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Putin Wants Rubles For Russian Gas - Foreign Affairs (15) - Nairaland

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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 pansophist(m): 8:55pm On Mar 23, 2022
gambojimeta:

The bolded is what the Ukrainians are fighting for.

True, though we live in the real world, and a country can still be free while taking into considerations the realities that are unique to it. Ukraine if neutral, will get the best of both worlds from the west and east.

2 Likes

Re: Putin Wants Rubles For Russian Gas by Nobody: 8:55pm On Mar 23, 2022
emmaodet:


Who told you they didn't? muscling other countries, arm-twisting some forcing them to the deal table.
Hmm. I can't rule that out sha. They are not saints lol.
Re: Putin Wants Rubles For Russian Gas by okorogbo: 8:56pm On Mar 23, 2022
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 undecided


Na you mumu pass, don't you know sourcing for rubles to pay Russia will automatically drive up the value of that currency?
Basic economic bro,this one no be PhD.
Infact he has hit them where it will pain most, America just committed economic suicide with those sanctions,the implications is that it will spur them to thinking and provide local alternatives.

2 Likes

Re: Putin Wants Rubles For Russian Gas by Idaytesj29(m): 9:00pm On Mar 23, 2022
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.

According to the latest data from the U.S. Census Bureau — namely, the 2019 American Community Survey, 5-Year Estimates — the U.S. poverty rate nationally is 13.4%. This means that 13.4% of the national population lives below the poverty line.

Source:
https://www.census.gov/newsroom/stories/poverty-awareness-month.html#:~:text=The%20official%20poverty%20rate%20in,and%20Table%20B%2D4).


And According to World Bank, only 0.6 % of Chinese are in poverty as at 2019.

Source:
https://data.worldbank.org/indicator/SI.POV.NAHC?locations=CN
Re: Putin Wants Rubles For Russian Gas by FoolishBoy419: 9:02pm On Mar 23, 2022
frowland:


So you worked as a professional and didn’t know that homes are gas powered? Tell me something new Lier!
I guess your heating system is powered by firewood?
Meaning you have never paid gas bill before? Then you might be all those illegals disturbing the peace here. Professional my bellend.
Well I might be a cleaner and okay with it! Have I begged you for food before?
Face of a 8 year professional in UK that didn’t know his home is gas powered.

BRUTALITY cheesycheesy
Re: Putin Wants Rubles For Russian Gas by AroleOduduwa2: 9:04pm On Mar 23, 2022
gambojimeta:

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.

grin

Sent arms on the front pages of news paper yet Zelensky is running from pillar to post asking for help and even dared sleepy joe to come to Kiev

1 Like

Re: Putin Wants Rubles For Russian Gas by Appleyard(m): 9:04pm On Mar 23, 2022
gambojimeta:

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. cool

Another arm chair expert on Nairaland. grin

Germany don't even have the terminal to hold gas via tankers, henc they called it long-term. Guy, there is no replacing cheap in gas and oil. These are facts.

1 Like

Re: Putin Wants Rubles For Russian Gas by GerogeI(m): 9:07pm On Mar 23, 2022
pansophist:
These sanctions has revealed the strength and endurance of the Russian people. Every country should try as much as possible, no matter how difficult to be sanction-proof, it's the only way to live well in a world led by imperialist, and post-colonial warlords. Sovereignty is sacrosanct, and sadly, only few countries are truly Sovereign.

The rule of thumb used to determine truly Sovereign countries are any country the west hate with burning passion, AND will do/support anything to break it internally and externally. Russia is one, then China, Iran and Syria. Before it was Libya, but its been defeated. You can argue that some of these countries are poor, and you're probably right. But a golden prison is still a prison. Freedom is priceless.

The reality is that you can make this move if you are relatively debt free. A country like Nigeria whose President devalued the currency from N360 to now N590 to 1 USD just to continue borrowing from IMF and Co for stupid projects, like Railway that would have boomed the economy if it was built locally. Such a country has already sold her sovereignty for peanuts

4 Likes

Re: Putin Wants Rubles For Russian Gas by AroleOduduwa2: 9:08pm On Mar 23, 2022
frowland:


So you worked as a professional and didn’t know that homes are gas powered? Tell me something new Lier!
I guess your heating system is powered by firewood?
Meaning you have never paid gas bill before? Then you might be all those illegals disturbing the peace here. Professional my bellend.
Well I might be a cleaner and okay with it! Have I begged you for food before?
Face of a 8 year professional in UK that didn’t know his home is gas powered.

Someone that haven't left Nigeria before, he doesn't have an understanding of how things work and yet he claim to work at royal bank of Scotland.

1 Like

Re: Putin Wants Rubles For Russian Gas by 5thcolm(m): 9:24pm On Mar 23, 2022
GerogeI:


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.

Go to school, you won't go. Read and learn, you won't read. You think landsize is what makes economy big. Russia is the biggest country in the world by land size. So are you saying that they are the richest?
Oil is Russia major export to the world. How many other product have you seen or have in your house that is made in Russia. Texas have oil but have diversify it's economy to also focus/export advance technology, biotechnology, aeronautics, manufacturing, life science etc. This are values that are exported and used in everyday home around the world.
US, China, Japan, Germany, UK, India, France are all smaller in size to Russia but are far bigger economy cause they offer more to the world.
Fun fact, Texas produces about half of oil that Russia produces per day. So Texas is not even far off when it comes to oil.
Another fun fact, Top ten biggest economy are not major exporter of oil.
Lastly, the fact that oil is not your highest expense monthly should show you that being an oil exporter isn't as important as technology manufacturing, biotechnology etc put together

1 Like

Re: Putin Wants Rubles For Russian Gas by seunny4lif(m): 9:24pm On Mar 23, 2022
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 undecided
You are the one that don’t have sense
Russia Ruble just hit from 121 to 95 Ruble to a dollar and you think Putin don’t have sense?
EU have 2 options now
1. Buy ruble and trade with Russia
2. Allow companies to shutdown and people will freeze to dead which will lead more to protect around EU

Italy and France are already facing massive protests against cost of living

2 Likes

Re: Putin Wants Rubles For Russian Gas by Idaytesj29(m): 9:29pm On Mar 23, 2022
gambojimeta:


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

grin grin grin

They could as well stop sending their devices beyond their national borders and use it by themselves. The world is already going East, west is outdated.
Re: Putin Wants Rubles For Russian Gas by DerrickzB: 9:31pm On Mar 23, 2022
BloomingDale:


Better swallow your pride and go and buy rubles if you want to purchase Russian gas.

Leave the mumu!! I see him comment jump am!!
Re: Putin Wants Rubles For Russian Gas by folks4luv(f): 9:35pm On Mar 23, 2022
seanwilliam:
Like for biden share for Russia




. I buy all countries giftcards. I buy GREENDOT/PAYPAL FUNDS @ your own rate. I sell google voice bulk and unit @ cheaper price ✅
Do you buy funds on Tremendous Visa cards?
Re: Putin Wants Rubles For Russian Gas by 5thcolm(m): 9:36pm On Mar 23, 2022
AroleOduduwa2:


Sent arms on the front pages of news paper yet Zelensky is running from pillar to post asking for help and even dared sleepy joe to come to Kiev
The comment you quoted was wrong cause Nato nation have not directly interfered because, in spite of the fact that Nato nations have sent weapons, they don't have actual personnel fighting Russia army in Ukraine.
2) Ukraine are only allowed to use the sent weapons to defend themselves inside of Ukraine not to attack Russia in Russian territory.

Reason why Zelensky is asking for help is because he needs more weapons especially fighter jet cause Russia's main advantage at this point is the air.

Now these could have been your reply, not your emotionally charged ignorant reply
Re: Putin Wants Rubles For Russian Gas by B2Bmen: 9:37pm On Mar 23, 2022
prettyboi1:


So, tell me who agreed for West to be in charge?
the north Atlantic treaty organization they form after world wars Saw them trying to bring the whole of Europe as one together with America and it number one Allie Britain. The UN was also form too after the war to police and monitor the affairs of all country of the world,America is the biggest economy of the world after the second wwll therefore they spornsor most of the UN project and the north Atlantic treaty organization NATO, which at that time Europe is still recopurating from the advase effect of the war, Africa is still a farm land and mindle East and Asia are still in pre epoch era no one has the capacity like the Americans to support and manage UN invariably saying to America by the world u are in charge. By so doing all nations of the world including your Nigeria who are signitry to the UN became under the influence of America and it rich allies in the west. Hope I was able to answer your question,and school u a little?
Re: Putin Wants Rubles For Russian Gas by Gertyman: 9:38pm On Mar 23, 2022
5thcolm:


Go to school, you won't go. Read and learn, you won't read. You think landsize is what makes economy big. Russia is the biggest country in the world by land size. So are you saying that they are the richest?
Oil is Russia major export to the world. How many other product have you seen or have in your house that is made in Russia. Texas have oil but have diversify it's economy to also focus/export advance technology, biotechnology, aeronautics, manufacturing, life science etc. This are values that are exported and used in everyday home around the world.
US, China, Japan, Germany, UK, India, France are all smaller in size to Russia but are far bigger economy cause they offer more to the world.
Fun fact, Texas produces about half of oil that Russia produces per day. So Texas is not even far off when it comes to oil.
Another fun fact, Top ten biggest economy are not major exporter of oil.
Lastly, the fact that oil is not your highest expense monthly should show you that being an oil exporter isn't as important as technology manufacturing, biotechnology etc put together

Chairman, I really respect your comment. This is what I have been trying to explain to folks here, but they keep missing the point. Thumb up to you.
Re: Putin Wants Rubles For Russian Gas by olugabbie(m): 9:42pm On Mar 23, 2022
5thcolm:


Go to school, you won't go. Read and learn, you won't read. You think landsize is what makes economy big. Russia is the biggest country in the world by land size. So are you saying that they are the richest?
Oil is Russia major export to the world. How many other product have you seen or have in your house that is made in Russia. Texas have oil but have diversify it's economy to also focus/export advance technology, biotechnology, aeronautics, manufacturing, life science etc. This are values that are exported and used in everyday home around the world.
US, China, Japan, Germany, UK, India, France are all smaller in size to Russia but are far bigger economy cause they offer more to the world.
Fun fact, Texas produces about half of oil that Russia produces per day. So Texas is not even far off when it comes to oil.
Another fun fact, Top ten biggest economy are not major exporter of oil.
Lastly, the fact that oil is not your highest expense monthly should show you that being an oil exporter isn't as important as technology manufacturing, biotechnology etc put together


Russia export other things like gas turbine, agricultural equipments, aircrafts (not only military but commercial), space vehicle, covid-19 Sputnik (some EU countries like hungary bought the vaccine), ships, train e.t.c


Russia is self-reliant. They build everything they use from vehicle to aeroplane to ship to train and so on.
Re: Putin Wants Rubles For Russian Gas by B2Bmen: 9:43pm On Mar 23, 2022
justli:


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
don't forget Europe made China what it is. With out America and Europe China is sychelises
Re: Putin Wants Rubles For Russian Gas by plaindealer: 9:47pm On Mar 23, 2022
AroleOduduwa2:


Dump it when, right now, something they are still looking for clarification as to what Putin wants as payment plan.



Again, if you are going to argue, how facts, not just talk and peddling your own personal opinion.


What Putin want s or clarity has nothing to do with the fact that Europe is actively looking for alternate oil and gas suppliers?


What's Putin's payment plan got to do with the fact that Germany already secured long term energy deal with Qatar?

We are talking about A and you are rambling about B?

Mr man, stop wasting my time unless you are able to counter me with facts that Europe is not looking for other suppliers or that Germany did not secure energy contract with Qatar.

1 Like

Re: Putin Wants Rubles For Russian Gas by maasoap(m): 9:48pm On Mar 23, 2022
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 undecided

But now, you do, right? Lol
Re: Putin Wants Rubles For Russian Gas by plaindealer: 9:51pm On Mar 23, 2022
1 Cubic feet of gas or 1 barrel of oil that didn't come from Russia means less money for Russia.

Europe and the West won't allow Putin or any unstable lunatic to keep blackmailing them with Gas, never, there are friendly suppliers all over the world including Nigeria.

Putin overplayed his hands.
Re: Putin Wants Rubles For Russian Gas by okorogbo: 9:52pm On Mar 23, 2022
5thcolm:


Go to school, you won't go. Read and learn, you won't read. You think landsize is what makes economy big. Russia is the biggest country in the world by land size. So are you saying that they are the richest?
Oil is Russia major export to the world. How many other product have you seen or have in your house that is made in Russia. Texas have oil but have diversify it's economy to also focus/export advance technology, biotechnology, aeronautics, manufacturing, life science etc. This are values that are exported and used in everyday home around the world.
US, China, Japan, Germany, UK, India, France are all smaller in size to Russia but are far bigger economy cause they offer more to the world.
Fun fact, Texas produces about half of oil that Russia produces per day. So Texas is not even far off when it comes to oil.
Another fun fact, Top ten biggest economy are not major exporter of oil.
Lastly, the fact that oil is not your highest expense monthly should show you that being an oil exporter isn't as important as technology manufacturing, biotechnology etc put together


Most of you just flow with those tales been told by the West,you were made to believe that Russia has nothing to offer aside from gas and oil Abi?
The Gold and Diamond reserve in Russia nkọ?
30% of the world wheat needs is taking care by Russia and Ukraine.
How about steel import for ship and building industries.
Military hardware's which includes Space Shuttle and Rocket engine's.
Revenue from Vodka importation and many more nkọ?
Let me tell you, Russia will emerge economically strong from this war if they can stick to that plan, though they will suffer for a while but i can bet you they will stabilize things the way Chinese were able to

1 Like

Re: Putin Wants Rubles For Russian Gas by okorogbo: 9:58pm On Mar 23, 2022
plaindealer:
1 Cubic feet of gas or 1 barrel of oil that didn't come from Russia means less money for Russia.

Europe and the West won't allow Putin or any unstable lunatic to keep blackmailing them with Gas, never, there are friendly suppliers all over the world including Nigeria.

Putin overplayed his hands.

Another ignoramus comment,if they do away with Russia oil and gas,how will they find alternative?
You think Europe is like Nigeria where you can gas abi? gas flow through the pipes from end to end,or is there a gas pipeline from Nigeria or Middle east to Europe?
or they just start building gas storage overnight and start carrying cylinder the way you do i. Lagos abi?
The war is all about survival, Europe will never fight Russia,it is the US that using them to fight proxy war
Re: Putin Wants Rubles For Russian Gas by olugabbie(m): 9:58pm On Mar 23, 2022
5thcolm:


Go to school, you won't go. Read and learn, you won't read. You think landsize is what makes economy big. Russia is the biggest country in the world by land size. So are you saying that they are the richest?
Oil is Russia major export to the world. How many other product have you seen or have in your house that is made in Russia. Texas have oil but have diversify it's economy to also focus/export advance technology, biotechnology, aeronautics, manufacturing, life science etc. This are values that are exported and used in everyday home around the world.
US, China, Japan, Germany, UK, India, France are all smaller in size to Russia but are far bigger economy cause they offer more to the world.
Fun fact, Texas produces about half of oil that Russia produces per day. So Texas is not even far off when it comes to oil.
Another fun fact, Top ten biggest economy are not major exporter of oil.
Lastly, the fact that oil is not your highest expense monthly should show you that being an oil exporter isn't as important as technology manufacturing, biotechnology etc put together


Russia export other things like gas turbine, agricultural equipments, aircrafts (not only military but commercial), space vehicle, covid-19 Sputnik (some EU countries like hungary bought the vaccine), ships, train e.t.c

It is also the 2nd largest exporter of military equipments in the world.


Russia is self-reliant. They build everything they use from vehicle to aeroplane to ship to train and so on.

It's oil and gas sector accounted up to roughly 40% of Russia's federal budget revenues.

1 Like

Re: Putin Wants Rubles For Russian Gas by Bluffly: 9:59pm On Mar 23, 2022
CyberWolf:
Who told you that? I guess you meant Kuwait dinar.
My bad. I actually meant Kuwait dinar Though Qatari Riyal worth far more than Russian Ruble.
Re: Putin Wants Rubles For Russian Gas by franconian: 9:59pm On Mar 23, 2022
stinflame:


Don't mind Putin, we agree they have the highest gas deposit and that is because others have not been discovered and harness, he will be shock to see an alternative to Russia Gas.

There's currently no alternative to Russian gas because there are gas pipelines and huge infrastructures built across Europe to transport Russian gas. Even if other gas deposits are discovered today, it'll still require about a decade of huge investment for Europe to move away from Russian gas.
Re: Putin Wants Rubles For Russian Gas by fydence: 10:03pm On Mar 23, 2022
BloomingDale:


Better swallow your pride and go and buy rubles if you want to purchase Russian gas.
Leave am make he dey do mum.u analysis
Re: Putin Wants Rubles For Russian Gas by justli: 10:03pm On Mar 23, 2022
B2Bmen:
don't forget Europe made China what it is. With out America and Europe China is sychelises

While you may have a point, US also relies on extracting the rest of the world to maintain its position, so no country is an island.
But the decision of freezing the asset of a world power and also cutting them off from assessing world reserve currency is unprecedented and will have farreaching consequences in years to come...

Other country will see the need to decouple from the dollar, at least partly and if China has become the most dominant trade partner for most of these other countries, I don't see why they should rely on the dollar that currently suffers huge inflation

2 Likes

Re: Putin Wants Rubles For Russian Gas by gambojimeta: 10:04pm On Mar 23, 2022
AroleOduduwa2:


Someone that haven't left Nigeria before, he doesn't have an understanding of how things work and yet he claim to work at royal bank of Scotland.
LMAO

Not everyone would live and die in poverty like you

Unlike your friend. I don't need to lie on a faceless forum about living in the UK when he actually lives in a slum in Lagos State.

Re: Putin Wants Rubles For Russian Gas by Adjovi: 10:04pm On Mar 23, 2022
simplesearch:
They get your gas in rubles and you get other things from the west in dollars, pound and euro. The world is a no man's land, so no one can be mad forever or remain an island. Putin can't survive this for long, for as far as today's economics is concern a buyer always has the upper hand than the seller.


In this case the buyer does not have any upper hand at all. It's the seller sir.
Re: Putin Wants Rubles For Russian Gas by Adjovi: 10:08pm On Mar 23, 2022
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!


You can only do that if you have immediate alternatives. In this case EU has no immediate alternative so they have no choice for now than to do what Russia wants because they are currently too dependent on that gas from Russia. It will take a long while before that of UAE to start functioning at the level of Russias

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