jelel6:
A country, Russia that gets about 80% of economic income from selling gas wants to cut supply to buyers. How is their economy going to survive?

They won't buy in rubles and Putin won't cut supplies, unless he's completely MAD.

Your comments shows that you don't understand the gas market. Russia is the world's largest Exporter of gas..

Europe is the second largest consumer of gas after China. Russia already has long-term fixed contracts with China, South Korea, Japan, Turkey, India and Pakistan. It also exports LNG to Africa, South America, South East Asia and also to Europe.

What Europe will do, is to request Qatar to replace Russia's supplies which it will be unable to do because they don't have the same production capacity that Russia has and secondly, the cost will be almost 5-6 times more than Russian gas (piping gas is considerably cheaper that transporting as LNG via ships).

the European economy will be wrecked.

WATCHOVER:
The day those persons who supported Buhari to power, were shouting we want Joe Biden I knew United States was to be captained by people who lack management skill to govern United States. United States should not vote for Biden for second term if they want to continue hold power on the world map

That is your opinion and a cheap one at that

AroleOduduwa2:


They will settle for a middle man, the middle man will get EUR, buy Ruble and pay Russia in Ruble, it will be same outcome for Putin, strong ruble.

I expect the EU to gloat about paying in EUR without telling people Russia is getting Ruble.

Which country will be the middle man here, possibly China

Igbofam:


The Russian central bank handles payments and they are not frozen. Putin is just clutching at straws right now

Russia no longer recognise Euro and Dollars as currencies

EU is already in Spring. They cant freeze to death. Ahead of next winter, EU should strategise. Use of coal, vegetable oil are quick options aside from the massive importation of liquified natural gas.
Let Russia lock the taps and we see for how long the Russian economy can stay afloat without revenue when foreign reserves are already frozen. Let's also see how it can sustain a war under such local stringent home economy conditions.

EU can give tax waivers for the importation of LNG to keep the prices lower. These countries survive extensive months of general lockdown for several months. We will see who shifts ground first.
Airbus used cooking oil to fly plane. The end is coming to petroleum holding the world to ransom.
https://www.bbc.com/pidgin/tori-60945602#:~:text=Airbus%20say%20e%20don%20complete,cooking%20oil%20and%20waste%20fats.

Necessity is the mother of invention. During WW2, the development of the atomic bomb became a matter of urgency. MAybe Putin's war will trigger the development of alternatives to petroleum on a global scale.
Good luck to all Russians for delayed salary payments from May/June.

posty56:
you see as nobody question the source ? bunch of clowns ,make tommorow reach na their una go know

u dey mind Dem?

because it's favour Thier greed

posty56:
you see as nobody question the source ? bunch of clowns ,make tommorow reach na their una go know

Nobody question the source because its wat we already know. Its no longer news to us

Walkee:
Russia no longer recognise Euro and Dollars as currencies

But China and the rest of the world does. Talk about self isolation. They chose suicide as an option

Sltp:
They did defaulted by freezing an account.

They never froze the Russian central bank which handles all payments. So which account are you yapping about?

Househelp:
Please my fellow nairaland, old dell London used laptop for sale in Abuja, if interested please DM me

Interested,

ken6488:
that’s dumb Russia foreign reserve got frozen

Is the freezing of the foreign reserve included in the contract as what would make for a breech of contract?

Use your head and stop sounding dumb

He should go ahead and do it

Walkee:
they defaulted when they stole back the money they paid before. Almost like buying things with fake money the other party can't use. Eu will secretly buy ruble while releasing propaganda videos on twitter to deceive their own citizens. USA used their own hands to lift their fertiliser sanctions

When and where did they steal back any money from Russia?

Middle man go cash out well.

You are correct. But dont forget that when Russia is unable to earn massive income from gas supply to Europe, it will double down. It will hurt Russia more and quicker than hurt Europe which is paying more when alternative supply route is available.

mach7:
Your comments shows that you don't understand the gas market. Russia is the world's largest Exporter of gas..

Europe is the second largest consumer of gas after China. Russia already has long-term fixed contracts with China, South Korea, Japan, Turkey, India and Pakistan. It also exports LNG to Africa, South America, South East Asia and also to Europe.

What Europe will do, is to request Qatar to replace Russia's supplies which it will be unable to do because they don't have the same production capacity that Russia has and secondly, the cost will be almost 5-6 times more than Russian gas (piping gas is considerably cheaper that transporting as LNG via ships).

the European economy will be wrecked.

datemax:


Interested,

thank you I'll contact you right away

Trump warned the entire Europe, especially Germany about this. Now shit’s about to go down! Mumu people who hate Trump because the Devil’s servants tells them to do so without looking at the facts would say I’m lying. It’s a case of a blind shepherd and blind sheep.

SecretAgent7706:

https://www.telegraph.co.uk/business/2022/03/31/ftse-100-markets-live-news-russian-gas-green-energy/

SecretAgent7706:

https://www.telegraph.co.uk/business/2022/03/31/ftse-100-markets-live-news-russian-gas-green-energy/

this may get worse than covid 19.

AroleOduduwa2:
Not sure what the EU expect Putin to do, you frooze the account which he receives his payment and still want him to keep supplying you, is that not robbery, they basically want gas for free.

People need to see these people for what they are, they are theives parading themselves as world savoir.

They shot themselves in the foot when they listen to sleepy joe, same sleepyJoe that abandoned his allies when they needed help evacuating their citizens in Afghanistan

Bro u are on point,i have always being silent but u speak d truth

TwinGeek:
Pls people I need job.
Any type of job just to leave home.
I'm a professional stylist (male haircut)
But no capital to set up my own.

I ve also worked in different hotels/clubs as a waiter/Barman.
Recently the hotel I work with drop most of the staffs quoting renovation and poor business.

Been home jobless and depressed. I'd appreciate if y'all could link me up with any job.

Buy something and sell. Search for how to make plantain chips, zobo, kunu, tigernut, and put a stall in a major location and sell. You're bound to make at least 7k to 10k daily. Stop looking for job, instead look for opportunities.

SenecaTheYonger:
Omo is this the death of petrodollar.

That means Putin’s life is in grave danger

Putin is not Gadaffi

Fake news

WATCHOVER:
The day those persons who supported Buhari to power, were shouting we want Joe Biden I knew United States was to be captained by people who lack management skill to govern United States. United States should not vote for Biden for second term if they want to continue hold power on the world map

Who wants to hold power in world map?

Illiterate

Igbofam:


But China and the rest of the world does. Talk about self isolation. They chose suicide as an option

lol far from it. USD is worthless without oil. You will see how far China recognise dollars when they start buying oil from Russia and Saudi Arabia in Yuan

jelel6:
A country, Russia that gets about 80% of economic income from selling gas wants to cut supply to buyers. How is their economy going to survive?

They won't buy in rubles and Putin won't cut supplies, unless he's completely MAD.

There are truckload of buyers on queue waiting to take it. You think Russia will loose buyers if EU didn't buy? Lol.

Only China with its giant population that is bigger than USA, Canada, the whole EU countries, UK, Japan and South Korea combined will swallow all Russian oil. Also, India, Indonesia and Asia are on queue. Putin has crossed his mind from the west, he is focusing on Asia now.

Until EU leaders have balls and stop sacrificing their interest to suit their Yankee masters, they will always be punished.

Igbofam:


Is the freezing of the foreign reserve included in the contract as what would make for a breech of contract?

Use your head and stop sounding dumb

You are funny oo

So you want Russia to supply free gas?


The contract got broken the moment they sanctioned Russia foreign reserve

Chai. It's good to have nuclear weapons o.

pansophist:


Buy something and sell. Search for how to make plantain chips, zobo, kunu, tigernut, and put a stall in a major location and sell. You're bound to make at least 7k to 10k daily. Stop looking for job, instead look for opportunities.

Capital is needed to start up business na

ken6488:

You are funny oo

So you want Russia to supply free gas?


The contract got broken the moment they sanctioned Russia foreign reserve

I see that you have a personal copy of the contract between Russia and the EU nations they supply gas to. And in it you saw "sanctions to Russian foreign reserves would be regarded as a breech of this contract to supply you Russian gas"

Like I said, use your head and stop sounding dumb

josh123:
They are gradually loosing their influence. If Russia can survive this current sanction, their next move is to reclame the lost sovient union territories.

Yes. Sanctions are the price a country pays for being independent. They are not sanctioning Nigeria because its simply not an independent country. Its already defeated. If Russia withstands these sanctions (which they will), then the country will emerged to a level Frederick Nietszche describes as "ubermensch". They won't be someone's else slave, and will stand tall shoulder to shoulder with all nations on earth.

China arrived there long ago, and she is waiting for Russia (and any other country who wants to breaks free from western imperialism known as the US-led world order), with both countries creating an alternative to a global system, more countries will ally with them. The dawn for the end of western global domination had arrived.