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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira (667 Views)
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West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by Northernblood5(m): 8:25pm On Mar 06, 2022 |
What many Russian supporters does not understand is that even China can't save Russia but will rather exploit Russia . What do i Mean? Whether China and Russia likes it or not, The value of Russian Rouble is declining. That means that they will have to spend more to purchase same item today than last 2 months. They will have to pay more to import from China . On the other hand, China and the West including European countries will have to buy Oil and gas from China in Awoof as conversion won't be so friendly to them. It will be like going to Sierra Leone to purchase land using 1 million naira, You may end up buying the whole Country .
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Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by Mooh247: 8:27pm On Mar 06, 2022 |
Big gain for Russia as they are number one exporter of LNG, Ukraine and Russia supplies 1/3 of the world wheat used for pastry and bread, they have huge Crude Oil and petrol chemical supply deals outside OPEC Devaluation of currency is a big win for exporting countries Only a country like Nigeria that imports everything with dollars would cry over currency devaluation.. net export countries like China celebrate currency devaluation . 2 Likes |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by HitbackIIback: 8:29pm On Mar 06, 2022 |
Let's update ourselves on our own security issues, we have bigger issues than Ukraine or Russia 2 Likes 1 Share |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by Inteltower: 8:32pm On Mar 06, 2022 |
Buy the dip |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by Northernblood5(m): 8:55pm On Mar 06, 2022 |
HitbackIIback: This is their new anthem now. "Let's forget about Europe and focus on ourselves" hahaha. Africa, But what is happening in Oil and Gas sector in Europe has been affecting us since late last year. If Maniac Putin throws out nuclear weapons kicking off WW3 do u think that things will remain the same? Don't you know that their maybe break down of Law? where will Nigerians government purchase weapons to fight Terrorist and agitators? The earlier you wake up from sleep the better for u 2 Likes 1 Share |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by Northernblood5(m): 8:57pm On Mar 06, 2022 |
Mooh247: Lol, stop merging Ukraine's export with Russia. Man will always adapt and survive, very soon, alternative will come for Russias oil in Europe. In case you didn't grab what i said, i mean it is easier to access Russian product in Awoof but, it will be very costly for Russians to purchase external products. Leading to high cost of living. Nigeria tried it in Food production, Rice that was previously enjoyed with 8k went to 25 - 30k. Talk more of 90 percentage of the countries world wide standing against a country. |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by LordIsaac(m): 10:29pm On Mar 06, 2022 |
It's good sef. Russian universities will be much affordable for Nigerian students. |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by Northernblood5(m): 10:46pm On Mar 06, 2022 |
LordIsaac: Hahahahaha. Putin will tax the hell out of Foreigners. That is the surest way to get money . |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by Oxb90: 6:11am On Mar 07, 2022 |
Putin will use his hands to destroy Russia. |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by RiceProducers: 6:18am On Mar 07, 2022 |
Mooh247:MK9 There are sanctions on my friend. They can only trade with China. Venezuela will soon agree not to buy Russian. Maybe İran too |
Re: West Vs Russia; 1 Russian Ruble Is Now 3.6 Naira From 5 Naira by Nobody: 6:59am On Mar 07, 2022 |
Northernblood5: Please, a large part of Europe, the US, Canada, Japan, sk and Australia does not constitute 90% of the world. We have 5 continents. Why do you think the US quickly ran to thesame Venezuela and Iran they are against? Because prices are also going up in the US and European capitals. Gas is now above $3k per 1000cubic meter, up from $900. Who is bearing the cost? It’s a two way bomb. Lastly, there is no alternative to Russian oil or gas in the short term. Maybe in 10-20 years time, try it and see global economy crumble under hyper inflation. Incase you don’t know, the reason for turning to Venezuela and Iran is to get an over supply situation to force prices down, because crude has gone to an al time high in over 14 years, simply because of speculations surrounding a major exporter at war, despite Russia still pumping oil. Efforts to force prices down by US and allies in releasing reserves into the markets failed to force prices down, making end consumers in Europe and America pay more at the pump. Imagine what will happen should Russian quota truly leave the market.
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