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Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? - Foreign Affairs (7) - Nairaland

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Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by MT: 11:32am On Mar 30, 2022
Oddfinder:

At the bolded; i ask again. Does this particular 'different kind of contract agreed by both seller and buyer,enforced by the court of arbitration ' madate members to freeze Russia's (including private individuals) assets in their lands?

Court of arbitration doesn't handle sanctions. That's not their mandate. Let me give you a simple illustration, you come to my house to keep your gold, I reserve the right to tell you what I can do with your gold in case we have issues. It is up to you to determine if you still want to go ahead to keep your assets at my house. Your gold will be subjected to my local law. It is not a business, it is your sole prerogative to determine to keep your assets in my house or not.
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Hotice085: 11:33am On Mar 30, 2022
edosignature:
Russians are wise & I belief after the "Special Operations in Ukraine",/Russians will be more prosperous & the country will be envy of many nations.

Long live Russia, Long live Vladimir Putin.


Special operations with over 8 Generals dead, 10000 soldiers dead , tanks destroyed and captured and after weeks of surrounding kiev are returning home empty....what a special operation
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by DatNaijaGuy: 11:34am On Mar 30, 2022
MaximoneyXchang:
The earlier the Ukrainians understand that their place is being used as battle ground for NATO, the better they stop the war!
& for the gas, pay in the sellers choice if you need the product or keep raising your elbow and die in gas hike!

Trash
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by nedekid: 11:39am On Mar 30, 2022
seunny4lif:
Ruble is now less than 90 to Dollar from 135 since Russia made the announcement of Petrol-Ruble.

USA fought and killed many head of states that tried to change from Petrol-Dollar for the past 50 years but in just 3 weeks Biden destroyed that dream by banned Russia from access Dollars.

Hungary PM said Solidarity with Ukraine will not heat or put food on the table for Hungarians, with or without EU, Hungary need gas and no country can provide it for them except Russia.

Russia and China have been looking for way out of Dollar as way of doing businesses but it was hard for them, now they don’t even have to worry about it again.

When we will have United Africa leaders that will do things like this, we can’t be selling our resources Dollars or Euros or Pounds.
We need our own money here, we even if it’s west Africa currency or maybe we should all option for Naira grin or Cedi because CFA is a big NO, France control that money.
We need vision leaders here, Oh I forgot all the Africa leaders that have good vision have been killed like Gadaffi, Thomas Sankara etc.
Mali is trying now to start that, but same Africa leaders sanctioned Mali


How Countries are paying in Rubles grin
Well said..
Few people understand the geopolitics. You are one of them.

1 Like

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Playermayweda(m): 11:39am On Mar 30, 2022
seunny4lif:
Ruble is now less than 90 to Dollar from 135 since Russia made the announcement of Petrol-Ruble.

USA fought and killed many head of states that tried to change from Petrol-Dollar for the past 50 years but in just 3 weeks Biden destroyed that dream by banned Russia from access Dollars.

Hungary PM said Solidarity with Ukraine will not heat or put food on the table for Hungarians, with or without EU, Hungary need gas and no country can provide it for them except Russia.

Russia and China have been looking for way out of Dollar as way of doing businesses but it was hard for them, now they don’t even have to worry about it again.

When we will have United Africa leaders that will do things like this, we can’t be selling our resources Dollars or Euros or Pounds.
We need our own money here, we even if it’s west Africa currency or maybe we should all option for Naira grin or Cedi because CFA is a big NO, France control that money.
We need vision leaders here, Oh I forgot all the Africa leaders that have good vision have been killed like Gadaffi, Thomas Sankara etc.
Mali is trying now to start that, but same Africa leaders sanctioned Mali


How Countries are paying in Rubles grin

Why can't people like dis guy i quoted be the president of Nigeria, why must it be incompetent people cry cry

5 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by MaximoneyXchang(m): 11:39am On Mar 30, 2022
jrusky:


You see people like you I kept wondering how you managed to go to school and passed with your kind of brain and thinking and those 32 bollocks that click like to you imbecillic statement.

Pls was Ukrain the one that start the war?

Pls in your fish brain so you expect Russia to just invade 44million heads and they should just succim just like that for committing no offense?

Pls I ask again and again did Ukrain ever showed or provoked Russia or her territory?

So Buhari should go and invade the SE due to ipigs disturbances baa? Or Buhari should invade Zamfara being bandit haven baa? Or Fulani bitchs should invade Nigeria as planned and its fine by you baa?

Go and work on your judgement capacity, your sense of reasoning with your 34 likes bolocks is leaking.


So, with your sophisticated education, you weren’t taught manners? When will some of you learn to contribute your opinion without hurling insults on people you don’t even know??

5 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by id911(m): 11:39am On Mar 30, 2022
Dirkcoyt:


Thank God someone finally said this . When I saw his comment I’m like why is this person so stupid and retarded I felt like he’s not worthy to use a phone yet . His reasoning is so elementary I felt like slapping him through my phone ! Oh God!!! Arrrggghhhh!

Court of Arbitration or any other international court is rubbish meant for weak nation.

7 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Dirkcoyt: 11:41am On Mar 30, 2022
id911:


Court of Arbitration or any other international court is rubbish meant for weak nation. Russia won't obey any decision by such Court. In fact, there's an unwritten law not know to people, the 5 permanent members of the UN Security Council can't be harassed by these or similar courts. Even when they're taken to this Court, they can disobey their verdict and nothing, I mean nothing absolutely will happen.

He’s just spitting yarks. Court of arbitration? We are talking war you’re talking about court. They joined the court of arbitration they can revoke their membership easily . That guy is so dumb .
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by id911(m): 11:44am On Mar 30, 2022
Hotice085:


Special operations with over 8 Generals dead, 10000 soldiers dead , tanks destroyed and captured and after weeks of surrounding kiev are returning home empty....what a special operation

It's not my business what happens in Europe.

5 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Hotice085: 11:48am On Mar 30, 2022
id911:


I'm neither for or against the West or Russia. My own concern is, since the war started in Ukraine, western media are only giving us numbers of Russians dead and ammunition destroyed but silence on the number of the other party (Ukraine). Why?


Eastern media like aljeezeera, CGTN Russia state media what are they giving?
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by id911(m): 11:49am On Mar 30, 2022
Dirkcoyt:


He’s just spitting yarks. Court of arbitration? We are talking war you’re talking about court. They joined the court of arbitration they can revoke their membership easily . That guy is so dumb .

When I see some people arguing blindly with so much boldness, it makes me feel so bad about our level of enlightenment and exposure especially as it has to do with international politics and diplomacy.

4 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by id911(m): 11:52am On Mar 30, 2022
Hotice085:


Eastern media like aljeezeera, CGTN Russia state media what are they giving?

I only saw officially 1300+ on the Russian side and also confirmed by RMD but people keep saying 10000, 40000, and so on but no mention of Ukrainian dead. I don't understand

7 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Oddfinder: 11:52am On Mar 30, 2022
SKIBiNSKI:
Did you know that the UK's security services adviced Boris Johnson against bringing Lord Lebedev into the house of lords? Yet he ignored his own security personnels advice. Rish Sunak's wife is a shareholder in a Russian multi million company in Russia, Tory peer Gregg Barker earns £6 million a year working for an aluminium company own by an orligarchy friend of Putin. Their hyporcrisies is epic.

I wonder if the UK woulda taken african refugees in the way they are wellcoming Ukrainian refugees.

Boris Johnson made a joke yesterday that he is become more popular than Ukraine. cheesy
Pure truth
The UK is standing on scam,hypocrisy and propaganda
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Horus(m): 11:53am On Mar 30, 2022
The Russian central bank pegged 1 gram of gold to 5000 Rubles (currently, about 50 bucks).

At the same time, Putin made it so that Russian gas and oil can only be purchased in Rubles.

Meaning: Putin basically just pegged Russian oil and gas to gold, using paper rubles as a proxy.

Meaning: Europe will need to either buy Rubles from Putin in gold, in order to buy gas and oil, or they will have to buy directly in gold. Which means, there will soon be a lot more demand for rubles.

Currently, the forex rate for rubles to dollars is about 100:1.

But... with 5000 rubles now equaling 1 gram of gold, and oil being priced directly in gold, you're going to see a massive price disruption in these FOREX markets, in terms of how much gold a dollar can actually still buy.

Foreign countries holding our dollar debt notes in reserve will see less of a use for them, and will want to start dumping them, in order to get something more stable, something which holds its value.

Basically any currency pegged to gold now will fit the bill. Which means those countries like Japan will be dumping their dollar debt as fast as they can. They're are NOT going to go down with the ship. And they will move into more stable currencies like the Ruble.

Which will have a deflationary effect on the Ruble, making it more valuable over time.

Which means Putin will be able to re-peg the Ruble to Gold at whatever rate he wants, down the line. It's 5000 rubles today.
Tomorrow, it might be 500. And then 100. And then 10.

This also means all those excess dollars being dumped by foreign nations are about to come home and cause even worse hyperinflation than we're seeing.

Is it any wonder Biden is up on stage pleading with Europeans for regime change in Russia? He's about to have masses of angry and starving people marching through the streets here at home, demanding answers.

10 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Playermayweda(m): 11:53am On Mar 30, 2022
Hotice085:


Eastern media like aljeezeera, CGTN Russia state media what are they giving?

Better news, cnn and American news agencies are shit
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by geezynoni: 11:56am On Mar 30, 2022
Illuminatiship:
What ever happens na Dem know, super he-goats match pain me yesterday.
grin grin

1 Like

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Hotice085: 11:56am On Mar 30, 2022
id911:


I only saw officially 1300+ on the Russian side and also confirmed by RMD but people keep saying 10000, 40000, and so on but no mention of Ukrainian dead. I don't understand



Fact is I will always believe the west more than the Russians or Chinese, who in their country only have state media unlike the west where it is private
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Swiftpie: 11:57am On Mar 30, 2022
The earlier the Ukrainians understand that their place is being used as battle ground for NATO, the better they stop the war!
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Caseless: 11:57am On Mar 30, 2022
seunny4lif:
Ruble is now less than 90 to Dollar from 135 since Russia made the announcement of Petrol-Ruble.

USA fought and killed many head of states that tried to change from Petrol-Dollar for the past 50 years but in just 3 weeks Biden destroyed that dream by banned Russia from access Dollars.

Hungary PM said Solidarity with Ukraine will not heat or put food on the table for Hungarians, with or without EU, Hungary need gas and no country can provide it for them except Russia.

Russia and China have been looking for way out of Dollar as way of doing businesses but it was hard for them, now they don’t even have to worry about it again.

When we will have United Africa leaders that will do things like this, we can’t be selling our resources Dollars or Euros or Pounds.
We need our own money here, we even if it’s west Africa currency or maybe we should all option for Naira grin or Cedi because CFA is a big NO, France control that money.
We need vision leaders here, Oh I forgot all the Africa leaders that have good vision have been killed like Gadaffi, Thomas Sankara etc.
Mali is trying now to start that, but same Africa leaders sanctioned Mali


How Countries are paying in Rubles grin
ruble has appreciated in value. We don't have to sell our resources in dollars.
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Hotice085: 11:59am On Mar 30, 2022
Playermayweda:


Better news, cnn and American news agencies are shit


News from Putins kitchen and Chinese authority nia be better news, I pity your future
Even this internet better thank God for American

1 Like

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by SKIBiNSKI(m): 12:02pm On Mar 30, 2022
Oddfinder:

Pure truth
The UK is standing on scam,hypocrisy and propaganda
Absolutely! Yet trying to bully Imran khan Pakistani president to sanction Russia. cheesy
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Playermayweda(m): 12:02pm On Mar 30, 2022
Hotice085:


News from Putins kitchen and Chinese authority nia be better news, I pity your future
Even this internet better thank God for American

Lol how?
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by obailala(m): 12:02pm On Mar 30, 2022
00FFT00:


Interesting. Why have Nigerians not surged into the streets to demand an end to the carnage, both economic and security that have become their lives?.

We believe Europeans will do right for themselves if it comes to it, why not us?.

Are we finally admitting that Nigeria is populated by sub humans and dimwits?.
Nigeria is a unique situation. Even if we go out on the streets in protest, the govt wouldnt need to do anything; just give it a few days and the protesters would turn on each others over the most mundane things. So yeah, you may be right to say Nigeria Africa is sadly populated by ******

4 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by DerrickzB: 12:04pm On Mar 30, 2022
obailala:
You guys have said it all... if the gas stops flowing, Europe's economy (including that of Russia) would take an unprecedented fall. Citizens across Europe will surge into the streets demanding their leaders stop playing politics with their lives.

Russia is already trading with China and Indian and Hungary!! And they pay in rubles, Russia would emerge better and if European nations continue to do stubborn head they’d risk riots!!

To think of invading Russia is impossible bro!! They can’t even dare, Putin is ready to obliterate the world if they dare and they know!!

3 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by 24brains(m): 12:04pm On Mar 30, 2022
ojesymsym:
This is a business opportunity for any country willing to risk it and possible US sanctions.
Act as an intermediary between Russia and the "unfriendly" nations. Collect euros from them, pay Russia in Rubies and keep the profit.
igbo sense will not kill you.
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Dpharisee: 12:05pm On Mar 30, 2022
babyfaceafrica:
Please why can't USA sell cheap gas like russia? Why is Russia gas the cheapest everywhere
Geography is a major concern, Russia can pipe the gas direct to Europe from source.
America can not pipe to Europe, they will have to transport it by ship. But before you put the gas into a ship you have to use machines to compress the volume of gas by liquefaction which means for instance if you are a gas dealer who want to transport your 12.5kg cylinder from Lagos to customers in Kano the cost will be high but you can compress gas in 20 cylinders to fit into one cylinder and transport you save some cost.
Then when you get to Kano you will have to regasify that 12.5kg cylinder using regasification equipment to get your initial 20 cylinders volume. It's like soaking dry Kilishi in water to get bigger cow meat.

Remember that all the equipment from the liquefaction plant to the ship to the regasification plant will still require energy from either fuel or gas.

Compare this to the Kano customer buying gas from Niger Republic pipeline as it comes out from the soil without all the above processes straight to his house. Which of them will sell cheaper the seller in Lagos or the one in Niger Republic?

5 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Dpharisee: 12:12pm On Mar 30, 2022
Hotice085:


Fact is I will always believe the west more than the Russians or Chinese, who in their country only have state media unlike the west where it is private
It's not private in the West, only five corporation control the news in America and the owners control the US Govt

4 Likes

Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by toprealman: 12:12pm On Mar 30, 2022
This way is between Russia and the west. Te way Nigerians are going about it with the same passion they para over EU clubs is laughable.
If only Nigerians can channel a fraction of same energy to fight bad governance in Nigeria......won't we be better off?
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Invitationn: 12:15pm On Mar 30, 2022
Johnrake69:
They might try to invade Russia. Europeans can’t stand hardship
Invading Russia is not supposed to be 'hardship' you mean? grin
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by DerrickzB: 12:20pm On Mar 30, 2022
MT:
Putin cannot just wake up to unilaterally change a signed contract agreed by all parties. The contract states Russia gas would be paid for in Euros and NOT in rubles. Russia will be dragged to Court of Arbitration for resolution.

Bro, Russia has been sanctioned, why should they respect any contract Drag them to court?? Who would carry a Russian to be present in the court They’d seize their gas and Europe would freeze between months bro!!
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by Invitationn: 12:22pm On Mar 30, 2022
SKIBiNSKI:
Exactly, naigerians appears to have so much sympathy for Ukrainains and knows so much about Russia, American and UK politics and pink people's wars but knows nothing about their own failed country called naigeria.
Naigeria?? What country is that again?
Re: Ukraine: What Will Happen If EU & NATO Countries Refuse To Pay For Russia's Gas? by SKIBiNSKI(m): 12:24pm On Mar 30, 2022
Invitationn:

Naigeria?? What country is that again?
grin grin Some where in boko haram, Ipob, looting, bandit and bombing land.

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