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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / EU Brands Russian Gas Halt 'blackmail', Working On Response (497 Views)
EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions / Lithuania Abandons Russian Gas. First European Nation To Do So. / Putin Wants Rubles For Russian Gas (2) (3) (4)
EU Brands Russian Gas Halt 'blackmail', Working On Response by Agbegbaorogboye: 12:04pm On Apr 28, 2022 |
BRUSSELS, April 27 (Reuters) - The EU's chief executive on Wednesday branded as "blackmail" Russian giant Gazprom's move to halt supplies to some European customers, but said the bloc was working on a coordinated response to Moscow's escalation.Lalasticlala, Mynd44 https://www.reuters.com/world/europe/eu-says-russian-gas-halt-is-attempt-use-fuel-blackmail-2022-04-27/ 1 Like |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by Agbegbaorogboye: 12:04pm On Apr 28, 2022 |
plaindealer, seems EU is wailing here 9 Likes |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by seunny4lif(m): 12:11pm On Apr 28, 2022 |
Blackmail? Poland is whining like a child, after same Poland was complaining they want to end Russia gas importation and Russia did it for Poland without stress They all want Russia cheap gas as Norway and Qatar are expensive X3 of what Russia gas price. 11 Likes 1 Share |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by Puremaker8: 12:59pm On Apr 28, 2022 |
Why wailing, go and get your gas elsewhere, sebi Russia na your enemy? After all you all want to cripple them, you should have halted buying gas from them from the start of this war. These oyinbos self are dumber than I thought, Na USA wan push all na enter fire. 14 Likes 1 Share |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by sunboy(m): 1:30pm On Apr 28, 2022 |
This should have been expected though. They are under sanctions, you want to keep paying in USD or Euro that they don’t have access to. And they are trying to boost their currency value… that’s a tit for tat where two people are playing the game. I don’t see no blackmails here, I see hypocrites here. I would have expected the EU to leave some banks that’s facilitating their payment for gas out of the sanctions so Russia can have access to that, but you can’t block all their avenues and expect them not to react with though. Been wondering why Canada is not yet selling its abundant oil and gas to EU during this period ? The Nigerian has too ? 7 Likes 1 Share |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by Jimasun: 3:16pm On Apr 28, 2022 |
sunboy:It doesn't make sense economically to import from Canada or Nigeria the whole volume Russia supplies them. First, I doubt both countries have the capacity. Secondly, it will make gas price x2 of Russian's price. The effect on European economy would be horrible. Asian giants would knock off your products from many markets with price . Europeans can't do without Russian cheap gas 1 Like |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by ariesbull: 3:19pm On Apr 28, 2022 |
very dumb..I wonder how they colonised people Puremaker8: 2 Likes |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by sunboy(m): 3:20pm On Apr 28, 2022 |
Jimasun: I know it doesn’t make sense, cost and time benefits consideration. We really are not talking about what’s sensible now, we are talking about their survival without Russia. Cost don’t matter anymore when it’s about survival, Atleast for the short run. |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by hayzed19(m): 3:21pm On Apr 28, 2022 |
The EU wants to have their cake and eat it too. You sanction a country in order to devastate its economy in order to demonstrate that you are the big boy, thus Putin should fold his hands and do nothing. Pay in Roubles for Gas or go somewhere else. Lobatan 2 Likes |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by Jimasun: 3:36pm On Apr 28, 2022 |
sunboy:Yes, I get your point sir. |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by sapientia(m): 4:49pm On Apr 28, 2022 |
No matter how this turns out, Russia have shot itself in the foot It would have been their advantage is they are the only country that can supply gas Better a costly gas than a cheap gas that can be used to blackmail you With time, we will see how they are gonna replace EU market |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by ken6488(m): 5:43pm On Apr 28, 2022 |
Why wailing I thought Poland wanted to end gas supply Russia just make their wish come true 4 Likes 1 Share |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by ken6488(m): 5:46pm On Apr 28, 2022 |
sapientia:. Asia is about to destroy Asia economic No mathematical how you hide the truth You can’t change the fact, costs of production and life will sky rocket or in asia 1 Like 1 Share |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by Hanibbal(m): 6:04pm On Apr 28, 2022 |
sapientia: EU will stop running into problems the moment they stop allowing US to dictate to them. Why would you strangle yourself just because US wants to use an opportunity to bring its enemy down. 4 Likes 1 Share |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by sapientia(m): 6:22pm On Apr 28, 2022 |
Hanibbal: Is it EU that invaded Ukraine? Or you would have been happy if everyone left them to bear the aggression of an expansionist? |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by VictorUSA(m): 6:47pm On Apr 28, 2022 |
Russia is just shooting itself in the foot.They may be able to do a harm on EU now, but it will affect Russia in the long term.Once all this normalizes and alternitives are found, Russia will beg to sell its oil a dollar per barrel to EU. |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by Hanibbal(m): 7:10pm On Apr 28, 2022 |
sapientia: Well it's common sense. I can't constrict myself because of anyone. They've been seizing Russian assets and lobbying their companies that have supply chains in Russia to close up and end their services isn't that enough? must you strangle yourselves too when you know this gas is important for your economy to keep running. 3 Likes 2 Shares |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by panafrican(m): 7:32pm On Apr 28, 2022 |
" Working on Response " So you guys thought the Russians would just sit there doing nothing when you are imposing sanctions on them ? 3 Likes 1 Share |
Re: EU Brands Russian Gas Halt 'blackmail', Working On Response by Appleyard(m): 12:36am On Apr 29, 2022 |
seunny4lif: It's obvious Poland and much of the EU are ruled by incompetent shenanigans cum politicians. Calling this blackmail is utter nonesense and outrightly funny. Heck, they are even threatening legal actions. because they understand the implications of paying in Rubles. Here is the catch: The Russian demand that EU pay in Rubles means the Russians can raise the exchange rate during the conversion process. This means, a friendly country like Hungary may pay for it's gas in Euro exchanged to Ruble charged at lesser exchange rate compared to Germany paying for the same gas in Euro converted to Ruble but at a higher exchange value. The EU guys understand this scheme hence their staunch refusal not to go with the scheme. But unfortunately, you can't replace Russian cheap energy for pure economic reasons. They have the option of paying Gazprom with Euros and then convert allow the company to do the conversion. But sadly, Russia still have them by the balls. Even if they deposit the funds in Euros into Gazprom account and leave Gazprom to do the conversion from Euro to Ruble itself, the Russian Central Bank could still raise the value of the Ruble and the EU country involved would have to pay for the shortage remaining by the time the conversion is done on the new Ruble value. So either way, they're screwed. As for Poland, they simply do not have sufficient LNG terminals right now to stay fully independent away from Russian gas. They will do so eventually with the Norwegian pipe coming through Denmark, but the fact remains that for the time being, they will have to get their gas from wherever they seem fit at 3 times the price they usually pay for direct Russian gas. We know what that means for their industrial productivity and product price competitiveness in the open market. Things are already running high in the country and this recent Russian gas cut would only send inflation through the roof. No wonder they're threatening legal actions. 3 Likes |
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