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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Putin Wants Rubles For Russian Gas (37006 Views)
EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions / Poland Refuses To Pay For Russian Gas In Rubles / Macron: Putin Wants All Of Ukraine And Worse Is To Come (2) (3) (4)
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Re: Putin Wants Rubles For Russian Gas by Codeye(m): 5:18pm On Mar 23, 2022 |
RedEnergy:In the short run it will benefits Russia but look at the long run EU will definitely find alternative and Russia will suffer massively. Russia need dollar to trade thereby accepting Rubles will means countries trading with Russia will give out it dollar to get Rubles increase the availability of dollar and surge value for local currency |
Re: Putin Wants Rubles For Russian Gas by anyilalaz: 5:19pm On Mar 23, 2022 |
I have thought about this too. What will happen if FG sells oil in naira? All foreign currencies must convert their money to naira. by so doing naira will begin to get value. Economic expert please, is my line of thought possible if there is a political will..? |
Re: Putin Wants Rubles For Russian Gas by Saladdin: 5:21pm On Mar 23, 2022 |
gambojimeta: No sir. The fraudulent petrodollar will fall sooner than later, and there's nothing much anyone can do about that. 2 Likes |
Re: Putin Wants Rubles For Russian Gas by frankson1(m): 5:21pm On Mar 23, 2022 |
Wangzhang: Really, I can't explain why they reason they way the do here. Sometimes, I try to understand the brain behind some of the comments but they keep shocking. The most surprising thing is that they will quote back with insults. I don't need to study economics or one of the related courses to know that the value of the Ruble will increase greatly because it'd be needed in very large amount. |
Re: Putin Wants Rubles For Russian Gas by Oyinlomobambam(m): 5:22pm On Mar 23, 2022 |
Hezzyluv: Did you know the positivity of this news to Russians? |
Re: Putin Wants Rubles For Russian Gas by gambojimeta: 5:22pm On Mar 23, 2022 |
Saladdin:Tell that to Nigerian government and other African countries that still rely on aid in US dollars across Africa
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Re: Putin Wants Rubles For Russian Gas by NOETHNICITY(m): 5:23pm On Mar 23, 2022 |
SocialJustice:Problem with you is half knowledge. Half knowledge has the potential to destroy the world. Ok, if US shale could solve all problem why is the US trying to mend ties with iran, venezuela and Saudi? UK PM had to rush to Saudi and UAE. Germany had to rush to Qatar. US that had been stalling about the deployment of it's patriot defense system in saudi for years to protect Saudi skys from Yemeni messiles had to hurriedly get patriot system sent to Saudi to mend ties and get Saudi Arabia to shore up it's oil production. US oil going to europe can never ever make up for Russian oil. US is only trying alleviate the shock caused by the reduced availability of Russian oil 7 Likes |
Re: Putin Wants Rubles For Russian Gas by BloomingDale(f): 5:23pm On Mar 23, 2022 |
Gertyman: Crude oil is Russia’s biggest export, accounting for $123 billion of its export revenues, data for 2019 shows. Next on the list are refined petroleum – things like petrol and diesel – at $66.2 billion, gas at $26.3 billion and coal at $17.6 billion. But Russia is also the world’s largest exporter of wheat, bringing in $8.14 billion from sales in 2019. It is also a big exporter of semi-finished iron – this includes iron bars and other items used to make iron products – with sales worth just under $7 billion in 2019, and a large supplier of nickel ($4.03 billion) and nitrogen-based fertilizers ($3.05 billion). 1 Like |
Re: Putin Wants Rubles For Russian Gas by Gertyman: 5:24pm On Mar 23, 2022 |
History555: It matters to Putin to reduce the effect of all these economic sanctions on Russia. That's why he said the West hasve declared economic war against Russia. If Russia's economy continues to decline, there is a risk of mass protest in Russia to oust the current administration. That's the reason for placing sanctions on a country. It's like a tool for indirect regime change demand by the West, but they expect the citizen to fight back when this happens. Why is Iran negotiating a nuclear deal? Why can't they walk away? |
Re: Putin Wants Rubles For Russian Gas by tolue42(m): 5:24pm On Mar 23, 2022 |
WarriAproko: Of course , it won't be like business as usual, Germans will feel the impact, but Russia will feel it more. There's alternative to LPG from Russia. |
Re: Putin Wants Rubles For Russian Gas by ArewaTech1(m): 5:25pm On Mar 23, 2022 |
SocialJustice: Oga looks like you know not much about world trade. ***shrug |
Re: Putin Wants Rubles For Russian Gas by rajiedreez: 5:25pm On Mar 23, 2022 |
Hezzyluv:how's his country in retrogression, Russia has almost 20% of the worlds natural gas reserve and over 50% of European gas production. They have little or no option since Russian gas is the cheapest to transport to other EU nations |
Re: Putin Wants Rubles For Russian Gas by Truvelisback(m): 5:26pm On Mar 23, 2022 |
Hezzyluv:Are NATO not suffering the effect too? They want to use their money(Dollar) to intimidate people. Dollar has made Naira completely useless and hopeless. I want Dollar to fall and Putin will achieve that. 1 Like |
Re: Putin Wants Rubles For Russian Gas by Saladdin: 5:26pm On Mar 23, 2022 |
gambojimeta: Many of our leaders are still dimwitted and slaves to the west to function like normal human beings, else we'd have rallied around Ghadaffi and killed the fraudulent petrodollar. Russia, China and the East will largely champion the fall of the petrodollar and there's nothing Uncle Sam will do about that. As usual African countries will be spectators in the whole scenario. 2 Likes |
Re: Putin Wants Rubles For Russian Gas by rajiedreez: 5:27pm On Mar 23, 2022 |
tolue42:Where's the alternative pls |
Re: Putin Wants Rubles For Russian Gas by frowland(m): 5:27pm On Mar 23, 2022 |
gambojimeta: Electric heaters are for those homes who can afford it and places around Scotland and remote areas. Affordable heating system in Europe is gas and it’s preinstalled in all homes. Same gas also contributes in electricity. So why pay for higher electric bill when gas can do the same? 3 Likes |
Re: Putin Wants Rubles For Russian Gas by gambojimeta: 5:28pm On Mar 23, 2022 |
frowland:Which Europe are you talking about sef. I give up |
Re: Putin Wants Rubles For Russian Gas by Gertyman: 5:29pm On Mar 23, 2022 |
BloomingDale: Being the largest exporter of anything does not matter. As long it does not sound as a sole exporter. What Russia does exports is also produced by other countries. That's why every country does business with each other. No Country is an Island of itself or self-sufficient. You need others to survive. Do you mention several other things Russia does not produce and they depend on others for? How will they buy medical equipments, Drugs, Technology Equipment, Heavy machines, Airplane etc.? Will they pay me in Rubble? And If I want to buy raw materials for production from Japan, Will I pay Japan Rubble? 1 Like |
Re: Putin Wants Rubles For Russian Gas by MT: 5:30pm On Mar 23, 2022 |
1x2x3: Both the west and Russia will suffer. West needs energy, Russia needs money. There is no way the west will get the roubles to pay for Russia oil. It means the west will walk away from Russia oil and oil price in the west will soar. Russia too will be broke, with the likelihood of Russia imploding. Read this to gain more insight, on it: https://www.google.com/amp/s/www.wsj.com/amp/articles/vladimir-putin-wants-europe-to-pay-for-gas-in-rubles-11648047487 |
Re: Putin Wants Rubles For Russian Gas by SocialJustice: 5:31pm On Mar 23, 2022 |
ArewaTech1:Make your point or keep quiet abeg, I done tire for stupid mentions. 20 people will mention you, 15 are disguised fools, 4 are open fools, only 1 will make a valid point. Sifting through garbage is tiring. You people make using this place a chore. |
Re: Putin Wants Rubles For Russian Gas by Kingsnairaland(m): 5:31pm On Mar 23, 2022 |
GardenOfGod: Russia oil is the cheapest and safest try to understand before you talk. 2 Likes |
Re: Putin Wants Rubles For Russian Gas by tolue42(m): 5:32pm On Mar 23, 2022 |
Walkee: So you know more than the Germany government with this quote "Germany hopes to lock down a long-term LNG import deal with LNG powerhouse Qatar as Berlin looks to eliminate the need for Russian gas." How does this picture below translate to 3%?
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Re: Putin Wants Rubles For Russian Gas by frowland(m): 5:32pm On Mar 23, 2022 |
gambojimeta: I am referring to the same UK you stayed for 8 years! Who cares if you give up?? |
Re: Putin Wants Rubles For Russian Gas by gambojimeta: 5:32pm On Mar 23, 2022 |
Saladdin:I will start taking dropping dollars seriouy when African, Asian l, Carribean and South american leaders stop begging for aid from The US, UK and other rich Western countries. He who pays the piper dictates the tune.
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Re: Putin Wants Rubles For Russian Gas by gambojimeta: 5:33pm On Mar 23, 2022 |
frowland:I don't care. You live in Belarus while claiming UK. If you hate the West so much, yet you claim to live there, why don't you move to Russia or better still China ? Hypocrisy much? Good riddance 3 Likes 2 Shares
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Re: Putin Wants Rubles For Russian Gas by SocialJustice: 5:33pm On Mar 23, 2022 |
NOETHNICITY:No one has complete knowledge, ever, definitely not me. Let us see what happens next. |
Re: Putin Wants Rubles For Russian Gas by BloomingDale(f): 5:34pm On Mar 23, 2022 |
Gertyman: They can use the their rubles to buy from the west and EU, that is assuming they are not buying from China. In return those countries can use the rubles to buy gas, oil, coal etc from Russia. Just no more dollars and Euros. |
Re: Putin Wants Rubles For Russian Gas by tolue42(m): 5:37pm On Mar 23, 2022 |
rajiedreez: QATARRRRRRRRRRRRRRRRRRRRRR! |
Re: Putin Wants Rubles For Russian Gas by Gertyman: 5:39pm On Mar 23, 2022 |
BloomingDale: Awesome, but let's do positive and negative mathematics here. I believe West will buy a certain percentage of Gas from Russia, and also pay Russia that same percentage of Rubble they hold in reserve. But what if Russia wants to buy a certain percentage of other items, which we definitely expect to be more than the total amount of Rubble the West pays them. then it will take years to accumulate the Rubbles required to pay the West to buy Planes, Pharmaceutical Products, software, Agricultural products, machine equipment, etc. That's why it won't work. Once a country's economy depends on one or two exported items, for example, Nigeria, it's a failure already. Countries with lots of innovations and varieties of items to export to the world markets are the ones balling. |
Re: Putin Wants Rubles For Russian Gas by Elsueno: 5:39pm On Mar 23, 2022 |
MT: But what products of the West are u talking about? .....what exactly those the U.S produce that Russia can't survive without...The main reason d dollar stands as currency is because everybody uses it for trade....Now if a few countries use d rubbles & Yaun doesn't & others accept it for trade( not talking about US & it's vassals)..That would obviously diminish d value of $, Again, d main reason why everybody uses $$ is due to trust, How many countries have the US & vassals have frozen thier money due to their so called "sanctions"....The thing is, US should have never tampered with d SWIFT thing..it sends d wrong message...Let d dollar have competition whether Rubble/Yaun & our own African currency( I know dis one is impossible, but u I can dream right ) 4 Likes 1 Share |
Re: Putin Wants Rubles For Russian Gas by ArewaTech1(m): 5:39pm On Mar 23, 2022 |
Kingspin: Wetin Libya do USA to be invaded? Do you see the double standards in your comment? Wetin Iraq do? 5 Likes |
Re: Putin Wants Rubles For Russian Gas by wiloy2k8(m): 5:39pm On Mar 23, 2022 |
Hezzyluv: You are not a smart man. .. you wouldn’t understand 1 Like |
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