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Gas Payments In Rubles Would Backfire On EU Sanctions - Foreign Affairs (3) - Nairaland

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Four EU Countries Make Gas Payments In Russia's Rubbles / EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions / China Opposes US, EU Sanctions Against Russia ( Pix, Video) (2) (3) (4)

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Re: Gas Payments In Rubles Would Backfire On EU Sanctions by greatness77: 6:25am On Mar 27, 2022
[quote author=Gertyman post=111403698]Funny people here with funny comments. 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 west will go down? Have you asked your if Putin and Russians will be drinking their gases for medical supplies? Will they be using their gases to make what they don't produce? will they be flying on their gases? Why making Russian gas a big deal as if the whole world is built to need Russian gas before the world survive? How about things that doesn't need gas or Russian gas, unfriendly nations will pay in rubbles, indians are d ones producing drugs and they are friendly nations
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by udemzyudex(m): 6:30am On Mar 27, 2022
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


Very funny post.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by pacespot(m): 6:30am On Mar 27, 2022
If Russia wins the sanctions, then it has won the Ukraine war. I am beginning to think that the Russia-Ukraine war has more to do with geopolitical and economic ramifications than what is happening in the battlefield.

5 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Joetttimua1811(m): 6:30am On Mar 27, 2022
Ok
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Acefaruk: 6:34am On Mar 27, 2022
Talk is cheap oh!! Does small isreal have large deposite of natural gas that can serve the of EU? does isreal have even the refining capacity? of cause no.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by bayelsaowei(m): 6:38am On Mar 27, 2022
Can't these fools procure gas from Africa and other parts of the world?
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Benny6944: 6:39am On Mar 27, 2022
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.




Help me confirm country's with highest reserves, not even your Russia op. Venezuela, Saudi etc so shut down your false assumptions
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by sanyaolurilwan(m): 6:39am On Mar 27, 2022
What Gadafi wanted to do before he was .........

CUMIN:
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.

1 Like

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by djon78(m): 6:44am On Mar 27, 2022
Gertyman:
Funny people here with funny comments. 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 west will go down? Have you asked your if Putin and Russians will be drinking their gases for medical supplies? Will they be using their gases to make what they don't produce? will they be flying on their gases? Why making Russian gas a big deal as if the whole world is built to need Russian gas before the world survive? How about things that doesn't need gas or Russian gas, think about that. How will Russia meet up or replenished what they procure from the same western countries. Give me the substancial counts of Russian companies on Fortune 500, which are those significant companies that controls nearly if not more than half of the world market of actual needs than only gas.


Gas is very very important because it is energy.
It is used for absolutely everything, from running companies to running homes.
The importance can not be under emphasized

Example look at effect of Nigeria without diesel, Petrol and power for the past weeks

Energy is more like the life blood of a Nation. Without it, everything crumbles

Concerning Russian gas and Europe. The Europeans have no alternative to Russian gas for now because Russia is very close to Europe, Russia has the infrastructure already; gas pipelines to Europe.
This makes gas from Russia very cheap to European consumers

Gases from other places even the US comes at an extreme high cost to the European consumers and in addition the distance is a huge problem.

To move gas in it's liquified form LNG required tankers that will carry it along the ocean.
Carrying it in tankers across the ocean takes longer time and cannot even scratch a bit of the demand rather than simply turning the tap of Russias gas pipelines which in hours has reached it's destination

So this is a very major problem for Europe. Geographic position put Russia in so much advantage.

For Europe to even develop an alternative will take even up to 10 years to build such infrastructure and the cost will be astronomical

Europe is in a very big dilemma and no one can save them.

That's why analyst are seeing what Russia did by announcing the payment in rubbles.
It will strengthen there currency because Euros and dollars will be chasing rubble making rubble appreciate in value. Major reason Naira depreciates is because Nigeria is not an exporting Nation.

19 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Biggcake: 6:47am On Mar 27, 2022
Dreamhighnow:


In your dream. Let him crumble Ukraine first


The same way USA was able to crumble Taliban in Afghanistan after 20years.

3 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by leobergy(m): 6:49am On Mar 27, 2022
seunny4lif:
I’m not supporting any war but You are the one who is ignorant blind.

I bet you have been sleeping when Bush, Clinton and Obama declared war on other countries because of oil and those leaders trying to move away from influence of the USA unlike Russia who is protecting her own citizens.
What is the reason USA and NATO bombardment Libya, Vietnam, Panama, Somalia, Iraq and Libya.

Yemen Houtis are protecting her own land against Saudi lead allies supported by USA but the are called Terrorists.
Ukraine is doing same thing, they are called HEROES.




Bros abeg next time don’t reply fucking reptiles as their brains can’t process anything.

3 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Gertyman: 6:53am On Mar 27, 2022
djon78:



Gas is very very important because it is energy.
It is used for absolutely everything, from running companies to running homes.
The importance can not be under emphasized

Example look at effect of Nigeria without diesel, Petrol and power for the past weeks

Energy is more like the life blood of a Nation. Without it, everything crumbles

Concerning Russian gas and Europe. The Europeans have no alternative to Russian gas for now because Russia is very close to Europe, Russia has the infrastructure already to transport gas to EU countries buying from Russia; gas pipelines to Europe.
This makes gas from Russia very cheap to European consumers

Gases from other places even the US comes at an extreme high cost to the European consumers and in addition the distance is a huge problem.

To move gas in it's liquified form LNG required tankers that will carry it along the ocean.
Carrying it in tankers across the ocean takes longer time and cannot even scratch a bit of the demand rather than simply turning the tap of Russias gas pipelines which in hours has reached it's destination

So this is a very major problem for Europe. Geographic position put Russia in so much advantage.

For Europe to even develop an alternative will take even up to 10 years to build such infrastructure and the cost will be astronomical

Europe is in a very big dilemma and no one can save them.

That's why analyst are seeing what Russia did by announcing the payment in rubbles.
It will strengthen there currency because Euros and dollars will be chasing rubble making rubble appreciate in value. Major reason Naira depreciates is because Nigeria is not an exporting Nation.

Sure, good point. No doubt about gas being very important. But in the next 10 - 20 years, the world is moving to other friendly sources of energy, and you know that mean gas will be in lesser demand compared to some other commodities the world cannot do without. And as you mentioned, the reason why Russia is holding knife to EU's neck is the proximity of Russia to EU and the already available infrastructure in places. If gas is everything without other technologies, that can even substitute Gas power e.g Nuclear Energy, Semi conductors, Software etc, then Middle East Countries should be the Richest and the largest Economy in the world. UAE is the only middle east country that realized this on time and started diversifying and investing in Science and Technology.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by oyichi: 6:54am On Mar 27, 2022
Russian gas is the cheapest for Europe, there is no reasonable alternative, their mode of transportating the gas through pipes at a short distance gave Russia a big edge against all other alternative

6 Likes 1 Share

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Nobody: 6:57am On Mar 27, 2022
What do they expect Russia to do when the US decided to weapon used the dollar by banning Russia from accessing it. Blame Russia if you can. But the genesis of the whole problem is NATO encirclement of its arch enemy-Russia and you expect Russia to not respond. Haba! Do to others as you would want others do unto you

11 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by dharmieee(m): 7:02am On Mar 27, 2022
Always remember “Necessity is the mother of invention, fathered by experience “. China so far has been providing them with good options. There is a world outside the west hegemony, don’t be deceived
Gertyman:
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 amount 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.

3 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by djon78(m): 7:06am On Mar 27, 2022
pacespot:
If Russia wins the sanctions, then it has won the Ukraine war. I am beginning to think that the Russia-Ukraine war has more to do with geopolitical and economic ramifications than what is happening in the battlefield.

The real battle is not even the ammunition, missiles and the rest.

The major battle is economy.
The West threw all they had at Russia and Russia is now fighting back.

Many nation's are now seeing the danger ahead and after this Russian Ukraine debacle, there will be a lot of readjustment.

For the past 100 years the West has been in control of the world, it's financial economic systems.
This has given them so much leverage.
But in the past 3 decades many nation's are rising up economically and development wise. They have invested massively in education and technologies which has bridged the gap. That's why a Nation like China came from no where to become the second biggest economy in the world.

So after this war, the Western economic power will be whitled more.

The problem with Africa is more about bad leadership that has not invested massively in education and technologies.
Therefore we have an uneducated, extremely myopic people. And this is a very big danger for this continent.

Also we have a people that view everything from the eyes of the West.
When many Africans visit some other parts of the world apart from the West; Dubai, Singapore, China, Hong Kong, South Korea etc
There world view will change.
As mine changed

These nation's have excellent standard of living and the good life. Well educated populace and vision driven purposeful leadership

This is where Africa is massively missing it.

14 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by babajero(m): 7:08am On Mar 27, 2022
Russian propaganda.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by somehow: 7:08am On Mar 27, 2022
CUMIN:
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.

Gaddafi tried this and they killed him.
America and the west killed him

They believe they own Africa and her resources, so anything that challenges this idea, they destroy.

We have more silly Africans (Both followers and leaders) that are still slaves to their own thought.

They still have slave mentality.

You can see the way they always insult, oppose and challenge anyone that say anything against the west and the US.

17 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by dharmieee(m): 7:09am On Mar 27, 2022
All this movement to renewable energy is just fallacy; it’s still going to take longer than 20 years. Was so shocked when. I discovered almost all the countries in the EU are still buying COAL from Russia , not just gas, COAL in this age and time!!
Gertyman:


Sure, good point. No doubt about gas being very important. But in the next 10 - 20 years, the world is moving to other friendly sources of energy, and you know that mean gas will be in lesser demand compared to some other commodities the world cannot do without. And as you mentioned, the reason why Russia is holding knife to EU's neck is the proximity of Russia to EU and the already available infrastructure in places. If gas is everything without other technologies, that can even substitute Gas power e.g Nuclear Energy, Semi conductors, Software etc, then Middle East Countries should be the Richest and the largest Economy in the world. UAE is the only middle east country that realized this on time and started diversifying and investing in Science and Technology.

5 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Nobody: 7:17am On Mar 27, 2022
CUMIN:
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.
I have been advocating this for a long time but unfortunately, I doubt if African leaders got the balls to do it . Examples abound on naira land where future African leaders(the youth) would rather prefer the dollar statuesque to reman unchanged cos of their myopic liking/love for the west at the expense of their African brethren due to western religious affiliations or whatever. Africans why���

5 Likes 1 Share

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by tamdun: 7:20am On Mar 27, 2022
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
The who world has been helping US grow their economy with the petrodollar scam, let everyone trade in their own currency and let see weather dollar will remain the same

7 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by shidof(m): 7:27am On Mar 27, 2022
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 will go for Israel's Gas tho not directly from Israel as Israel will not sell Directly to them. As of yesterday, I heard Egypt is now going to buy Much of Israel gas 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 in the Jaw" GOD ALMIGHTY will use to hook Russia down to Israel. Because what we are witnessing happening to Ukraine now, is quite similar to what will happen to Israel.

The same manner you see 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 that come for that Invasion.

Events are Playing out Prophetically and Only those with Deep Understanding will understand. We are at the End of the End of the End. The RAPTURE will Happen soonest. Be Concious of this and do the Needful
If you're not a deluded soul or Zombie, you won't believe that present day Israel that was founded in 1948 is the Israel mentioned in the Bible. The present day Israel that's is the only country on earth with a Jewish majority, claiming nearly three-quarters of the population. 17.8% of the country is Muslim, 2% is Christian, and 1.6% are Druze.
Note :: A present day Israel with just 2% Christian Population
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by djon78(m): 7:27am On Mar 27, 2022
Gertyman:


Sure, good point. No doubt about gas being very important. But in the next 10 - 20 years, the world is moving to other friendly sources of energy, and you know that mean gas will be in lesser demand compared to some other commodities the world cannot do without. And as you mentioned, the reason why Russia is holding knife to EU's neck is the proximity of Russia to EU and the already available infrastructure in places. If gas is everything without other technologies, that can even substitute Gas power e.g Nuclear Energy, Semi conductors, Software etc, then Middle East Countries should be the Richest and the largest Economy in the world. UAE is the only middle east country that realized this on time and started diversifying and investing in Science and Technology.


Let me tell you
Many people are making mistakes in thinking that fossil fuel will go away quickly

I don't even see fossil fuel going away in the next 100 years.


Who would have believed that price of oil will ever reach $130 today.

For man to develop technologies to overcome fossil fuel, it will require a very big miracle

Those technologies you mentioned cannot substitute gas because they are costly and hazardous.

Gas is a very cheap source of energy and it is in abundance on the Earth.

UAE diversified into service sector that's why tourism brings them huge income.
It's not just technologies.
They invested massively in world class infrastructures, education, airlines to give them a competitive advantage

Every sensible Nation invests in things that will give them competitive advantage over other nations.

The Chinese invested in low cost manufacturing which has given them competitive advantage over other nations.
The West cannot do that because of high minimum wage which will cause the cost of goods to be away from there common man.

The Germans invested in high technological manufacturing and efficiency. Which stands them apart from others.

Likewise the Japanese even nation's like India, Brazil, Turkey etc all invested in what will give them advantage

The world has been designed that if a Nation get herself organized and focused, they will do fine.

That's why I weep for African nation's most especially Nigeria. I really weep for this Nation.

14 Likes 2 Shares

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Hotice085: 7:30am On Mar 27, 2022
RedEnergy:
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.
.

They didn't do that but go and found out what they did to every other ethnic group that were not Russians but truly indigenous?
You think an African can be leader in Russia when it is not possible for non-russian ethnicity?

Obama happened in the West it can NEVER happen in Russia or China
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Codeye(m): 7:37am On Mar 27, 2022
Godada:


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 world consumption.

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



Correction! 40% of Europe consumption not the world. Okay?
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Hotice085: 7:38am On Mar 27, 2022
somehow:


Gaddafi tried this and they killed him.
America and the west killed him

They believe they own Africa and her resources, so anything that challenges this idea, they destroy.

We have more silly Africans (Both followers and leaders) that are still slaves to their own thought.

They still have slave mentality.

You can see the way they always insult, oppose and challenge anyone that say anything against the west and the US.
.

Do you know how many people Gaddafi killed as long you are not his tribesman, who made up is inner circle?

Africans except for Nelson Mandela can never trust themselves, the downfall of Gaddafi Saddam was simply the treatment they meted out to fellow citizens who are not of their stocks
Libya is now with 3factions loyal to their tribe while Shia Moslem now control Iraq

Africa own will be the worst because we have greedy and myopic leaders, don't blame the West but ourselves
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Oturatetuala(m): 7:39am On Mar 27, 2022
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 will go for Israel's Gas tho not directly from Israel as Israel will not sell Directly to them. As of yesterday, I heard Egypt is now going to buy Much of Israel gas 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 in the Jaw" GOD ALMIGHTY will use to hook Russia down to Israel. Because what we are witnessing happening to Ukraine now, is quite similar to what will happen to Israel.

The same manner you see 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 that come for that Invasion.

Events are Playing out Prophetically and Only those with Deep Understanding will understand. We are at the End of the End of the End. The RAPTURE will Happen soonest. Be Concious of this and do the Needful

I am not sure you are okay.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by obedience4(m): 7:40am On Mar 27, 2022
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


Lol, Russia economy to be three times bigger than the USA.. You are high..
No body will pay in ruble
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by somehow: 7:41am On Mar 27, 2022
Hotice085:
.

Do you know how many people Gaddafi killed as long you are not his tribesman, who made up is inner circle?

Africans except for Nelson Mandela can never trust themselves, the downfall of Gaddafi Saddam was simply the treatment they meted out to fellow citizens who are not of their stocks
Libya is now with 3factions loyal to their tribe while Shia Moslem now control Iraq

Africa own will be the worst because we have greedy and myopic leaders, don't blame the West but ourselves

Who told you all these?
The west via CNN, BBC, Fox, etc.

Say something else.

5 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by obedience4(m): 7:45am On Mar 27, 2022
tamdun:

The who world has been helping US grow their economy with the petrodollar scam, let everyone trade in their own currency and let see weather dollar will remain the same


You well?
Will Nigeria accept let's say Ghana cedis when dealing with Ghana.??
So you expect Russia to let say accept naria from Nigeria during trade what is naria to them..
Dollor will remain the world currency
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by bluefilm: 7:46am On Mar 27, 2022
RedEnergy:
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.

Putin is a great strategist.

1 Like

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