Sirlancelort:


Oga sir, I never knew you were on NL incase you need volunteers to fight for you in Russia am available sir, am loyal sir, Lol.
No mind all those puppets, most of them don hide face.

He's NOT Putin. Read well. He is Putiin: VladimirPutiin

Rexymania:
Wow... Putin has exposed this people. Seriously if you work on yourself, people will respect you. Work on yourself.

Strong words.

Bigchristo:
Why are you so stupid? You think the gas is like when you go to the filling station to buy fuel inside a keg? It will take EU at least 6 more years to sight a gas pipeline projects linking them to wherever they will be getting supplies from, don’t be fooled with media propaganda they’re just feeding your guys with gabbrish news… who wan boycott something end of this year is bowing to Russia pressure nor be juju be that?

For the sake of your sanity don't educate these dimwits their sense of reasoning has been compromised they can't pause for a sec to analyze one or two things by themselves.

Layi4real:
Putin vs the Whole European country
Or should we put it this way
Putin vs almost the whole world and the man isn't shaken. The man really live up to his name. Na strong man
I doubt USA could survive all this pressure if the whole world turn against them with all this sanction here nd there.

and Russia's inflation rate is almost 18 percent.
Putin is not shaken but Russians are.

PoliteActivist:


Is it that you are being intentionally deceptive or that you don't understand what you read?
"Without breaching sanctions" those are the operative words. Go back and read again, bearing that in mind

I am being honest. Rather, you choose to deny reality because it hurts you. When Russia proposed this switch, he clearly told them that it doesn’t breach their sanctions technically. But in reality what it does is render the sanctions ineffective while at thesame time putting the ruble in demand and insuring the funds because the payment are now made at Russian banks instead of European banks. European bank would never have agreed to convert it to ruble, again European banks can at the behest of their government place a freeze on gazprom accounts in their bank. So it’s a mechanism that defeats all the web that the Europeans weaved without technically breaching sanctions. It’s called a master stroke.

anonymous1759:



For the sake of your sanity don't educate these dimwits their sense of reasoning has been compromised they can't pause for a sec to analyze one or two things by themselves.

I totally agree with you.

If they need him then they should beg him and stop the uneccessary war they are adding fuel to

PoliteActivist:


He's NOT Putin. Read well. He is Putiin: VladimirPutiin

Oga sir you no know the meaning of Lol?, Na joke I dey joke.

Wetin Putin wan find come NL?

Underrated comment .

Truly mugu must pay

NwaNimo1:
MUGU must pay.....

[img]https:///media/4-02-2022/WHvSd9.gif[/img]

God1000:
[s] 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 [/s]

Boring and stale. When they eventually stop buying it, we can discuss it

lol

skoskosko:

Go back and read again. [b]The EU was paying for gas before in their own banks where gazprom had bank accounts. Now they are not allowed to pay in their own banks. They are to open a ruble accounts on a Russian bank. I have already explained how it works. My question to you is this was the very mechanism they rejected, how come they now agreed? Because they could not find unity and consensus, and there were no immediate viable alternatives.[/b]

No, they pay in Euros and Dollars and whatever the Russian bank does after that is their business, if they sleep better at night converting EU's Euros and Dollars payment into Rubbles, that's their problem.

It doesn't even matter where they open accounts, they are still paying in Euros and Dollars. PERIOD.

LONDON, April 22 (Reuters) - Britain will allow payments to Gazprombank and its subsidiaries for gas going to European Union countries until the end of May Treasury document showed on Friday.

Britain imposed sanctions on Gazprombank last month, giving counterparts a deadline of April 23 to wind down their business with the lender, which is one of the main channels for payments for Russian oil and gas.

Under a new licence published late on Thursday, however, Britain's Treasury said payments to Gazprombank for gas being made available in the EU under contracts entered into before April 21 could now continue until May 31.

This is the Uk allowing payments till Next month when the ban kicks permanently.

These are temporary reprieves so I don't even see the big deal here, bottom line, UK and the EU are buying less Russian gas and crude, they are also aggressively developing other sources and suppliers, it's just a matter of tie before full energy embargo is slammed on Putin.

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

Lol...child Germany said thesame 8 years ago...in 8 years they bought more gas than when they made the threat. Do you know more Russian gas was bought in April 2022 than March 2022? Europe has no choice but to trade with Russia otherwise the people will rise against their leaders

It is finished

plaindealer:



Reading and comprehension na serious wahala for Nigerian youths..

The EU is not paying dumb asss pouTin in worthless rubbles, they are paying in Euros and Dollars while they are not Gazprombank, the Russian bank converts the payment into rubbles.

If Gazprombank sleeps better at night by converting EU's Euros and Dollars payment into Rubbles, that is their problem, but they are not getting any rubble payment from the EU.

In this new arrangement, the EU will open a rubble account in a Russian bank and pay Euro or dollar to buy rubble from a Russian bank an the appropriate exchange rate. Then pay into their Rubble account.
To make things faster, the bank will accept Euro and dollar from them and credit their Rubble account with the appropriate Rubble amount at the appropriate exchange rate. It is the same effect as is they bought rubble with Euro and dollar and paid into their Rubble account. This means the demand for rubble will rise sharply. It means the bank will work behind the seen to source for rubble for them. Rubble will rise sharply.

It is true they are still paying in euro and dollar, but the mechanism for the payment has changed. The new mechanism will increase demand for rubble thereby increasing t the value or rubble.

skoskosko:

I am being honest. Rather, you choose to deny reality because it hurts you. When Russia proposed this switch, he clearly told them that it doesn’t breach their sanctions technically. But in reality what it does is render the sanctions ineffective while at thesame time putting the ruble in demand and insuring the funds because the payment are now made at Russian banks instead of European banks. European bank would never have agreed to convert it to ruble, again European banks can at the behest of their government place a freeze on gazprom accounts in their bank. So it’s a mechanism that defeats all the web that the Europeans weaved without technically breaching sanctions. It’s called a master stroke.

please, don't bother explaining yourself anymore than you already have. The fellow who first came with the theory that the topic is misleading, has already highlighted by himself in his own post, how this was what Russia demanded, and how this is what the EU are now going to do. The fact is EU payments (if they like they should pay in Naira) will be converted to Rubles (which is now pegged to gold, not pounds, euro or dollar) going forward, a process that is different from the old way and that will strengthen the Ruble. Let anyone who wants to interpret this as a dismissal, and not an agreement which it is, do so however they wish.

texazzpete:
Nairaland putinists are dullards sha.

The EU is still paying in euros and dollars. They’ll pay to a Russian bank or subsidiary that will then do the conversion to Rubles.

Simple.




That’s not how it works na.
The Russian Banks can’t determine the exchange rate. They’ll convert it at the international value.

Lol.... ....they have to open a ruble account. They can fund it in any currency. If you open dollar account in Nigeria....you pay your naira and the bank converts it to dollars.....Europe is selling euro to the bank and buying Rubble.....if you understand forex you will not be talking nonsense....na Putin design the plan for them... give me free euro and I will give you my ruble that you want to devalue

2mNaira:


In this new arrangement, the EU will open a rubble account in a Russian bank and pay Euro or dollar to buy rubble from a Russian bank an the appropriate exchange rate. Then pay into their Rubble account.
To make things faster, the bank will accept Euro and dollar from them and credit their Rubble account with the appropriate Rubble amount at the appropriate exchange rate. It is the same effect as is they bought rubble with Euro and dollar and paid into their Rubble account. This means the demand for rubble will rise sharply. It means the bank will work behind the seen to source for rubble for them. Rubble will rise sharply.

It is true they are still paying in euro and dollar, but the mechanism for the payment has changed. The new mechanism will increase demand for rubble thereby increasing t the value or rubble.

the 'smart' geng on nland no go gree na. Dem sabi book sotey, book dey fear dey disguise sef

plaindealer:


No, they pay in Euros and Dollars and whatever the Russian bank does after that is their business, if they sleep better at night converting EU's Euros and Dollars payment into Rubbles, that's their problem.

It doesn't even matter where they open accounts, they are still paying in Euros and Dollars. PERIOD.

Just because you don’t like it, doesn’t change that the new mechanism has been implemented. I will not go back and fro explaining what this achieves. Below are screenshots of the European text on the mechanism. Why do you think the ruble is just running away with gains against the dollar and euro? There is now strong demands for it, the payments are now more secured in a Russian bank and the CBR which was sanctioned is now involved too.

plaindealer:



Reading and comprehension na serious wahala for Nigerian youths..

The EU is not paying dumb asss pouTin in worthless rubbles, they are paying in Euros and Dollars while the Gazprombank, the Russian bank converts the payment into rubbles.

If Gazprombank sleeps better at night by converting EU's Euros and Dollars payment into Rubbles, that is their problem, but they are not getting any rubble payment from the EU.

stop disgracing your self

They are following Putin order according

Opening account in Russia you take euro their and get rubbles seems like you don’t understand English

WriterNig:


Telegraph UK || Reuters || Seeking Alpha

I laugh in Russian

so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh
so RUSSIA wins. heheheheheheheheh

The carrot Putin is dangling is irresistible.

Russia'oil and gas are the cheapest in the world right now.

That's a big factor

It's every man for himself after all

Selfish set of people and countries.
You sanctioned them on everything but why not sanction their gas too?

pargelenis:
Meanwhile Putin could not even take over Kyiv … what a disgrace to Mother Russia’s “superior army”.

Kiev is not the target

Russia will annex southern Ukraine


You can go and cry


If Russia can’t take Kiev he will sink Kiev

PoliteActivist:


When Finland and Sweden and all non-aligned countries near Russia are now clamoring to be accepted into NATO - the exact opposite of what Putin intended to achieve.
This war - huge mistake by Putin

After Una go say Putin is evil.
If I were Putin, you must denounce nato other wise no gas for you.

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

no be the beginning of the year we dey so....where is the german oil boycott!

plaindealer:



Reading and comprehension na serious wahala for Nigerian youths..

The EU is not paying dumb asss pouTin in worthless rubbles, they are paying in Euros and Dollars while the Gazprombank, the Russian bank converts the payment into rubbles.

If Gazprombank sleeps better at night by converting EU's Euros and Dollars payment into Rubbles, that is their problem, but they are not getting

any rubble payment from the EU.

You are functionally an economic illiterate....please do not comment further on this topic!

2mNaira:


In this new arrangement, the EU will open a rubble account in a Russian bank and pay Euro or dollar to buy rubble from a Russian bank an the appropriate exchange rate. Then pay into their Rubble account.
To make things faster, the bank will accept Euro and dollar from them and credit their Rubble account with the appropriate Rubble amount at the appropriate exchange rate. It is the same effect as is they bought rubble with Euro and dollar and paid into their Rubble account. This means the demand for rubble will rise sharply. It means the bank will work behind the seen to source for rubble for them. Rubble will rise sharply.

It is true they are still paying in euro and dollar, but the mechanism for the payment has changed. The new mechanism will increase demand for rubble thereby increasing t the value or rubble.

No, you are actually confusing yourself, or just did not read and comprehend the article and its content to start with. There's a reason why they say they are not breaking UE's sanctions and the reason is the fact that they are not paying in Rubbles, but paying in Euros and Dollars.

It doesn't even matter what bank they send their payments to, it could even be Polaris in Nigeria, it doesn't matter as long as the payments remain in Euros and Dollars.

No need for a needless argument, you have any proof to show that they are paying in Rubbles, please let us see that proof.

ebufa:







You are functionally an economic illiterate....please do not comment further on this topic!

Obviously, with your meager, ignorant and unintelligent contribution, the highlighted is what you see in the mirror every morning.