Svlla:
True

Latvia had just agreed to pay for gas with Ruoble, same with Hungary, Serbia, Turkey and Belarus if this continue and more EU joins to pay for gas in Rouble I believe it will strengthen the Rouble more

As for Rouble being the Potemkin currency, it depends on the Russian central bank and thier abilities also the Putin gamble of paying for gas with Rouble. If it works out then the Ruoble backed by gas and crude will definitely be a hard currency and several central bank in Europe, Japan, China and others will start stocking up a Rouble Reserve.

As for Russia gas supply in Europe, there's no immediate replacement of over 150BCM yearly of gas to Europe anywhere in the world.

To replace Russia gas with either the gas from US or building a pipeline from Qatar will mean these 3 things
1. There's someone somewhere not getting their gas and this may cause gas price to skyrocket.
2. Europe will have to pay more for American gas delivered to them in shipments from US, including logistics cost. Europe may have to pay up to 4times more for this gas. And still US won't be able to completely replace 150BCM of gas that EU gets from Russia
3. Gas infrastructure and pipeline from Qatar will take time to deliver and no matter the route, the nearly 7,000km gas pipeline will still encounter some encumbrances, and transit nations(Most likely Saudi Arabia, Iraq, Turkey, Central Europe nations) will be paid too.

GasRuoble may work, and it will for Russia and help their economy in the long run

modified
Current exchange
Dollar to Rouble 77
Euro to Rouble 83

grandstar:


What injustice? Russian invades a sovereign country qandfd you celebrate it?

Did you know that Russia could have stopped Ukraine from joining NATO without firing a single shot? The invasion was totally unnecessary. Putin wanted more than he could chew and now he's paying a bitter price.

Stop using the phrase "Western slaves". It is bewildering that you support state controlled Russian media, a country with limited freedom of expression and where journalists and critics are murdered- including those living overseas?

The religious "harmony" in Russia which you highlight isn't the issue here. Chechnya, a Russia province which Russia bombed willy nilly is Muslim. The focus here is the injustice of invading a neighboring country simply because you're far more powerful.

Another hole in the sanctions is worth mentioning here: the sovereign debt carve-out. One of the biggest and most impactful sanctions on Russia was the freezing of its foreign accounts. Russia holds about $640 billion worth of euros, dollars, yen and other foreign currencies in banks around the world. About half that amount is located in the U.S. and Europe. The sanctions blocked Russia's access to that money, except when it comes to making the interest payments on its sovereign debt. The U.S. Treasury left a window open to allow financial intermediaries to process payments for Russia. That window is scheduled to close this month, but it has been a big help to Russia. Without it, Russia might have needed to raise dollars by selling rubles, which would have put downward pressure on the currency. And had it not been able to raise those dollars, it would have defaulted.

Russian borrowers can't keep paying interest rates of more than 20% for long, if they can even conceive of borrowing at that rate. Growth will be stifled — the Russian economy is already expected to contract by more than 8% this year — and industry will slump.


Russia is the world's biggest producer of natural gas, as well as the biggest exporter, but it's not the only source out there, and buyers of Russian gas could pivot to new suppliers. The U.S. is already sending shipments to Europe. There's talk about supply coming from the U.K., Norway, Qatar and Azerbaijan. Israel is mulling the idea of a pipeline. The countries that buy large amounts of Russian gas probably couldn't all wean themselves off it overnight, but if Russia insists on making this move, it risks turning one of its biggest revenue streams into a trickle. In short, the problem with creating a facade, as Russia has done with its currency, is not just that it might collapse — it might also collapse on you.

blackboy:
Yes, rescued the Ruble but lets be sincere give me the choice of Ruble or USD or even GBP or Euro the Russian Ruble will be the least of my choice and many of us.

Putin is evil. His invasion of Ukraine is a failure and has cost massive loss of lives. All because of his ego and greed and lust for power. What he has destroyed lives and properties is priceless.

I pray Nigeria's neighbours do not behave like Putin. If countries have issues let them learn to talk.

One leasson learnt is Nigeria and every country needs to have a strong army . Would Russia have invaded USA if USA was their neighbour or would Putin have invaded Ukraine if Ukraine was militarily strong? But e shock them.

Children have died. Let him fight USA or BRitain or even China because they offended him or a threat to him. He wont. Putin is a cowa

Originality007:

Svlla:
True

Latvia had just agreed to pay for gas with Ruoble, same with Hungary, Serbia, Turkey and Belarus if this continue and more EU joins to pay for gas in Rouble I believe it will strengthen the Rouble more

As for Rouble being the Potemkin currency, it depends on the Russian central bank and thier abilities also the Putin gamble of paying for gas with Rouble. If it works out then the Ruoble backed by gas and crude will definitely be a hard currency and several central bank in Europe, Japan, China and others will start stocking up a Rouble Reserve.

As for Russia gas supply in Europe, there's no immediate replacement of over 150BCM yearly of gas to Europe anywhere in the world.

To replace Russia gas with either the gas from US or building a pipeline from Qatar will mean these 3 things
1. There's someone somewhere not getting their gas and this may cause gas price to skyrocket.
2. Europe will have to pay more for American gas delivered to them in shipments from US, including logistics cost. Europe may have to pay up to 4times more for this gas. And still US won't be able to completely replace 150BCM of gas that EU gets from Russia
3. Gas infrastructure and pipeline from Qatar will take time to deliver and no matter the route, the nearly 7,000km gas pipeline will still encounter some encumbrances, and transit nations(Most likely Saudi Arabia, Iraq, Turkey, Central Europe nations) will be paid too.

GasRuoble may work, and it will for Russia and help their economy in the long run

modified
Current exchange
Dollar to Rouble 77
Euro to Rouble 83

like1:


There is no way he planned well, for sure he miscalculated. He didn't see it coming, now he is pausing and halting operations, to save Russia's economy first, save his seat and his country. He didn't calculate well enough. This is actually the game plan of the west, as they wouldn't want any physical war with any one, as everyone looses, even if you win your opponent and he/she surrenders.

So now he will be very busy replanning and rescheduling to save his economy first, then the physical war will be pending.

The west is definitely smarter, they know no one gains in war, this is what Putin should have done, tactically cripple Ukraine and achieve his aim, that any physical war in this century will be frowned at by all, especially in Europe.

Europeans get sense die and they like themselves too. Not like us wey we no even like ourselves and want our own good.

omohayek:

The above is what I find most mystifying about those who applaud Putin's actions as a way of getting "revenge" against a supposedly anti-Muslim "West". It's either they are totally ignorant of just how brutal Putin's wars in Chechnya were, and how sweeping and harsh China's treatment of Xinjiang Muslims continues to be, or that what they object to isn't so much the systematic oppression and murder of Muslims per se, but that the oppressors happen to be "Western"; in other words, they think Russian and Chinese despotisms should be free to terrorize and kill as many Muslims as they like, as long as it makes Americans and other westerners upset.

blackboy:
Yes, rescued the Ruble but lets be sincere give me the choice of Ruble or USD or even GBP or Euro the Russian Ruble will be the least of my choice and many of us.

Putin is evil. His invasion of Ukraine is a failure and has cost massive loss of lives. All because of his ego and greed and lust for power. What he has destroyed lives and properties is priceless.

I pray Nigeria's neighbours do not behave like Putin. If countries have issues let them learn to talk.

One leasson learnt is Nigeria and every country needs to have a strong army . Would Russia have invaded USA if USA was their neighbour or would Putin have invaded Ukraine if Ukraine was militarily strong? But e shock them.

Children have died. Let him fight USA or BRitain or even China because they offended him or a threat to him. He wont. Putin is a cowa

UpLoyo:


Why bother helping their ignorance? These brain dead clowns were begging the US to help punish Nigeria during end sars. I wonder why they didn't call upon Russia. They have no concept of how sanctions works except their beer parlour analysis. A currency that's worth 10 cents

Benny6944:




OP USA gave till 22nd of this month. why can't they buy?? any reason?

bakar007:

Officially the US has been Russian oil import for few weeks now

God1000:
More sanctions are coming, the ruble isn't off the hook yet

andy82:



Forget that thing. Which kin yeye sanctions. America buy 100000 barrels everyday from Russia and resell to Europe. No be Europe be the mumu.

plaindealer:


If you mean BAN, you are wrong, not before April 22nd.

Funflipper:


Now for the lovers of everything western, I will ask you on simple question. Please tell me how exactly has the west made your life good? I want to know.

I can drive at any time of the night feeling 100% safe because i know there are no armed robbers on the highway. My fundamental rights are 100% protected and can never be jailed for even insulting the president. I have the right to defend myself and my family so if an intruder breaks into my house, I will shoot that person to pieces but in naija, you are at the mercy of the intruders because the police will only show up (that is if they even do) when they are done raping people's wives and daughters in their presence. We can go on and on but we have other things to do but in summary; If i didn't cross over, I would have been marooned in Hell (Nigeria) with all the restrictions coupled with insecurity. Life is good when you are in the right place.

bakar007:

Same US threatening to sanction India and others buying Russian crude is buying same and you re trying to defend what really?

andy82:



Forget that thing. Which kin yeye sanctions. America buy 100000 barrels everyday from Russia and resell to Europe. No be Europe be the mumu.

adamusuleiman1:

You are not current with the news.

Brendaniel:
Do not underestimate a man who doesn't talk much...

UpLoyo:
[s][/s]

Go and tell your father now. He can buy Rubles now with his pension and you can have some inheritance of $13 when the time comes.