The bloc will have to buy rubles from Russia’s central bank

The switch to rubles for gas payments, announced earlier this week by Russian President Vladimir Putin, would force the European Union to circumvent its own anti-Russia sanctions if it wants to keep the gas flowing in, Germany’s Der Spiegel reported, citing economy experts.

According to Düsseldorf economist Jens Südekum, in order to pay for gas deliveries, Europe would have to buy rubles from the Central Bank of Russia, which earlier this month was placed on an EU sanctions list. The measure prohibits any financial transactions between the Russian financial regulator and EU.

“Putin is indirectly forcing us to bypass our own sanctions,” Südekum told the publication. Another expert, Klaus-Jürgen Gern of the Institute for World Economics in Kiel, added that, due to the importance of Russian gas to EU nations (40% of the bloc’s gas needs are covered by Russian imports), the proposed measure “will exert massive pressure on the Western world” and effectively “make their sanctions absurd.”
Furthermore, if the change comes to pass, it will result in the rapid strengthening of Russia’s national currency, the ruble, currencies expert Peter Bofinger told the publication.

“If Western gas consumers are now forced to buy rubles for dollars or euros, the demand for the Russian currency and hence its exchange rate will rise,” he explained.

Although the mechanism of switching to rubles for gas payments is still in the works, the announcement of the change alone has left Russia’s importers seriously puzzled, and dragged the ruble to a three-week high earlier this week. After all, under the worst-case scenario, Russia could turn off the taps on its gas pipes and, with no way to find an alternative source of the commodity fast-enough, that is precisely what is generally feared.

https://www.rt.com/business/552746-gas-payments-in-rubles-backfire-eu/

No Generation can Defeat Israel

Uprightness100:
Definitely! It will backfire on the EU sanctions and will give Putin and Russia the upper hand. But this is what I see happening in the coming days/ months.

I see a Scenario where Most of EU and others go do Israel's Gas tho not directly from Israel. As of yesterday, I heard Egypt is now going to buy Much of Israel has and would sell to Europe.

I Believe in times to come this will anger Russia/Putin and will make him to make a move towards Israel. Which is the Ezekiel 38& 39 GogMagog War.

I Believe, Israel gas and resources is the Hook GOD ALMIGHTY will use to hook Russia down to Israel. Because what we are witnessing happening to Ukraine is quite similar to what will happen to Israel.

The same manner you the Nations do to Ukraine is the same that will happen to Israel. No one will help Israel. They will be almost annihilated but the GOD of Israel will Come down and Crush all the Collation of Nations.

Are you ok?

Look Putin will crumble United States.
Russia has been helping even the US dollars, most of the deals Russia does before now was Dollars, that made the dollar one of the most sort out for, it made the dollar to have value. Unfortunately the United States under Biden never put this into consideration, no alternative to buy gas, Saudi Arabia, UAE, Venezuela the United States thought would help them in bringing an alternative backed out and promised to remain Neutral in this conflict, Expect Russia economy to be three times stronger than the United States and UK. The pounds is becoming Useless in value of late now

Uprightness100:
Definitely! It will backfire on the EU sanctions and will give Putin and Russia the upper hand. But this is what I see happening in the coming days/ months.

I see a Scenario where Most of EU and others go do Israel's Gas tho not directly from Israel. As of yesterday, I heard Egypt is now going to buy Much of Israel has and would sell to Europe.

I Believe in times to come this will anger Russia/Putin and will make him to make a move towards Israel. Which is the Ezekiel 38& 39 GogMagog War.

I Believe, Israel gas and resources is the Hook GOD ALMIGHTY will use to hook Russia down to Israel. Because what we are witnessing happening to Ukraine is quite similar to what will happen to Israel.

The same manner you the Nations do to Ukraine is the same that will happen to Israel. No one will help Israel. They will be almost annihilated but the GOD of Israel will Come down and Crush all the Collation of Nations.

Mumu pastor. Fake Israel is the Gog and Magog.

How can hybrid mankind be the real Jews? They have recessive genes and will simply die out if they don’t introduce black genes into their line. Imagine God choosing mankind with recessive genes.

Revelation 3:9
King James Version
9 Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee.

Revelation 2:9
King James Version
9 I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.

This is a game of chess. Russia has made its move, over to you now Europe.

Uprightness100:
Definitely! It will backfire on the EU sanctions and will give Putin and Russia the upper hand. But this is what I see happening in the coming days/ months.

I see a Scenario where Most of EU and others go do Israel's Gas tho not directly from Israel. As of yesterday, I heard Egypt is now going to buy Much of Israel has and would sell to Europe.

I Believe in times to come this will anger Russia/Putin and will make him to make a move towards Israel. Which is the Ezekiel 38& 39 GogMagog War.

I Believe, Israel gas and resources is the Hook GOD ALMIGHTY will use to hook Russia down to Israel. Because what we are witnessing happening to Ukraine is quite similar to what will happen to Israel.

The same manner you the Nations do to Ukraine is the same that will happen to Israel. No one will help Israel. They will be almost annihilated but the GOD of Israel will Come down and Crush all the Collation of Nations.

I need that

WATCHOVER:
Look Putin will crumble United States.
Russia has been helping even the US dollars, most of the deals Russia does before now was Dollars, that made the dollar one of the most sort out for, it made the dollar to have value. Unfortunately the United States under Biden never put this into consideration, no alternative to buy gas, Saudi Arabia, UAE, Venezuela the United States thought would help them in bringing an alternative backed out and promised to remain Neutral in this conflict, Expect Russia economy to be three times stronger than the United States and UK. The pounds is becoming Useless in value of late now

In your dream. Let him crumble Ukraine first

Uprightness100:
Definitely! It will backfire on the EU sanctions and will give Putin and Russia the upper hand. But this is what I see happening in the coming days/ months.

I see a Scenario where Most of EU and others go do Israel's Gas tho not directly from Israel. As of yesterday, I heard Egypt is now going to buy Much of Israel has and would sell to Europe.

I Believe in times to come this will anger Russia/Putin and will make him to make a move towards Israel. Which is the Ezekiel 38& 39 GogMagog War.

I Believe, Israel gas and resources is the Hook GOD ALMIGHTY will use to hook Russia down to Israel. Because what we are witnessing happening to Ukraine is quite similar to what will happen to Israel.

The same manner you the Nations do to Ukraine is the same that will happen to Israel. No one will help Israel. They will be almost annihilated but the GOD of Israel will Come down and Crush all the Collation of Nations.

Dude, you changed your profile from Righteousness22 to another name & still behaving the same way. Don't you think you need to be admitted to the hospital the way you are going with this?

Ukraine seems to be winning this war on social media.

Many are clueless about what's going.

The music will be clearer in few months time.

Grave hunger and depravity is coming.

Our world will never remain the same.

The only people clueless about what is coming is African leaders

.

Uprightness100:
Definitely! It will backfire on the EU sanctions and will give Putin and Russia the upper hand. But this is what I see happening in the coming days/ months.

I see a Scenario where Most of EU and others go do Israel's Gas tho not directly from Israel. As of yesterday, I heard Egypt is now going to buy Much of Israel has and would sell to Europe.

I Believe in times to come this will anger Russia/Putin and will make him to make a move towards Israel. Which is the Ezekiel 38& 39 GogMagog War.

I Believe, Israel gas and resources is the Hook GOD ALMIGHTY will use to hook Russia down to Israel. Because what we are witnessing happening to Ukraine is quite similar to what will happen to Israel.

The same manner you the Nations do to Ukraine is the same that will happen to Israel. No one will help Israel. They will be almost annihilated but the GOD of Israel will Come down and Crush all the Collation of Nations.

High on crack as always.

Said it before that Putin is an economic genius. The idiots that dropped sanctions are the ones that will carry it with their own heads. By the time this war is over, everyone's eyes will be open that it is time to end Western imperialism. This is the beginning of the end for the evil Western Empire.

[[s]quote author=Uprightness100 post=111400088]Definitely! It will backfire on the EU sanctions and will give Putin and Russia the upper hand. But this is what I see happening in the coming days/ months.

I see a Scenario where Most of EU and others go do Israel's Gas tho not directly from Israel. As of yesterday, I heard Egypt is now going to buy Much of Israel has and would sell to Europe.

I Believe in times to come this will anger Russia/Putin and will make him to make a move towards Israel. Which is the Ezekiel 38& 39 GogMagog War.

I Believe, Israel gas and resources is the Hook GOD ALMIGHTY will use to hook Russia down to Israel. Because what we are witnessing happening to Ukraine is quite similar to what will happen to Israel.

The same manner you the Nations do to Ukraine is the same that will happen to Israel. No one will help Israel. They will be almost annihilated but the GOD of Israel will Come down and Crush all the Collation of Nations.[/quote][/s]

Pls stop smoking CRACk.

This is what Africa should do. We should have a unified front and introduce a continental wide currency.

Any commodity bought from Africa should be paid in that currency.

Anything that cut America to size

This was likely what they killed Ghaddafi for...but in this case they cannot do the same for Putin. Any attempt on his life would be tantamount to a nuclear war. Idiot NATO are afraid to have the mansions and empire blown to smithereens!

The point remains that on the back stage the Russian economy will grow in this trade war face-off.

Already, the likes of Germany that depends on Russian for gas are already feeling absurd.

This is dicey...,.....these sanctions here and there at the day of the day can not be imposed by all countries.

Survival will impose practicality and in the end, some countries would be forced to buy the Russian gas that account for 40% percentage of the consumption by the west and second position in terms of world largest export.

So as it stands, Russian is still in a good place.

BloomingDale:


Mumu pastor. Fake Israel is the Gog and Magog.

How can hybrid mankind be the real Jews? They have recessive genes and will simply die out if they don’t introduce black genes into their line. Imagine God choosing mankind with recessive genes.

Revelation 3:9
King James Version
9 Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee.

Revelation 2:9
King James Version
9 I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.

GOD BLESS YOU..that guy was just annoying me with his ignorance

Hahahahah RUSSIA propaganda strong for nairaland..... THIS IS FAKE NEWS THE ONLY VISIT KNOWN WAS CHINESE VISIT TO INDIA

Also many anti Russia PROTEST TOOK PLACE ACROSS EASTERN EUROPE....

BELOW is the one in Prague

I see it so clear now. It is Russia that will bring America to its knees and China will remove the crown from their head. Olympus will soon fall in real life, not just in the movies. Western Europe must pay for all their evil atrocities and crimes against humanity in this world. We have not forgotten what they did to our ancestors in Africa. Evil lots claiming to be good but are responsible for more than half the problems in this world.

The Russians didn't do this to my ancestors, the British and Americans did. That's why history is very important, Africans of today are so blind to see who their real enemies are.

Beat them at their own game.
God bless my mentor, all hail the Chess master KGB Commander Putin

How?

EU will pay in rubles unless they want massive anti government protests.
Hungary already said they have no other option and Turkey that was not part of countries that sanctioned said they will start trading with Russia in Ruble.

I think it’s time Africa leaders should wake up.
Gadaffi tried to united Africa by saying anyone that want to trade with Africa countries should use Africa currency not Dollars or Euros or Pounds.

Yesterday farmers in Italy and Spain protested against high cost of diesel and it affecting farmers on production.

UK even said they are ready to remove sanctions on Russia if Russia withdraw as UK saw that many countries will stop packing money to London.

Syria president travelled to UAE for the first in 10 years which shocked the USA.
This war will show a new power.

tradepunter:
Hahahahah RUSSIA propaganda strong for nairaland..... THIS IS FAKE NEWS THE ONLY VISIT KNOWN WAS CHINESE VISIT TO INDIA

Also many anti Russia PROTEST TOOK PLACE ACROSS EASTERN EUROPE....

BELOW is the one in Prague

You are quick to post this but don’t post massive pro Russia protests in Serbia and Bulgaria.

Tge Rouble to d moon.

Lol

Funny people here on NL writing funny comments. If not for Russia - Ukraine War, how many times did many NLders' follows international politics. But once they read emotional and one sided headlines be it from Western media source talking about how Russia will go down or from Russian sources talking about how the West will go down? then Nairalanders comments will start aligning with who is winning on that headline without proper knowledge of foreign policy. Just imagine, this news is from Russia today, what do you expect, won't you expect it to talk about how the West will go down? Have you asked yourself whether Putin and Russians will be drinking their gas in order to replace the medical supplies mostly from the West? Will they be using their gases to make what they don't produce? will they be flying on their gas instead of Boeing or Airbus plane? Why making Russian gas a big deal as if the whole world is built to need Russian gas before it could survive? How about things that doesn't need gas or have to do with Russian gas or any other fossil fuel, think about that. How about several companies from the West and other foreign investors that just left Russia market? How will Russia meet up or replenishes what they needs the supply of, from the same Western countries. Give me the substancial number of Russian companies on Fortune 500 list of companies, which are list of highest valuation companies (significantly dominated by companies from the west) controlling nearly if not more than half of the world financial capital market values, products and services around the world, an indication that every thing is not all about gas or fossil fuel.

seunny4lif:

You are quick to post this but don’t post massive pro Russia protests in Serbia and Bulgaria.

See baba are you just ignorantly blind ...

One man declared SPECIAL OPERATIONS on a COUNTRY....

HES LOST THE NARRATIVE AND SEE IT WAS A MISTAKE.....

NOW BOMBING CITIES and KILLING CITIZENS to pressure the GOVERNMENT to cave in and you want me to support auch EVIL

His propaganda tools are here in form of RUSSIA TODAY news carriers... Am here to debunk their lies...

Serbia will be in support of Russia because YUGOSLAVIA was broken up and Serbs KILLED BOSNIANs who were majority Muslims...

Now they have broken into several countries.... Definitely Serbia vision aligns with PUTIN, they want to get back all the former states just the Putin wants to build back USSR era.... How can you force other ethnic tribes under one just because you are a majority?

If you support evil then that church you go everyday is a waste....