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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / How Russia Rescued The Ruble (33165 Views)
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How Russia Rescued The Ruble by Mynd44: 10:16am On Apr 07, 2022 |
Russia said last week that it wants the European countries that buy its natural gas to make their payments in rubles, rather than dollars or euros. A month ago, that might have seemed like a pretty good deal: The ruble was down 40%, at 139 rubles to the dollar, in the wake of Russia's invasion of Ukraine.https://www.npr.org/sections/money/2022/04/05/1090920442/how-russia-rescued-the-ruble 26 Likes 2 Shares
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Re: How Russia Rescued The Ruble by Mokason288(m): 10:17am On Apr 07, 2022 |
May God almighty continue to bless PUTIN #GODOFWAR 185 Likes 10 Shares |
Re: How Russia Rescued The Ruble by Brendaniel: 10:17am On Apr 07, 2022 |
Do not underestimate a man who doesn't talk much... 250 Likes 14 Shares |
Re: How Russia Rescued The Ruble by arejibadz(m): 10:17am On Apr 07, 2022 |
Ok 4 Likes |
Re: How Russia Rescued The Ruble by Nobody: 10:17am On Apr 07, 2022 |
To the three people above me, all of una dey m@d ![]() ![]() You denied me my birth right ![]() 15 Likes 4 Shares |
Re: How Russia Rescued The Ruble by EKONGKING: 10:17am On Apr 07, 2022 |
U got to admit Putin planned this . If western Europe refuses , energy hungry India will jump at the Russian offer . America cannot sanction India as it needs India to stand up to America principle enemy which is china. Only problem is western technologies in manufacturing which will be lacking in russia ,however china will cover that deficit too. 127 Likes 6 Shares |
Re: How Russia Rescued The Ruble by BKayy: 10:17am On Apr 07, 2022 |
Una eyes don dey clear? For the chief security committee of Nairaland Western Propaganda loving forum to bring this to their forum, it means that even doubting Thomas can see the truth even if he doesn't want or like it. The question in this conflict is not how black Ignorant slaves in Africa can show different ways they can slave to the West but what they can learn from Russia. How to manage diversity, stand tall to mental manipulation through media and how to manage diversity. In Russia we see Christians, Muslims, and even atheists fighting together against the enemies of man, the Wicked demons from Western Europe that want to enslave and take other people's resources and independence. They (The West) have now imported Jihadists, Imperialists, ignorant African slaves, Nazists, ignorant redditors and all forms of vile creatures even those under Christianity to do their bidding. The three pictures are from Russia. -Muslims -Orthodox Christians and other reasonable Christians -And Atheists, united against injustice 100 Likes 8 Shares
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Re: How Russia Rescued The Ruble by WhizdomXX(m): 10:17am On Apr 07, 2022 |
Good write up. 3 Likes |
Re: How Russia Rescued The Ruble by KingSatan: 10:17am On Apr 07, 2022 |
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Re: How Russia Rescued The Ruble by HoldenCaulfield(m): 10:18am On Apr 07, 2022 |
G |
Re: How Russia Rescued The Ruble by sotall(m): 10:18am On Apr 07, 2022 |
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Re: How Russia Rescued The Ruble by FactBoyz: 10:18am On Apr 07, 2022 |
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Re: How Russia Rescued The Ruble by God1000(m): 10:18am On Apr 07, 2022 |
More sanctions are coming, the ruble isn't off the hook yet 6 Likes 5 Shares |
Re: How Russia Rescued The Ruble by Svlla: 10:18am On Apr 07, 2022 |
True Latvia had just agreed to pay for gas with Ruoble, same with Hungary, Serbia, Turkey and Belarus if this continue and more EU joins to pay for gas in Rouble I believe it will strengthen the Rouble more As for Rouble being the Potemkin currency, it depends on the Russian central bank and thier abilities also the Putin gamble of paying for gas with Rouble. If it works out then the Ruoble backed by gas and crude will definitely be a hard currency and several central bank in Europe, Japan, China and others will start stocking up a Rouble Reserve. As for Russia gas supply in Europe, there's no immediate replacement of over 150BCM yearly of gas to Europe anywhere in the world. To replace Russia gas with either the gas from US or building a pipeline from Qatar will mean these 3 things 1. There's someone somewhere not getting their gas and this may cause gas price to skyrocket. 2. Europe will have to pay more for American gas delivered to them in shipments from US, including logistics cost. Europe may have to pay up to 4times more for this gas. And still US won't be able to completely replace 150BCM of gas that EU gets from Russia 3. Gas infrastructure and pipeline from Qatar will take time to deliver and no matter the route, the nearly 7,000km gas pipeline will still encounter some encumbrances, and transit nations(Most likely Saudi Arabia, Iraq, Turkey, Central Europe nations) will be paid too. GasRuoble may work, and it will for Russia and help their economy in the long run modified Current exchange Dollar to Rouble 77 Euro to Rouble 83 95 Likes 9 Shares |
Re: How Russia Rescued The Ruble by 1bunne4lif(m): 10:18am On Apr 07, 2022 |
Ok |
Re: How Russia Rescued The Ruble by Teaser4(m): 10:18am On Apr 07, 2022 |
Hahahaha, dem think say rubble go crash, una never see anything…. Next sanctions go include Putin’s Dog and Bear, fvcktards 92 Likes 2 Shares
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Re: How Russia Rescued The Ruble by Amuluonyenaego: 10:18am On Apr 07, 2022 |
Their headache 2 Likes 1 Share |
Re: How Russia Rescued The Ruble by seanwilliam(m): 10:19am On Apr 07, 2022 |
All I know is that , in 6 months , Somalia will be better economically than Russia 10 Likes 2 Shares |
Re: How Russia Rescued The Ruble by englishmart(m): 10:19am On Apr 07, 2022 |
Russia occupies more than 60% of Europe's landmass. Europe depend greatly on Russia for food and energy. Russia is not a pushover nation like the entire African nations put together. If the war lingers, even #1 will be equal to $1. Maybe this was what Buhari presaged 75 Likes 3 Shares |
Re: How Russia Rescued The Ruble by sapientia(m): 10:19am On Apr 07, 2022 |
The rate is fixed and maintained by their central bank Tradings halted with high interest rate Let's see how long they can hold it The sanctions of 2014 though small didn't manifest in Russia till coming years Edit: It's official, Putin Fan bots don't ever read, a look at the title and many of them are already spewing rubbish 8 Likes 1 Share |
Re: How Russia Rescued The Ruble by Way4orward: 10:19am On Apr 07, 2022 |
PUTIN has put it 10 Likes |
Re: How Russia Rescued The Ruble by OBAGADAFFI: 10:19am On Apr 07, 2022 |
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Re: How Russia Rescued The Ruble by Seyiemath(m): 10:20am On Apr 07, 2022 |
all lies |
Re: How Russia Rescued The Ruble by Kingpin1000: 10:20am On Apr 07, 2022 |
space bookers.. There is a daft person up there that says Somalia will better than Russia in 6 months. That person is so daft that He doesn't know today is thursday.. The person is so stupid to know that no African country is as developed as North korea. The person is so daft that He gulps in anything the western media gives to him without a pinch of salt. 85 Likes 6 Shares |
Re: How Russia Rescued The Ruble by Originality007: 10:20am On Apr 07, 2022 |
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Re: How Russia Rescued The Ruble by Mumusaphire: 10:20am On Apr 07, 2022 |
Continue deceiving yourself. 1 Like |
Re: How Russia Rescued The Ruble by Burgerlomo: 10:20am On Apr 07, 2022 |
Una eyes go soon clear 3 Likes
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Re: How Russia Rescued The Ruble by aribisala0(m): 10:21am On Apr 07, 2022 |
The state of the Naiira is not in our control w need to learn lessons. 235 Likes 1 Share |
Re: How Russia Rescued The Ruble by bakar007: 10:22am On Apr 07, 2022 |
Mynd44:The sanction won't get them anywhere ,Mr sanctions (US) secretly buying Russian crude through the backdoor at lower prices to sell to Europe at higher prices. Who be the mumu ![]() 57 Likes 2 Shares |
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