₦airaland Forum

5thcolm:
Bros, answer the question posted above.
How many Russian commodity do you use?
How much percentage of your money do you spend on Russia commodities?
Whatever Russia produce more than US, the US is not far off.
US is the second largest exporter of wheat.
For your info, The US produces about 5 million more barrel more oil than Russia.
Sure, Russia export other things aside from oil just Like Nigeria. But this things are small compared to US, Chinese, Japan etc exports that even you spend your money on daily.
Pls answer my question?

Gertyman:
Your analysis is wrong. Let's assume EU nations, the US, and other countries buying gas from Russia are sourcing for Russia's rubble to pay for Russian Gas. How will Russia pay for what it doesn't produce? Is rubble part of world's reserved currency? because you have to peg your foreign reserve/currency against another currency, that's economics.

okorogbo:
Your everyday bread and semolina that you eat comes from Russia wheat.
Your iron you use in building comes from Russia,
Frozen fish, especially your Titus Abi na Mackerel,
Your refined petroleum you buy to power your generator.
Fertilizer for your farmers.and just in case you need data about Russia trade partners and the amount involved here is a link for you.

https://tradingeconomics.com/russia/exports-by-country

5thcolm:
Russia economy apologists should know that the richest companies in the world are those that produces everyday life commodities and services.
E.g
Apple
Google/alphabet
Microsoft
Amazon
Tesla
Facebook
Nvidia
Visa
Samsung
Etc.
None of this companies are Russian company.
Also, the top richest people are not into oil, they are into everyday commodities/services that people use around the world.
Countries that produces everyday commodities/services are the richest in the world.
Back to my question.
What do you use in your everyday life that is Russia made?
What percentage of your money goes to Russia made commodities?

GerogeI:
Your question is just a fallacy of argument, hiding behind demand for precise data.
I just told you that half of all the bread you eat in Nigeria are from Rusiia, you start arguing that the other half comes from US. How is that relevant to Russian Production?

I will give you the numbers you want if you can supply same numbers for your own consumptions from US. How much of your income do you spend on goods from US and not China, for you to be here arguing about how texas economy is bigger than Russia? The bitter truth is that the US has so depressed your currency that you can hardly afford anything produced with their local labour, but you wakeup here shouting about the size of their economy. Next time, specify if its the real economy or the virtual currency valued economy.

GerogeI:
You sound retrogressive in your thought.

1. Your list is full of tech companies that are US owned, but not necessarily producing their services in the US.

2. How many of those companies you listed do you use their products, and the are relevant to Nigeria for you to be calling them everyday products.

Apple- you mean second hand iPhone Nigerians buys from computer village or how many Nigerians spend close to N1million to buy overpriced Ipad tablets that are actually made in China?

Microsoft- we all use free Russian prorated Microsoft softwares from Windows to MS word. Ever heard of the Lavteam?

Tesla- you must be kidding right. Everyday items that male US economy big.

Visa- I hope you know its the branding and server network our banks pay for, and those servers are not likely in US. All the chops and cards are made in China.

Samsung- A US company? Really. If they where, you won't be using them so much. It's a South Korean company and most of their products are made in China.

5thcolm:
You are wrong. Russia only export 17% of total world wheat export.
US has 14%
Canada has 14%
France has 10%
Ukraine has 8%
Etc.
Anything Russia does highest, many other countries like US are close.
You know what we have things Russia has zero market share
Phones - Russia 0%
Textile - 0%
Cars -0%
Airplane- almost 0%
Telecommunications- almost zero
Techs like Google, Social media companies, etc - Russia almost 0%

GerogeI:
Bros, are you okay in the head. How does the fact that Venezuela also produces oil make Nigeria any less of a major oil producer?

gambojimeta:
Sending weapons to a country is military aid. I don't know what you are on about. You are Just going around in circles.

nomenclature:
A none entity like you saying the most powerful man in the world no get sense.
Ordinary whatsapp group u no fit be admin.
People dey contest for your local goverment council, you no go even fit get one vote .
Nairaland is full of disrespectful idiots like you.
Black monkey for that matter oh wey be say his own language Don almost go extinct ...e dey use English dey communicate when him no be English man.

naijapower:
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.

5thcolm:
Bros. Yes Russia export those things but this other big countries like US, China, Japan Germany also have big market share into industry e.g Russia export 37million tonnes of wheat per year, but the US and Canada each exports 26 million tonnes per year. Other countries are not far behind. Weapon? US, China, France, UK have just as big export.
Every Commodities Russia exports, other big countries have big market share too.
Problem is there are lots of industries that Russia have have almost to none market share.
Google
Social companies
Textile
Automobile
Telecommunications
Airplane-- boeing/airbus
And many more that Russia has zero or almost zero market share

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

GerogeI:
Your views are like the behaviour of an ostrich.

1. SAUDI Arabia spear headed the formation of OPEC to successfully counter what the Western countries are trying to do, get one oil producer to play against the other. Even if Qatar sells to Europe, they will not produce more than their OPEC quota, so the Russian production will go to whoever Qatar stopped supplying. Middle East countries will never go outside OPEC because they have learnt bitter lessons from same Western countries in the 1970s oil price wars.

2. The same applies to Iran, who has been living under sanctions, and is closer to Russia, to suddenly start being courted by the British Prime Ministet so they can destroy the only ally they have in the UN security Council with veto powers. They might sign and ride along, but will stick to their OPEC quota. If Iran comes back on stream, OPEC will reduce everybody's quota to keep oil price steady.
So you have not figured the cartel part our yet.

3. Qatar has no pipelines to Europe, neither does Iran. Even if they start building one today, They both have to convince Syria and Turkey, these are bets they Europeans would likely forsake and rather go to Russia.
So the only feasible gas supply means is Liquiefied Natural Gas.
For LNG:
To the equivalent oil price,
add cost of liquefaction,
add cost of transportation is shipping Tanker,
add cost if cryogenic processes while shipping to keep the liquid cold and liquefied.

Then compare that to Russian gas, which only gets dehydrated and pumped to Europe via pipelines with 30-50 years lifespan.

Truth, is Russian gas in Europe still has no feasible alternative. Even making cheap green energy still will not displace Russian gas, as green energy storage for night use is also a costly venture.

The Europe is looking for replacement for Russian gas is just a political talk. They have been looking for the past ten years, even when Russia incurred into Georgia. That alternative does not exist yet.

mployer:
He is not the sole supplier of gas.

okorogbo:
You keep making one mistake that those western countries are an island and i won't blame you for that,that is what they have ingrained into peoples head.
For evey thing the West export Russia has equivalent of that.
Were you told that Americans import Russian gold and Diamond in commercial quantity?

You talk of Communication,who laid the foundation of communication? is it not Russia through their Satellite called Sputnik 1?
The largest Cargo plane uptil date was a Soviet union effort.
I am not trying to tell you who is the best,but my point is that Trade is beneficial to all parties,the west shouldn't make it look as if Russia will cease to exist if they don't patronize them.
For your information,India just ordered 3million barrel of oil from Russia 4 days ago and payment will be in roubles.

grandstar:
But they supply almost half the gas that the EU consume, most importantly, Germany. Germany is heavily dependent on natural gas from Russia for power after it was forced to shut down its nuclear power plants due to opposition to them from its citizens, after the Japanese earthquake in 2011.

AroleOduduwa2:
The Democrat will ruin this beautiful country. Americans have no clue what that means.
They have gotten a free ride since Bretton Woods.
Just wait till they can't use paper to buy real things.
And the rest of the world will not fund their budget deficits and military adventures.
The US$ falls, so does the empire

plaindealer:
[s][/s]


I'm not interested in your opinion and pointless essay, prove to us that Germany did not secure long term energy contracts with Qatar or that Germany did not dump Russian gas in favor of gas from Qatar.

Keep your opinion to yourself.

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.

Dpharisee:
Germany has announced that their companies won't be leaving Russia and they have no alternative to Russian gas.
Germany is currently planning on building an LNG terminal which we able companies import LNG from Qatar on condition that China which has payed ahead agrees to resell certain quantities

27Pushing30:
Lol keep talking crap

Here in Naija diesel has hit N800/liter even manufacturers are groaning

Keep deceiving yourself

GerogeI:
Too Dumb! Not sure this one is on planet earth.

gambojimeta:
USA and Canada.

Germany and other EU dependent on Russia are next

plaindealer:
Only dumb people substitute facts with their ignorant and unintelligent personal opinion.

Did Germany dump Russian gas with long-term energy contracts from Qatar, yes or no?

WAEC F-9 result is too generous for you and your kind.

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

rajiedreez:
Do you know how many EU countries buy gas from Russia? After Germany, Italy is the second largest buyer of Russian gas and they both buy almost half of Russian gas production. Other EU countries too buy o like France and smaller EU nations.
You said Qatar abi, what will happen to India, Japan and South Korea that buys almost 60% of Qatar gas? Are u telling me that the remaining 40% will be OK for former Russian gas buyers in UE.
Bros e no be as u think am o, Putin's got them by the balls

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

GerogeI:
In which planet did you get your facts from? Mars?
Google is your friend.

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.