The first country in Europe to pay for gas to Russia in rubles - page 2.

TheNineClub

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Quote from: DanWalker on March 30, 2022, 11:16:00 PM

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

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.

LUCKMCFLY

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Well this is something that does not surprise me at all, the Vatican with the power it has and the money it has can buy gasoline from any country it wants, what surprises me is that it must be somewhat impartial, but since everything is a business A At first glance, they don't care. On the one hand they are proclaiming no to war and on the other hand they buy from the wrong people, this is something incongruous, and it is time for the whole world to realize that the Vatican is the most corrupt in the world, they hide behind a religion to do that and many more things that are not allowed.

Joshapat

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We are still waiting for official confirmation from Vatican or Russia. If this news is true of course It can be said that the European sanctions against Russia have failed. as we know that the vatican is a very influential country in europe and even the world so if they have a deal with russia it will have a big impact on other countries and will have a domino effect.

Sithara007

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Quote from: DVlog on April 05, 2022, 04:21:43 PM

So how did the price of rubles come back to the same place that was before the start of the war? How did Putin manage to recover his 40%-50% fall within a month? There won't be any long-term effects because there won't be any real replacement for Russian gas. The USA could provide little support for a very short time only. Russian gas is cheap and EU need that gas to run their economy. There is not any alternative at least till now.

Difficult to say whether the current exchange rate for Rubles can be sustained. Even in 2014, the RUR exchange rates were steady for a few months, before collapsing from 1 USD = 30 RUR to 1 USD = 70 RUR. It is difficult to say whether the exchange rates staying at these levels is due to the strength of the Ruble, or due to the Russian government burning their forex reserves to support it. If the latter case is true, then I don't expect the current exchange rates to hold for too long. A part of their reserves have been frozen as a results of the sanctions and embargoes.

DVlog

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Quote from: fiulpro on April 04, 2022, 10:20:35 AM

Quote from: DVlog on April 03, 2022, 12:14:30 PM

Quote from: DanWalker on March 30, 2022, 11:16:00 PM

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

So western sanctions failed to destroy the Russian economy. Now it seems this war was actually profitable for Putin. All those who were calling Putin a mad man and responsible for the downfall of Russia's economy now can enjoy the flourishment of rubles. West can try to find an alternative to Russian gas but they will never match the cost of Russian gas.

Fortunately you are wrong.
Russians do have bear the weight of the sanctions ofcourse and their economy is not just being destroyed but also these are causing long term effects. Some countries would ofcourse agree to pay them in rubles but this would only give a small pump to their already destroyed economy.
There is definitely a rebound of Russian Ruble and the price is increasing but this does not mean that the value would go back even if there are countries like India, China they would still need much more support to make their economy better and stronger.

So how did the price of rubles come back to the same place that was before the start of the war? How did Putin manage to recover his 40%-50% fall within a month? There won't be any long-term effects because there won't be any real replacement for Russian gas. The USA could provide little support for a very short time only. Russian gas is cheap and EU need that gas to run their economy. There is not any alternative at least till now.

Furious 7

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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.

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I don't know how far this is true, based on the search I found there is only one gas station in Vatican. Even if vatican buy gas with Rubles, this isn't gonna make a big impact. European countries aren't making trade and Asian countries keep them prepared which is the reason for the recovery of Rubles even at the worst case scenario of sanction.

LeGaulois

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Guys.

The gas agreements are made in euros and as Russia has to respect the agreements, they cannot change anything (on the risk of financial penalties). This is how gas purchases are made in Europe. so no, European countries are not going to pay with Russian money.

Even if the Russians decide to stop the supply, this cannot be done in one day, it takes at least one month to stop the machines. Europe has enough gas until this summer and during this period we use a lot less gas volume until the next winter. Secondly, Russia isn't the center of gravity regarding this resource. There are alternative suppliers (USA,...)

Applying this measure would imply a situation of instability and deprive Russia of a considerable financial source. Moreover, contrary to the news, some Russian banks have so far been unaffected by the sanctions and are able to receive payments in euros and convert them into rubles.

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Vatican is not related to any nation directly, even though they are in Italy, they are their own nation basically, or state, or whatever you want to call them. It is not really a big deal that they would still get rubles because I never believed that they were part of the sanctions to begin with. However, other European nations do need gas, and if Russia only works with rubles then those western nations will have to deal with rubles all over again.

The fact that ruble gained so much power so quickly back to where it was is proof that ruble and even Russian economy wasn't as impacted as people believe it would be, I can't really say much else about it and feel sorry for the situation in Ukraine.

Hydrogen

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Quote from: DanWalker on March 30, 2022, 11:16:00 PM

It can be said that European sanctions against Russia have failed.

It should be mentioned russia is also the #1 exporter of uranium fuel for nuclear power plants.

Quote

Russia leads the world at nuclear-reactor exports

China is its only real competitor

THE nuclear power industry, which had been in the doldrums since the 1980s, suffered a devastating blow in 2011 when a tsunami engulfed the Fukushima power plant in Japan, ultimately causing a meltdown. The amount of electricity generated by nuclear power worldwide plunged 11% in two years, and has not recovered since. Within this declining industry, one country now dominates the market for design and export of nuclear plants: Russia.

Flat domestic demand for electricity has curtailed construction of new plants at home, so Rosatom, Russia’s state-owned nuclear-power company, has been flogging its wares abroad. It is focused on what some call the “great grand middle”: countries that are close allies of neither the United States nor Russia. In April Russia started building Turkey’s first nuclear plant, worth $20bn. Its first reactor is due for completion in 2023. Rosatom says it has 33 new plants on its order book, worth some $130bn. A dozen are under construction, including in Bangladesh, India and Hungary.

https://www.economist.com/graphic-detail/2018/08/07/russia-leads-the-world-at-nuclear-reactor-exports

If sanctions are to have a chance of success, perhaps russia's global monopoly of the nuclear fuel market can be addressed.

It is premature to say if sanctions can succeed. Many different things can still happen, that will alter the course of events.

The russian ruble appears on a path to recovery. While the vatican may not be buying rubles, to stabilize its value, it would appear someone out there is.

Gozie51

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Fake news is one challenge that the media is having. People want to hype certain things from the negative side to gain popularity especially the bloggers and those twitter handles. Now the Russian ruble is being hyped for popularity so that more countries will consider to buy Russia gas with it. This is looking like a propaganda to revive the ruble I think so.

DrBeer

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Everyone understands perfectly well that normal countries will not pay for raw materials that are supplied under contracts, which clearly indicate the mechanism of payment in Euros, for worthless rubles. Only those countries whose government is either bought by Russia or is on the hook will accept the ultimatum (many have the sins of illegal connections with Kremlin criminals in their hearts). The rest - they just sent a crazy dwarf from the bunker to hell, and continued to pay according to the signed contract

By the way, think about why Frau Merkel so persistently curtailed nuclear energy in Germany, and "accidentally" replaced it with hydrocarbons ... oh ... precisely from Russia? And for one thing, remember where her predecessor Gerhard Schroeder settled down ?!

fiulpro

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Quote from: DVlog on April 03, 2022, 12:14:30 PM

Quote from: DanWalker on March 30, 2022, 11:16:00 PM

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

So western sanctions failed to destroy the Russian economy. Now it seems this war was actually profitable for Putin. All those who were calling Putin a mad man and responsible for the downfall of Russia's economy now can enjoy the flourishment of rubles. West can try to find an alternative to Russian gas but they will never match the cost of Russian gas.

Fortunately you are wrong.
Russians do have bear the weight of the sanctions ofcourse and their economy is not just being destroyed but also these are causing long term effects. Some countries would ofcourse agree to pay them in rubles but this would only give a small pump to their already destroyed economy.
There is definitely a rebound of Russian Ruble and the price is increasing but this does not mean that the value would go back even if there are countries like India, China they would still need much more support to make their economy better and stronger.

Quote from: gantez on April 02, 2022, 03:37:21 PM

It is a joke

I wanted to have the real knowledge but it is not real that it happened. It may be an April fool joke that the media got to it and it spread. The media can be one of the source for knews not verified. So it was a joke from the information that I got above.

Now this is something that might cause probelms, people spreading such jokes causes problems overall and it ends up influencing the people in a negative way for sure. Therefore one must be really careful while spreading such information!!

DVlog

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Quote from: DanWalker on March 30, 2022, 11:16:00 PM

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

So western sanctions failed to destroy the Russian economy. Now it seems this war was actually profitable for Putin. All those who were calling Putin a mad man and responsible for the downfall of Russia's economy now can enjoy the flourishment of rubles. West can try to find an alternative to Russian gas but they will never match the cost of Russian gas.

merchantofzeny

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Do winters in Rome get cold enough to require heating? And the Vatican city itself is so tiny it probably don't have a pipeline directly from Russia and instead buys the gas from Italy. I don't think they'd even be worrying about this so like most said here, it's likely an April Fool's joke or some propaganda hoax.

Quote from: cryptomaniac_xxx on April 02, 2022, 02:03:38 PM

If this is fake news then someone behind is doing some propaganda for the Russia to send message that somewhat the sanctions have failed.

But thanks as well to social media, we know that this is not going to happen and it's unlikely that the Vatican is willing to take the risk with the Russians, because this seems to be a suicide on their side to help and aid them in this war.

That's a possibility. The Vatican would lose whatever remaining moral ground they have if it is suspected that they are supporting this war.

Quote from: Moneyprism on March 31, 2022, 12:27:49 AM

if it's the Vatican, maybe they will get special treatment by Europe,,, because they are a holy city that is free from political interference.. so when they buy gas with rubles, Europe will not have a problem with that

Nah, no one in Europe cares shit what the Vatican says.

gantez

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It is a joke

I wanted to have the real knowledge but it is not real that it happened. It may be an April fool joke that the media got to it and it spread. The media can be one of the source for knews not verified. So it was a joke from the information that I got above.

stompix

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Quote from: bittraffic on April 02, 2022, 10:58:43 AM

Actually this is the most political country which even Royal family and US presidents beg at the Pope. I think other countries will look at the action of Vatican as a message to the leaders about what they need to do. Its about following what God says.

Oh for god's sake!
The queen is the head of the Church of England, which is Anglican.
The queen "begging" the Pope is the same as Xi kneeling and praying before the Grand Mufti of Saudi Arabia.

Quote from: DanWalker on March 30, 2022, 11:16:00 PM

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect.

Let me tell you about a real, confirmed domino effect:
Lithuania ceasing all Russian gas imports for domestic needs

Second, the Vatican does not buy gas, it gets both water and electricity from Italy.
Seriously people, have you ever been there, seen any gas and oil pipes going through San Pietro Plazza?
Oh wait, should have asked a far simpler question, do you even know what the Vatican is?

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Quote from: teosanru on April 02, 2022, 12:58:11 PM

Here is a rather credible source clearly stating that this news sparked after a tweet went viral and in fact the tweet owner has apologized as well, here is the link to that post: https://oilprice.com/Latest-Energy-News/World-News/No-The-Vatican-Is-Not-Paying-For-Russian-Gas-In-Rubles.html

European countries are pretty strong when it comes to Union, you won't really see a country just defying the sanctions without notifying the Union about it, if some country is facing such an issue with any resource the other countries will definitely come to help and arrange that resource for that country. But yes if in future any such thing happens then it won't only be a domino effect but in fact a win for Russia as it's economy would become stronger instead of going into isolation.

Main thing that i do have in mind on knowing about such news on where a certain country did make out such decision which could definitely made out some domino effect but luckily it was really just some fake news.

Of course if one of the countries will really be having problems then the Union would surely be finding ways on supporting that one just as long it wont really be able to get some help or option on dealing with
Russia and its true that there are several various sources for gas which it wont really be that much a big problem for Vatican to see some solution of that problem.

cryptomaniac_xxx

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If this is fake news then someone behind is doing some propaganda for the Russia to send message that somewhat the sanctions have failed.

But thanks as well to social media, we know that this is not going to happen and it's unlikely that the Vatican is willing to take the risk with the Russians, because this seems to be a suicide on their side to help and aid them in this war.

teosanru

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Here is a rather credible source clearly stating that this news sparked after a tweet went viral and in fact the tweet owner has apologized as well, here is the link to that post: https://oilprice.com/Latest-Energy-News/World-News/No-The-Vatican-Is-Not-Paying-For-Russian-Gas-In-Rubles.html

European countries are pretty strong when it comes to Union, you won't really see a country just defying the sanctions without notifying the Union about it, if some country is facing such an issue with any resource the other countries will definitely come to help and arrange that resource for that country. But yes if in future any such thing happens then it won't only be a domino effect but in fact a win for Russia as it's economy would become stronger instead of going into isolation.

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