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Gas Payments In Rubles Would Backfire On EU Sanctions - Foreign Affairs (4) - 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 Gertyman: 7:49am On Mar 27, 2022
djon78:



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.



Am happy we are both sharing nice comments. And I believe we can still learn from each other. Way back to BC's and AD's there were no fossil fuel, and yet they build kingdoms, pyramids and their sciences are the foundations of everything we have today.

Currently, several cars are now running on electricity, and solar energy still undergoing several research to see the best monograin/chemical composition that can produce the best efficiency. There have been many failures at the beginning of each innovations before we get what we now use today. Fossil fuel has proven to be degrading our environment and in the long run will be unsustainable as natural disasters awaits the earth. It's not a matter of choice but a matter of compulsion to preserve the depreciation of the earth. That's the reason for researching into other alternatives to save the world.

As for China, cheap labour is what they provided while the western countries provided the companies. Yes, sure each country is investing in what will give them advantage, but the goal of every country is also to be independent of other countries and also to increase their internal consumer market. China will not stop until she is independent of the west so as to be able to make everything it wants. That's why they launched made in china 2025. Of course Africa countries are weak, and cannot compete. The reason why every countries wants to be able to produce atleast enough products and technology they want is to be self sufficient, build wealth and increase their internal consumer market. China may have the manufacturing power, but they do not currently have the consumption power which is one of the formula for calculating gdp.

I get your point, but the world is working hard to get rid of fossil fuel, else this planet will be uninhabitable in the nearest future if we still live to depend on fossil fuel.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Pidaa: 7:51am 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 think that prophecy has come to pass
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by InoGetJoy: 7:52am 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.
Exactly what Gaddafi proposed before he was murdered by the US
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by venabili: 7:53am 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
This guy need serious help
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by InoGetJoy: 7:54am On Mar 27, 2022
efficiencie:
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!
It wasn't "likely" what they killed Gaddafi for, it was "exactly" what they killed Gaddafi for.
If his proposal had pulled through, it would've greatly reduced the value of dollar and reduced African dependency on the West. They murdered him and destroyed his country because of it

7 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Hotice085: 7:54am On Mar 27, 2022
somehow:


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

Say something else.
.

Tell how many groups are now fighting to control Libya?

What was Saddam sect and who are in charge now?
If not for the West you would never have been in online?
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Hotice085: 7:56am On Mar 27, 2022
InoGetJoy:

It wasn't "likely" what they killed Gaddafi for, it was "exactly" what they killed Gaddafi for.
If his proposal had pulled through, it would've greatly reduced the value of dollar and reduced African dependency on the West. They murdered him and destroyed his country because of it
.

Gaddafi was killed with great help of the tribe he so persecuted, when you are a leader be fair to all

1 Like

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Gertyman: 7:57am On Mar 27, 2022
dharmieee:
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!!

I doubt the coal though, few countries stll uses coal, China the Lead. UN even have regulations on coal. Coal is the fastest Ozone layer destroyer. Renewable energy is getting popular in Europe. Several countries in Europe already investing in Wind Farm for wind energy in Europe. Iceland capitalizing on Geothermal Energy and many other too in other sources of Energy from Ocean. Most of their energy are now combined from different sources. Check out Denmark.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by BloomingDale(f): 7:58am On Mar 27, 2022
africanpride1:

Wow! I salute your intelligence. I wish we can be chatting Pals.

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by frowland(m): 7:58am On Mar 27, 2022
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

Likewise US, they had countless protests like this when US invaded Libya and Iraq or were you 2 years old then?
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by somehow: 7:58am On Mar 27, 2022
Hotice085:
.

Tell how many groups are now fighting to control Libya?
If not for the West you would never have been in online?

Says who?

This is another lie they told you. Go and read the history of the Internet but use multiple sources for confirmation.

Lastly, they created the tumour in Libya. Go and check the economic, financial and health status of Libya before the money and power hungry West went there to destroy it via lies.

3 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by WATCHOVER(m): 7:59am On Mar 27, 2022
obedience4:



Lol, Russia economy to be three times bigger than the USA.. You are high..
No body will pay in ruble
How do you rate the Russian economy.
America economy is strong because of the way they made their currency to be the most used in the world, do you think the Russians are suffering?

1 Like

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by somehow: 7:59am On Mar 27, 2022
Hotice085:
.

Gaddafi was killed with great help of the tribe he so persecuted, when you are a leader be fair to all

Hope you know the history of the rebel leader used by the west to carry out their plans in Libya?

Tell us what you know about him, let's see if you're informed.

For your education :

https://en.m.wikipedia.org/wiki/Khalifa_Haftar
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Harrisonwo(m): 8:00am 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.

That was why ghaddafi was killed. He was rallying for Africa to have a common currency back by a gold standard. That would have weaken the dollar and Euro and strengthen the Africa currency value

4 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by babyboy4every1: 8:00am 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.
That's Gaddafi intention the west knew about that made them kill him. What a waste of a great leader

4 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Nobody: 8:01am 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
Israel are not even Christians. They don't even like black people. Dey there dey form the weeping prophet
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by almarthins(m): 8:03am 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

Gog and Magog war is post millennial reign of Christ. It won't happen in this generation. Though we may see what I call the "mirror effect of events"
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Gertyman: 8:05am On Mar 27, 2022
manontree:
The mechanism is practically impossible. There is no swift system that supports transfer of the currency just like you cannot wire naira overseas

This same issue is why RMB is not commercially viable and china has scratched its head for years on how to make importers pay in Yuan. In the end they had to continue using dollar or euro

This talk is all Nationalistic and No action

Guy, I dey tell you o, our NL folks not just getting this analysis jare. They thought its all about the News from media hyping Russia and China up and down. I just want to ask then if China or Russia holds the largest gold reserve.

They don't even know that what makes a currency stands out and get accepted as reserve currency is due to, Govt transparency, political stability and Productivity. Russia lacks the 3. China lacks transparency, China can devalue the RMB just to suite their national interest, even if those countries holding the RMB will loose the value of what they hold, which things the West will not do.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by dappydozzy(m): 8:06am On Mar 27, 2022
Dreamhighnow:


In your dream. Let him crumble Ukraine first


Ukraine is already crumbled, when there is no peace you can't guarantee economic development, I don't know what you mean by crumble here but here we are talking about economy. The western nations will just create an energy crisis for themselves, I keep saying the sanctions against Russia is a double edged sword. President Biden keep promising heaven and Earth to supply to EU, that energy deal is not sustainable. The US and the EU are too large economies, it will create an energy crisis. All these sanctions will boomerang sooner, than later. The United States that never show commitment in the reduction or possible elimination of the use of fossil fuels is now changing policy direction on energy because of Russian- Ukraine war in order to spite Russia.

3 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by InoGetJoy: 8:08am On Mar 27, 2022
Hotice085:
.

Gaddafi was killed with great help of the tribe he so persecuted, when you are a leader be fair to all
Gaddafi was killed by the US. The US claimed he was committing genocide and using chemical weapons against his own people but nothing of that nature was discovered after he was murdered.
In case you've forgotten, the US has an entire agency called the CIA whose function includes destabilization of other countries to serve US' purposes and one of their key modus operandi is using the people of that country to achieve their aims. You might have even witnessed it recently in Syria when they tried to murder the Syrian President. Syria would've gone the way of Libya if not that the president asked Putin for help

8 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Hotice085: 8:11am On Mar 27, 2022
somehow:


Says who?

This is another lie they told you. Go and read the history of the Internet but use multiple sources for confirmation.

Lastly, they created the tumour in Libya. Go and check the economic, financial and health status of Libya before the money and power hungry West went there to destroy it via lies.
.

You are too sentimental and emotional, listen Aljazeral and come back and tell us what is happening in Libya and Iraq?

Use the present happening to judge the past, do your know how many of his female bodyguards were is lovers?
Saddam deputy Vice President was a Christian just to spite the Shia majority

Forget all this who told you this, who told you that.
Is it Russia and China that will allow you access to information
Do you know anything about Lenin and Stalin, even the owner of Telegram app had to run away from Russia for inventing a device the Government can't control
Thank God for the West if not you will be in a Zombie World controlled by cowards like Russia and China who don't you to know your left from right

Gaddafi was killed by his people because of his stupidity and the Americans knew this, just like if Buhari starts misbehaving the West will just use Biafra against Nigeria
Don't blame the West blame our dumb leaders except for Mandela
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Nobody: 8:13am On Mar 27, 2022
Nigeria should follow suit to strengthen the Naira
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Bigfish121(m): 8:14am On Mar 27, 2022
We have always told them that sanctions are not the solutions to war.Expect uprising I europe soon.i just pity that clown in UK (Boris Johnson).

2 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by mrvitalis(m): 8:18am 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.
Find out why they killed gadafy
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by splashbaby(m): 8:21am 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
Oga, you don't even know the Bible self...You are deluded with fringe knowledge of both the bible and socio political happenings around the world. We are talking of Ukraine, you are talking of Israel, how they take connect mofo.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Hotice085: 8:23am On Mar 27, 2022
InoGetJoy:

Gaddafi was killed by the US. The US claimed he was committing genocide and using chemical weapons against his own people but nothing of that nature was discovered after he was murdered.
In case you've forgotten, the US has an entire agency called the CIA whose function includes destabilization of other countries to serve US' purposes and one of their key modus operandi is using the people of that country to achieve their aims. You might have even witnessed it recently in Syria when they tried to murder the Syrian President. Syria would've gone the way of Libya if not that the president asked Putin for help
.

And who are those fighting the Assad family till tomorrow, is it not the Sunni Moslem population that his father and his uncle decimated?
Do you see America going into any strongly united country?
The West can never go into a country that is well united behind any leader, Russia went into Syria so as to stop any Sunni controlled government being supported by the Turkish.
The Russians are more friendly to any Shia backed government globally
As for Gaddafi the Americans only invaded the country knowing that the Eastern part tribal warlords will finish off the rest of the war which they did.
They didn't kill Gaddafi or Saddam, the citizens did but they killed Osama themselves
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by BuddhaPalm(m): 8:25am On Mar 27, 2022
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

Not a new thing.

Tens of thousands of people in the US and across the worlds also protested both the Vietnam and Iraqi wars.

Muhammed Ali was sentenced to 3 years imprisonment because he refused to be drafted.

A sizable portion of Americans even opposed their involvement in WWII.

2 Likes

Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Proudlyngwa(m): 8:26am 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.

In the next 50 yes, the world will still need fossil fuel.
Creating energy is not the problem, storage is.
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by Hotice085: 8:28am On Mar 27, 2022
somehow:


Hope you know the history of the rebel leader used by the west to carry out their plans in Libya?

Tell us what you know about him, let's see if you're informed.

For your education :

https://en.m.wikipedia.org/wiki/Khalifa_Haftar
.

So you use Wikipedia, don't quote Wikipedia for me
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by lomprico(m): 8:29am 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.

That's what killed gaddafi
Re: Gas Payments In Rubles Would Backfire On EU Sanctions by bigpicture001: 8:29am 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

Stop saying rubbish... Canada has more. Thank enough gas reserve... But may struggle to deliver. It now.. but wont again in 4months time

TlRussia will lose in the. Long run.. cuz the type of. Currency for payment for their oil is. Not the problem, the. Problem is. That 55% of their gas demand is about to be wiped out permanently....

China may step up to buy Russia has. Gas.. but it's better. Depending on EU Than depending on China.. China. Is a wicked self cente4ed country

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