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EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions - Foreign Affairs (11) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions (34037 Views)

Slovakia Agrees To Pay For Russian Gas In Rubles / Poland Refuses To Pay For Russian Gas In Rubles / Putin Wants Rubles For Russian Gas (2) (3) (4)

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Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by loswhite(m): 8:25am On Apr 23, 2022
JoeEeL:
I can recall how some mumus were rejoicing when it was the sanction season then against Russia.

The fools were capping crap. "Europe will boycott Russia", "Russia will only be able to sell to poor India and China"... grin

I was just looking at the muntulas. Even at the heat of the sanction, some EU countries were still doing backdoor deals on Russian oil.

Some nairalanders ehn, I dont know whether to say that sometimes una shame dey shame me, or that una go just deliberately let sentiment cancel una common sense.


Is it not sentiments that has canceled your senses? How can a normal person celebrate the invasion of another country? Is it because your country has not been invaded by a super power?
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 8:27am On Apr 23, 2022
Jeromejnr:


Lol..you no even get talk.

Stop disgracing yourself up and down.


This comedian in his village is an LNG engineer with LNG experience, he knows all about LNG construction he has accurate manpower and cost figures, and he knows all about the tools and types of equipment and even technology needed to build LNG.

He has more knowledge and expertise than Gernamnay, an advanced Nation with the best engineering skills in the world, the richest and the most productive country in the whole of Europe.

How you take acquire this knowledge and your poor village is not better than Germany? grin


Silly comedians full NL I swear,, grin grin
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Agbegbaorogboye: 8:27am On Apr 23, 2022
plaindealer:



Of what relevance is the rubble account and the owner?

The EU make payments in Euros and Dollars, end of the story, what Russia or their back do with the money after that is their business.

Instead of asking that question, Why not just come out and say EU is paying in Euros?

You people can not do anything like that, you just keep perambulating left and right with innuendoes, side talk, hyperboles and all manner of deceptions, all because you know the truth, but you are all dubious to say it.
It's a simple question you're having problems answering because it exposes how flawed your argument is.
Why are the Western gas buyers opening accounts in gazprombank? Same bank they sanctioned?
A corollary to that question is if you have a dollar account that is naira funded, and you make a purchase on Amazon using that dollar account, is your purchase in naira or dollar?

1 Like

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 8:29am On Apr 23, 2022
Agbegbaorogboye:

It's a simple question you're having problems answering because it exposes how flawed your argument is.
Why are the Western gas buyers opening accounts in gazprombank? Same bank they sanctioned?
A corollary to that question is if you have a dollar account that is naira funded, and you make a purchase on Amazon using that dollar account, is your purchase in naira or dollar?


No, is the EU paying in Rubbles? Start by answering this basic question and see how ignorant you sound.
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 8:31am On Apr 23, 2022
I've asked this question a million times in this thread, but no answer simply because they are too afraid to sound ignorant and unintelligent.

I'm paying you in Euros and Dollars, but you keep saying it's in rubbles because it's a Russian bank and the bank converts it to rubbles? What kind of retterded argument and thinking is this? Do I really care what you do with the money after paying you?
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by olas24u(f): 8:34am On Apr 23, 2022
loswhite:
Go build stable power and Refinery before you start talking about Dollars. Ppl like you are worst than Buhari.
What dobyou mean by this statements,we have been in trouble ever since they implemented SAP programme since 1986.You need a stable currency to complete projects .
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Agbegbaorogboye: 8:38am On Apr 23, 2022
plaindealer:



No, is the EU paying in Rubbles? Start by answering this basic question and see how ignorant you sound.
Of course the EU is paying in rubles. They own and operate the ruble accounts that will be debited in gazprombank for their purchases. So both legally and real terms, they pay in rubles once the deductions for their transactions is made from that account.
Don't forget they're opening the accounts solely for the purchase of Russian gas

3 Likes

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 8:41am On Apr 23, 2022
Agbegbaorogboye:

Of course the EU is paying in rubles. They own and operate the ruble accounts that will be debited in gazprombank for their purchases. So both legally and real terms, they pay in rubles once the deductions for their transactions is made from that account.
Don't forget they're opening the accounts solely for the purchase of Russian gas


The article said the EU is not violating their own sanctions because they are paying in Dollars and Euros, so, do you mean EU is lying and they are violating their own sanctions by paying in Rubbles? ;


Do you not see how ridiculous and off-topic you sound?
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Agbegbaorogboye: 8:41am On Apr 23, 2022
plaindealer:
I've asked this question a million times in this thread, but no answer simply because they are too afraid to sound ignorant and unintelligent.

I'm paying you in Euros and Dollars, but you keep saying it's in rubbles because it's a Russian bank and the bank converts it to rubbles? What kind of retterded argument and thinking is this? Do I really care what you do with the money after paying you?





You're the one who is ignorant and unintelligent. If you buy on Amazon with a naira funded dollar account. Is your purchase in naira or dollars?
Your confusion is yes, you did not have to go through the hassle of sourcing for the dollar yourself. But to all intent and purpose, your transaction was made in dollar. The bank helped you to purchase the dollar with your naira.
That's same role gazprombank is playing here.
The question is why open an account in a bank you sanctioned in the first place. And the account is a ruble account moreso

2 Likes

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Jeromejnr(m): 8:43am On Apr 23, 2022
plaindealer:



This comedian in his village is an LNG engineer with LNG experience, he knows all about LNG construction he has accurate manpower and cost figures, and he knows all about the tools and types of equipment and even technology needed to build LNG.

He has more knowledge and expertise than Gernamnay, an advanced Nation with the best engineering skills in the world, the richest and the most productive country in the whole of Europe.

How you take acquire this knowledge and your poor village is not better than Germany? grin


Silly comedians full NL I swear,, grin grin

Chai chai chai....I understand the thing pain you that someone could successfully call you put on your ignorance and all you wrote is a mind of coping mechanism to make you feel better.

It's good to be educated sha...see as you just dey spew ignorance everywhere grin

Lemme not talk too much..

I would have ignored you but I don't want you to feel blissful in your ignorance. You need someone to wake you up to reality.

Make I give you some article excerpts concerning your German LNG terminals....

Don't be lazy like an average Nigerian...Read.. learn to read..

First article speaks of just 1 terminal being built..just 1...and they need more than that to power Germany.

Just 1. And they are complaining how it will be helpful.... shocked

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Agbegbaorogboye: 8:45am On Apr 23, 2022
plaindealer:



The article said the EU is not violating their own sanctions because they are paying in Dollars and Euros, so, do you mean EU is lying and they are violating their own sanctions by paying in Rubbles? ;


Do you not see how ridiculous and off-topic you sound?

I guess EU are angels that can't lie. It's funny you swallow every opinion of a Western news outlet as if it's gospel. The fact remains, the EU is opening accounts with gazprombank it sanctioned. Is that not a violation of its sanction already?

2 Likes

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 9:02am On Apr 23, 2022
Agbegbaorogboye:

You're the one who is ignorant and unintelligent. If you buy on Amazon with a naira funded dollar account. Is your purchase in naira or dollars?
Your confusion is yes, you did not have to go through the hassle of sourcing for the dollar yourself. But to all intent and purpose, your transaction was made in dollar. The bank helped you to purchase the dollar with your naira.
That's same role gazprombank is playing here.
The question is why open an account in a bank you sanctioned in the first place. And the account is a ruble account moreso



This needless and meaningless essay is pretty much useless and redundant.

Is the EU paying in Euros/Dollars or in Rubbles?
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 9:03am On Apr 23, 2022
Agbegbaorogboye:


I guess EU are angels that can't lie. It's funny you swallow every opinion of a Western news outlet as if it's gospel. The fact remains, the EU is opening accounts with gazprombank it sanctioned. Is that not a violation of its sanction already?


Is the EU paying in Euros/Dollars or Rubbles.?


Just answer the simple question.
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 9:12am On Apr 23, 2022
Jeromejnr:


Chai chai chai....I understand the thing pain you that someone could successfully call you put on your ignorance and all you wrote is a mind of coping mechanism to make you feel better.

It's good to be educated sha...see as you just dey spew ignorance everywhere grin

Lemme not talk too much..

I would have ignored you but I don't want you to feel blissful in your ignorance. You need someone to wake you up to reality.

Make I give you some article excerpts concerning your German LNG terminals....

Don't be lazy like an average Nigerian...Read.. learn to read..

First article speaks of just 1 terminal being built..just 1...and they need more than that to power Germany.

Just 1. And they are complaining how it will be helpful.... shocked


1. I posted the article start says Germany will wean itself off Russian gas within 2 years, you said not that it will take 4 years.

2. Now, you posted your own article that says 2024.

Is 2024, 2 years from now or 4 years from now?

Are you not agreeing with me since 2022 - 2024 = 2 years.

4 years from now is 2026

Do you not have to agree with me that you lack basic arithmetic skills?

How old are you gan sef? Are you still in elementary school or you need to go back to elementary school to learn your 1, 2, 3 ..

You are just too embarrassing, even going back and forth with you is disheartening..

Sad..

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 9:14am On Apr 23, 2022
So, I can not get any of you loudmouths to just answer this simple question?

Is the EU paying in Euros/Dollars or Rubbles.?

See, cowards.. grin
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Agbegbaorogboye: 9:47am On Apr 23, 2022
plaindealer:



Is the EU paying in Euros/Dollars or Rubbles.?


Just answer the simple question.

EU is paying in rubles

2 Likes

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by loswhite(m): 9:50am On Apr 23, 2022
olas24u:

What dobyou mean by this statements,we have been in trouble ever since they implemented SAP programme since 1986.You need a stable currency to complete projects .
They are the ones that destroyed the refinery and also they are ones that are corrupt politicians stealing every penny...lol. The problem is not the west. We are wicked ppl. Imagine a governor immediately after handover was already on his way to US...
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by VladimirPutiin(m): 9:52am On Apr 23, 2022
Jeromejnr:


Lol..so you actually believe that guy believes he quoted the real Putin? grin grin

What if I’m the real Putin he quoted �
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by olas24u(f): 9:56am On Apr 23, 2022
loswhite:
They are the ones that destroyed the refinery and also they are ones that are corrupt politicians stealing every penny...lol. The problem is not the west. We are wicked ppl. Imagine a governor immediately after handover was already on his way to US...
Libralization, privatisation and neo Liberal policies are responsible, humans react to the environment, we are products of the environment in which we grew up. Economic situations affects social and political outcomes.
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 10:03am On Apr 23, 2022
Agbegbaorogboye:


EU is paying in rubles


You forgot to show us proof..

Stop spewing rubbish that you can not back up with facts.
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Wuppdex: 10:03am On Apr 23, 2022
And God1000 will supply Europe with gas afterwards i guess, reality is different from political propaganda ok
God1000:
Putin is a drowning man.


Germany has announced that it will stop buying Russia's gas by the end of this year, other European countries will follow suit and that despot in Moscow will have no leverage left
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by JoeEeL(m): 10:05am On Apr 23, 2022
loswhite:
Is it not sentiments that has canceled your senses? How can a normal person celebrate the invasion of another country? Is it because your country has not been invaded by a super power?

Mr. man, NATO has already "invaded" the threshold of Russia's military belt.
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Wuppdex: 10:05am On Apr 23, 2022
Common sense, it's not common in Nigeria anymore, it's classified now as rarity grin
JoeEeL:
I can recall how some mumus were rejoicing when it was the sanction season then against Russia.

The fools were capping crap. "Europe will boycott Russia", "Russia will only be able to sell to poor India and China"... grin

I was just looking at the muntulas. Even at the heat of the sanction, some EU countries were still doing backdoor deals on Russian oil.

Some nairalanders ehn, I dont know whether to say that sometimes una shame dey shame me, or that una go just deliberately let sentiment cancel una common sense.


1 Like

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by olas24u(f): 10:06am On Apr 23, 2022
loswhite:
They are the ones that destroyed the refinery and also they are ones that are corrupt politicians stealing every penny...lol. The problem is not the west. We are wicked ppl. Imagine a governor immediately after handover was already on his way to US...
Refined oil for crude oil is that a good deal? Will your refineries work with such deals?
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by specimen23(m): 10:23am On Apr 23, 2022
plaindealer:
So, I can not get any of you loudmouths to just answer this simple question?

Is the EU paying in Euros/Dollars or Rubbles.?

See, cowards.. grin


I have read all your responses on this topic..and my conclusion is that, you need to learn how to read to understand.
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Owopariola01: 10:38am On Apr 23, 2022
plaindealer:



You forgot to show us proof.

Stop spewing rubbish that you can not back up with facts.

Perhaps you're having difficulty understanding it. This is how it works "European gas buyers open two accounts, one in a foreign currency and one in rubles, with Gazprombank responsible for converting the foreign currency into rubles and transferring the ruble payment to Gazprom."

The above situation means that Gazprom bank will determine the value of dollars used in paying for gas.


For example, if a 5m³ of gas is sold at 80 rubles, instead of the EU paying the equivalent in dollars straight, they will have to buy rubles first from Gazprom bank with their dollars; this will make demands for rubles increase against the dollars, thereby strengthening the rubles (Gazprom may just decide 1 dollar equals 70 rubles instead of 77).

Consequently, Russia can easily make purchases directly outside using their accumulated dollars without converting their rubles back to dollars.
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Nobody: 10:57am On Apr 23, 2022
the Z invasion has brought the real strength of the NATO alliance and EU resilience to bare, what we now know is that NATO is now divided more than ever, the EU are divided, India,China, Pakistan, North Korea, Saudi Arabia has changed the geopolitical balance in world trade powers and US has lost more allies in less than 2months since this war started,Russia has achieved their main objectives amid backdrops of dead bodies of Russian soldiers, Russia has failed but they have made some wins,very important is the demilitiarization of Ukraine, liberation of donbass, Luhansk and Crimea annex, Russia has made it clear to non NATO countries what they would face if they join NATO, but I think US has also demonstrated a strong resolve to protect its interests,

Both Russia and US has won in this game of thrones but the sole loser remains Ukraine
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Obainomilano: 11:29am On Apr 23, 2022
God1000:
Putin is a drowning man.


Germany has announced that it will stop buying Russia's gas by the end of this year, other European countries will follow suit and that despot in Moscow will have no leverage left
..and yet if you have some little brain remaining you should have read from the article that the EU are willing to pay in roubles because they have no other choice ..so I think the EU and your slave masters America are the ones in trouble here
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Agbegbaorogboye: 11:38am On Apr 23, 2022
plaindealer:



You forgot to show us proof..

Stop spewing rubbish that you can not back up with facts.
The proof is that EU has rubles accounts with gazprombank
Where's your proof that EU pays with dollars/E
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Agbegbaorogboye: 11:42am On Apr 23, 2022
Heathrow44:
the Z invasion has brought the real strength of the NATO alliance and EU resilience to bare, what we now know is that NATO is now divided more than ever, the EU are divided, India,China, Pakistan, North Korea, Saudi Arabia has changed the geopolitical balance in world trade powers and US has lost more allies in less than 2months since this war started,Russia has achieved their main objectives amid backdrops of dead bodies of Russian soldiers, Russia has failed but they have made some wins,very important is the demilitiarization of Ukraine, liberation of donbass, Luhansk and Crimea annex, Russia has made it clear to non NATO countries what they would face if they join NATO, but I think US has also demonstrated a strong resolve to protect its interests,

Both Russia and US has won in this game of thrones but the sole loser remains Ukraine

How did US win?
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Agbegbaorogboye: 11:43am On Apr 23, 2022
Owopariola01:


Perhaps you're having difficulty understanding it. This is how it works "European gas buyers open two accounts, one in a foreign currency and one in rubles, with Gazprombank responsible for converting the foreign currency into rubles and transferring the ruble payment to Gazprom."

The above situation means that Gazprom bank will determine the value of dollars used in paying for gas.


For example, if a 5m³ of gas is sold at 80 rubles, instead of the EU paying the equivalent in dollars straight, they will have to buy rubles first from Gazprom bank with their dollars; this will make demands for rubles increase against the dollars, thereby strengthening the rubles (Gazprom may just decide 1 dollar equals 70 rubles instead of 77).

Consequently, Russia can easily make purchases directly outside using their accumulated dollars without converting their rubles back to dollars.

Dude please. This will be too much for him to understand.
You're complicating things

1 Like

Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Treadway: 11:47am On Apr 23, 2022
Agbegbaorogboye:


Dude please. This will be too much for him to understand.
You're complicating things
lol. Cosign! That guy is in a closed loop. No point engaging dudes like him.

1 Like

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