson

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Quote from: DanWalker on March 31, 2022, 12:16:00 AM

According to media reports, the Vatican Bank has accepted payments for Russian gas in rubles.
The source also said that the Vatican bought rubles from the Central Bank of Russia for the equivalent of 10 million euros and that the Vatican has completed all the necessary steps in the method of purchasing gas in rubles.

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect. It can be said that European sanctions against Russia have failed.

source: https://iravaban.net/en/375887.html

the vatican is a religious country and what is happening between ukraine and russia is not a religious war, so we should not associate the vatican with war. the sanctions imposed by the european union didn't fail it's just that russia had something they needed that are gas and oil, without it then the wheel of the economy will be difficult to move.

DrBeer

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Quote from: Furious 7 on April 05, 2022, 04:04:21 AM

Putin has already said he doesn't want to give charity and he's set this to be even stronger now. it seems that apart from the Vatican there are several other countries that are starting to surrender to it, one of which is Slovakia now. I read articles that said they had given up and if it was possible to bring Russian gas back into existence they would pay in rubles as Putin had determined.
This is indeed quite risky for them, but on the other hand, it seems that Slovakia still cannot live on Russian gas because 85% of their gas supply is imported from there.

What surprises you? There are at least 2 camps in Europe:
1. Who will sell at least their own mother for money. It's like the Vatican and the like.
2. Where Russia managed to put on "financial feeding" or collect a lot of compromising evidence on top-level politicians. So they follow all the instructions like obedient dogs.

Therefore, for me, for example, this is not something surprising. There are corrupt politicians, there are servants of the Kremlin - they fulfill their obligations to the owner. But it's good that there are not many of them, it's good that "Major Merkel of the FSB" left her post, this freed the hands of the EU.

Wong Gendheng

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As we know that the vatican is a country that is completely bordered or surrounded by italy, and italy supports europe which gives strict sanctions to russia, i believe this is difficult to happen because of vatican dependence on italy, moreover russia and vatican have not provided official confirmation so this is just issue.

Rikafip

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Quote from: TheNineClub on April 08, 2022, 03:13:14 AM

Until we get a definitive confirmation, we can't really accuse. However, if it is true, I can't really be surprised by it. After all, the catholic church (or any other church) is not really altruistic as they portray themselves to be and mostly work for its own interests. Their condemnation of the war was lackluster and their overall value to the general public is completely unexistent. So buying gas for Rbles would definitely not be beneath them.

According to this article the Russian guy who started this rumour confirmed that it's been a joke. Its more rule than exception, that some nonsense shared on social media goes viral, and even the choice of the country tell us that this has been a joke. I do agree though that. Agree with the rest of the stuff though.

Quote from: Kakmakr on April 08, 2022, 03:26:43 AM

The Vatican will never do that, because they are Catholics and there are only an estimated 140 000 Catholics left in Russia (0.1% of the total population.) Russian Orthodoxy make up almost 86.7% of the religion used in Russia.

Vatican will never do that because Italy takes care of that stuff from them but even if they did, number of Catholics in Russia wouldn't be any deciding factor.

Kakmakr

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The Vatican will never do that, because they are Catholics and there are only an estimated 140 000 Catholics left in Russia (0.1% of the total population.) Russian Orthodoxy make up almost 86.7% of the religion used in Russia.

So yea... I see someone already figured out that this is fake news, but I just wanted to show that there would not be any religious reasons for the Vatican to do that. Roll Eyes

Topic: The first country in Europe to pay for gas to Russia in rubles (Read 365 times)