AroleOduduwa2:


Let them declare a no fly zone in Ukraine if they are brave enough, this cheap attempt to make people think they are powerful won't work

Putin said countries that interfere will be punished.

Yet US, Canada, Poland, UK, Germany e.t.c have all sent ammunitions to Ukraine. What has the coward done? All he does is threaten others with nuclear weapons, yet that does stop Finland and Sweden from considering joining NATO.

Hezzyluv:
Walaii.... This man no just get sence. Prior to his invasion on Ukraine, a lot of people don't even know the unit of Russian currency.

Swallow your pride and allow peaceful negotiable approach to this your madness Because, as it stands you have put your country into retrogression economically

A black man and his foolish way of thinking ,are you sure you graduate...You talk like an illiterate

This strategy will cause the Ruble to appreciate and ensure stability of the russia economy. As Germany, and other EU nations will have to source for Ruble to pay for gas.

Trading in Ruble has always been the desire of Putin and russia.

The reason why the US attack Iraq, Libya, Syrie etc was because they wanted to abandon the use of dollar for trade.

AroleOduduwa2:


Putin is no Hitler, one is the highest ranking KGB and the other was an fortunate to rule Germany with little to know understanding. Times have also changed.

Putin is Hitler lite.

They both love to invade and annex

When the Demand increases, Value increases.
Simple Economics.
Putin has very good economic advisers.
I love the Man Vladmirr Putin

prettyboi1:


Just listen to yourself. Some of you have absolutely no problem being oppressed. For how long? It's this same kind of thinking you have that Russia is fighting anyways. Who is the west to tell every single person what & what not to do? You have the mentality of a lot of our vision less African leaders.
Think about it, why should you actually sell your own resources in the currency of another country that doesn't own that resource?

u fail to understand something, everyone can not be in charge at a go someone must be in charge of all. In the mosque the church in the school, office, country,state,in the family they is only one person in charge of all that is what the west and it Allie's is to the world right now they are in charge of the rest of the world u can't take it away from them,the world has always been like that from one world power to another. So relax the west will always keep lording it on u they is nothing putting or China nor u can do about it.

Hezzyluv:
Walaii.... This man no just get sence. Prior to his invasion on Ukraine, a lot of people don't even know the unit of Russian currency.

Swallow your pride and allow peaceful negotiable approach to this your madness Because, as it stands you have put your country into retrogression economically

Almost 80 likes for this rubbish you typed on here...

teemy:


This might just be the beginning of the fall of the PetrolDollar. Saudi was recently talking about something similar. Higher demand for the rouble will increase the price and shave off some of the effects of the sanctions. More anti-west nations might follow suit.

Seems USA might take a big hit. That statement might as well be a declaration of war on the US. The next few days might be interesting.

There is also talk of Nigeria being the exchange house of the Yuan meaning African nations can buy Yuan to pay for their Chinese imports instead of paying in Dollars.

You hit it on the head. Expect to see the yaun as global reserve as the world lose faith in the dollar owing to fear of arbitrary seizure of other country's asset and excessive printing of the dollar.
The inflation gearing up to hit America and Europe will be huge and China might just usurp America.
Europe might just have dealt themselves a bad card with these Russian sanctions

B2Bmen:
u fail to understand something, everyone can not be in charge at a go someone must be in charge of all. In the mosque the church in the school, office, country,state,in the family they is only one person in charge of all that is what the west and it Allie's is to the world right now they are in charge of the rest of the world u can't take it away from them,the world has always been like that from one world power to another. So relax the west will always keep lording it on u they is nothing putting or China nor u can do about it.

So, tell me who agreed for West to be in charge?

gambojimeta:



You have never heard of oil and gas tankers

How do you think Nigeria gets its refined crude oil?

That's where the problem lies. Gas gotten from gas tankers makes the price of gas way higher than when it was gotten from pipes. You can't replace cheap in gas and oil, and that's why the Europeans are so dependent on Russian gas: cheap, quick delivery and dense than what you get from gas tankers. Why do you think they were trying to get gas pipelines from the middle East to main Europe but Syria stood on the way, which led to the plan to topple Asad and the consequent Russian intervention? The only way you get cheap gas is via pipes otherwise, Europe would have been buying ohas from the US since eons.

The ruble has surged on Wednesday after the announcement that payments for gas exports to certain Western countries will be switched to Russia’s domestic currency.

Gertyman:


Of course Yes, I understand that they need an alliance, especially with China, but China still depends on exports, and the main China customer for export is the West, that's why the situation is not easy as said. You have to weigh your pros and cons. How many advantages will China gain from Russia than Gas? and If the West also decides to decouple from China (though very dangerous for the West), it will hurt everyone. The market and commercial activities between China and the West is like Marriage, it will be messy during a divorce. China still has more than 500 million populations she is still struggling to get out of poverty. So, it's not a good idea for China now to divorce the West because they want to save Russia. That's why they are playing the game carefully. They also don't like the West, but still, power belongs to the West.

But china needs to act now too because if russia falls, china is the next the west will face and china needs russia to protect their west flank just the way china is protecting russia's east flank.
If russia falls and china falls, it is a game ove for us all. The west will be like a mini God on earth with nobody to challenge them.

LordReed:


Which is why he should have leveraged that to push demand for the Ruble not now that Europe is galvanising itself to wean off Russian energy.

There was no need for that until now.

B2Bmen:
u fail to understand something, everyone can not be in charge at a go someone must be in charge of all. In the mosque the church in the school, office, country,state,in the family they is only one person in charge of all that is what the west and it Allie's is to the world right now they are in charge of the rest of the world u can't take it away from them,the world has always been like that from one world power to another. So relax the west will always keep lording it on u they is nothing putting or China nor u can do about it.

You don't know current standing of world economy and politics. Europe, currently is indebted to China. China is only waiting for the right time and it has everything lined up for a global economy takeover

tolue42:


Lie!

Germany sign agreement with Qatar on Sunday to get gas from there.

I will give you Aljazera link, so you won't call it Western propaganda as usual.

Russia is dead!

https://www.aljazeera.com/news/2022/3/20/germany-seals-gas-deal-with-qatar-to-reduce-dependence-on-russia

That deal is true, but it is actually a joke. Qatar doesn't have the quantity to replace Russia. Even if it works, Germans would have to pay multiple times more than they used to pay to Russia.

frankson1:




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.

arguing blindly or gullible is still acceptable but seeing responce to your reasoning with insult rather than counter reasoning is just out of it.

better still they will start spell-checking, digging your grammatical construction, yet they won't correct you but make jest of you.

Kingspin:
Are you also aware EU is abandoning Russian gas just as the US and UK did?
No country has the exclusive right to invade another without provocation again.

Which EU?

RedEnergy:
Putin is back to back giving it hot to the gang of bandit imperialists. US and EU right now

You obviously don't have any idea of how international trade works. Do you know, that Texas economy alone is bigger than Russia economy. That alone should tell you how small Russia economy is in the scheme of things.

staaari:
The ruble has surged on Wednesday after the announcement that payments for gas exports to certain Western countries will be switched to Russia’s domestic currency.

Links?

Could find it on search engines and 1 ruble still trading for 0.010 dollars.

Appleyard:


That's where the problem lies. Gas gotten from gas tankers makes the price of gas way higher than when it was gotten from pipes. You can't replace cheap in gas and oil, and that's why the Europeans are so dependent on Russian gas: cheap, quick delivery and dense than what you get from gas tankers. Why do you think they were trying to get gas pipelines from the middle East to main Europe but Syria stood on the way, which led to the plan to topple Asad and the consequent Russian intervention? The only way you get cheap gas is via pipes otherwise, Europe would have been buying ohas from the US since eons.

In summary.

The government of Germany and Qatar are wasting their time and should not bother since the cost would be too high.

Well, maybe these countries will stop sending aid and money to Africa, South America and Asia only for politicians to loot and steal. Time for Africa to stand alone which is a good thing. They could use some of that money to get gas at an higher cost as long as they are getting the gas. No wahala ba.

RICH Western Europeans need subsidy and rebates too.

Another arm chair expert on Nairaland.

MT:


Russia economy is in ruins. Putin admits it that sanction has decimated their economy. Focus on what happens after this war is over.Many European countries will wean themselves off Russia oil, more NATO presence in the Eastern flank of eu, sanctions will still remain to destroy the economy,
Russia was the 12th wealthiest nation before the war, I can bet they will pushed down the ladder. If they seek loan in the international market, they will pay very high interest rate because their rating would have been affected when they default on their debt.

Russia has less leverage on the west than the other way round. US is the largest producer of oil in the world, Saudi even comes second.

Hmm that is if Russian loose the fight? What if it favored them and zelensky agreed to his terms and conditions ?

lexyclasy:
some of you are as dead as Russian economy, so if the US, UK and EU nations decided to jettison their product completely who will loose, there's a larger market in south America, Canada, Asia/Middle east, authoritarian rulership of Putin is like a castle built on Sandy place., the Russian economist are warning him o, and he call the bluff, that's why the Russian central bank Governor resigns and other top economist yet he is defiant, we will know maybe Russians will drink gas and oil hahahah, ok IRAN who is an allied nation will patronize their oil/gas measurable to the portion the above mentioned nations would have purchased. funny man call Putin.

So why is his excellency Vladimir Putin not asking for dollars instead?

Idaytesj29:


So, if he is using those gadgets, they gave him for free right? He didnt pay for them. And as a result, he should be calling red white cos he is using Microsoft. What going on here sef?

justli:


You hit it on the head. Expect to see the yaun as global reserve as the world lose faith in the dollar owing to fear of arbitrary seizure of other country's asset and excessive printing of the dollar.
The inflation gearing up to hit America and Europe will be huge and China might just usurp America.
Europe might just have dealt themselves a bad card with these Russian sanctions

Big money don't use emotions when it comes to the currency they trust.
Goodluck to you for holding yuan.
You think it's a fluke that dollar have been the most reliable currency for a while now.
Dollar is the closest you get to decentralized paper money compared to cryptocurrency. Not in this generation will big money rely on yuan that it's value is still been largely controlled by the Chinese government

Idaytesj29:


So, if he is using those gadgets, they gave him for free right? He didnt pay for them. And as a result, he should be calling red white cos he is using Microsoft. What going on here sef?

He or she could get a Russian alternative. Same way Europe is looking for an alternative to Russian Gas

Miroslavv:


Almost 80 likes for this rubbish you typed on here...

those are the 80 gullibles, that population and many has not joined, now we see the danger Nigeria is in. when the gullible are more than the reasonable.

lexyclasy:
some of you are as dead as Russian economy, so if the US, UK and EU nations decided to jettison their product completely who will loose, there's a larger market in south America, Canada, Asia/Middle east, authoritarian rulership of Putin is like a castle built on Sandy place., the Russian economist are warning him o, and he call the bluff, that's why the Russian central bank Governor resigns and other top economist yet he is defiant, we will know maybe Russians will drink gas and oil hahahah, ok IRAN who is an allied nation will patronize their oil/gas measurable to the portion the above mentioned nations would have purchased. funny man call Putin.

mployer:
He is not the sole supplier of gas.

Lol he is actually the sole supplier of piped natural gas to Europe. The alternative is LNG which has to be shipped from unstable countries like Nigeria. The fact that it is piped means thd cost of transportation is amortised over many years (about 30years pipeline lifespan) Europe cannot get any other gas as cheap as Russian gas.


This I have said before, if Buhari has any reasoning economist, all Nigerian crude should be paid for 60% in Naira. Why sell your own goods in another person's currency? European countries do not accept anything but Euros for their exports.

MT:


That's where you miss it. There's a sanction to stop Russia accessing dollars, if Russia asks to be paid in USD, they know it's NOT possible.

Russia needs money by selling her oil and gas. Why don't you ask yourself why Russia doesn't stop selling her oil and gas to western nations totally? Because they need money! And country like India will only buy Russia oil at a discount. Reason!

If you think that the EU in their already horrible predicament would rather obey some unilateral sanctions than avoid mass death and starvation, then you are even more ridiculous than I thought.

Yes. Russia needs profits but if Putin should insist on this, they'll have to give in because of rising protests and riots (look into Spain for example). Those spoilt Europeans don't tolerate hardship like we do here but Russia can cope with this through force.

olugabbie:


The EU in a short term has no other choice than to continue buying Russian gas. But in a long term they will find another seller/sellers. Russia will also find another buyer/buyers. But i don't think Russia can get buyer/buyers who will buy as heavy as the EU does right now. For the EU i hope there won't be any reason to sanction the next seller they get.

5thcolm:


You obviously don't have any idea of how international trade works. Do you know, that Texas economy alone is bigger than Russia economy. That alone should tell you how small Russia economy is in the scheme of things.

Thats the lie to feed you to keep your currency low so they buy your resources cheap! Texas is the size of Nigeria, with an oil industry that belongs to American bygone era. Its about a 10th of Russia in landmass. Its economy might appear big based on the value if USD to other world depressed currencies, but in terms of real economy and productivity it is not.

safesurfer:
Omo after all is said and done.... Russia's economy is only as big as Texas, a state in the US. Many underestimate the resilience of their economy, thinking the dollars is the only reason for their dominance. Lol.
US economy has been the biggest (since 1841) long before the dollar became a global currency. Besides, They didn't impose the dollar on anybody, did they?

Who told you they didn't? muscling other countries, arm-twisting some forcing them to the deal table.

SocialJustice:
Was it not foolishness for world leaders to agree to peg the world's economy against a currency with no actual value? The error was bound to be corrected at some point. Let's see how it plays out. You have seen the armada of gas laden ships from USA going to Europe though?

Bro those ships are not enough to satisfy even Germany alone talk more of the entirety of Europe. Putin has them by the balls right now, although hurting them will also hurt him.