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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Gas Payments In Rubles Would Backfire On EU Sanctions (26753 Views)
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: 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: 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: 1 Like |
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by djon78(m): 6:44am On Mar 27, 2022 |
Gertyman: 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: 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: 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: 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: 3 Likes |
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by djon78(m): 7:06am On Mar 27, 2022 |
pacespot: 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: 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: 5 Likes |
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Nobody: 7:17am On Mar 27, 2022 |
CUMIN: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: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: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: 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:. 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: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:. 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: 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: 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: 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: 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: Putin is a great strategist. 1 Like |
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