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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions (34568 Views)
Slovakia Agrees To Pay For Russian Gas In Rubles / Poland Refuses To Pay For Russian Gas In Rubles / Putin Wants Rubles For Russian Gas (2) (3) (4)
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Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by PoliteActivist: 7:47pm On Apr 22, 2022 |
Sirlancelort: He's NOT Putin. Read well. He is Putiin: VladimirPutiin |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by JohnnA1: 7:48pm On Apr 22, 2022 |
Rexymania:Strong words. 1 Like 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by anonymous1759(m): 7:49pm On Apr 22, 2022 |
Bigchristo: For the sake of your sanity don't educate these dimwits their sense of reasoning has been compromised they can't pause for a sec to analyze one or two things by themselves. 10 Likes 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by muhammaduyusufu: 7:50pm On Apr 22, 2022 |
Layi4real:and Russia's inflation rate is almost 18 percent. Putin is not shaken but Russians are. |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Nobody: 7:50pm On Apr 22, 2022 |
PoliteActivist:I am being honest. Rather, you choose to deny reality because it hurts you. When Russia proposed this switch, he clearly told them that it doesn’t breach their sanctions technically. But in reality what it does is render the sanctions ineffective while at thesame time putting the ruble in demand and insuring the funds because the payment are now made at Russian banks instead of European banks. European bank would never have agreed to convert it to ruble, again European banks can at the behest of their government place a freeze on gazprom accounts in their bank. So it’s a mechanism that defeats all the web that the Europeans weaved without technically breaching sanctions. It’s called a master stroke. 15 Likes 3 Shares |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Bigchristo: 7:51pm On Apr 22, 2022 |
anonymous1759:I totally agree with you. 5 Likes 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Bbbw: 7:52pm On Apr 22, 2022 |
If they need him then they should beg him and stop the uneccessary war they are adding fuel to 3 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Sirlancelort(m): 7:55pm On Apr 22, 2022 |
PoliteActivist: Oga sir you no know the meaning of Lol?, Na joke I dey joke. Wetin Putin wan find come NL? 2 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Nobody: 7:55pm On Apr 22, 2022 |
Underrated comment . Truly mugu must pay NwaNimo1: 2 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by maasoap(m): 7:55pm On Apr 22, 2022 |
God1000: Boring and stale. When they eventually stop buying it, we can discuss it 6 Likes 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by professorkk: 8:00pm On Apr 22, 2022 |
lol |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 8:02pm On Apr 22, 2022 |
skoskosko: No, they pay in Euros and Dollars and whatever the Russian bank does after that is their business, if they sleep better at night converting EU's Euros and Dollars payment into Rubbles, that's their problem. It doesn't even matter where they open accounts, they are still paying in Euros and Dollars. PERIOD. LONDON, April 22 (Reuters) - Britain will allow payments to Gazprombank and its subsidiaries for gas going to European Union countries until the end of May Treasury document showed on Friday. This is the Uk allowing payments till Next month when the ban kicks permanently. These are temporary reprieves so I don't even see the big deal here, bottom line, UK and the EU are buying less Russian gas and crude, they are also aggressively developing other sources and suppliers, it's just a matter of tie before full energy embargo is slammed on Putin. |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by IgOga(m): 8:04pm On Apr 22, 2022 |
God1000: Lol...child Germany said thesame 8 years ago...in 8 years they bought more gas than when they made the threat. Do you know more Russian gas was bought in April 2022 than March 2022? Europe has no choice but to trade with Russia otherwise the people will rise against their leaders 2 Likes 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Abfinest007(m): 8:06pm On Apr 22, 2022 |
It is finished |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by 2mNaira: 8:07pm On Apr 22, 2022 |
plaindealer: In this new arrangement, the EU will open a rubble account in a Russian bank and pay Euro or dollar to buy rubble from a Russian bank an the appropriate exchange rate. Then pay into their Rubble account. To make things faster, the bank will accept Euro and dollar from them and credit their Rubble account with the appropriate Rubble amount at the appropriate exchange rate. It is the same effect as is they bought rubble with Euro and dollar and paid into their Rubble account. This means the demand for rubble will rise sharply. It means the bank will work behind the seen to source for rubble for them. Rubble will rise sharply. It is true they are still paying in euro and dollar, but the mechanism for the payment has changed. The new mechanism will increase demand for rubble thereby increasing t the value or rubble. 12 Likes 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Treadway: 8:10pm On Apr 22, 2022 |
skoskosko:please, don't bother explaining yourself anymore than you already have. The fellow who first came with the theory that the topic is misleading, has already highlighted by himself in his own post, how this was what Russia demanded, and how this is what the EU are now going to do. The fact is EU payments (if they like they should pay in Naira) will be converted to Rubles (which is now pegged to gold, not pounds, euro or dollar) going forward, a process that is different from the old way and that will strengthen the Ruble. Let anyone who wants to interpret this as a dismissal, and not an agreement which it is, do so however they wish. 11 Likes 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by IgOga(m): 8:11pm On Apr 22, 2022 |
texazzpete: Lol.... ....they have to open a ruble account. They can fund it in any currency. If you open dollar account in Nigeria....you pay your naira and the bank converts it to dollars.....Europe is selling euro to the bank and buying Rubble.....if you understand forex you will not be talking nonsense....na Putin design the plan for them... give me free euro and I will give you my ruble that you want to devalue 12 Likes 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Treadway: 8:11pm On Apr 22, 2022 |
2mNaira:the 'smart' geng on nland no go gree na. Dem sabi book sotey, book dey fear dey disguise sef 1 Like 1 Share |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by Nobody: 8:12pm On Apr 22, 2022 |
plaindealer:Just because you don’t like it, doesn’t change that the new mechanism has been implemented. I will not go back and fro explaining what this achieves. Below are screenshots of the European text on the mechanism. Why do you think the ruble is just running away with gains against the dollar and euro? There is now strong demands for it, the payments are now more secured in a Russian bank and the CBR which was sanctioned is now involved too. 5 Likes 1 Share
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Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by ken6488(m): 8:13pm On Apr 22, 2022 |
plaindealer:stop disgracing your self They are following Putin order according Opening account in Russia you take euro their and get rubbles seems like you don’t understand English 7 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by sonofElElyon: 8:14pm On Apr 22, 2022 |
WriterNig: I laugh in Russian |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by frog12: 8:17pm On Apr 22, 2022 |
so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh so RUSSIA wins. heheheheheheheheh 5 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by bkool7(m): 8:19pm On Apr 22, 2022 |
The carrot Putin is dangling is irresistible. Russia'oil and gas are the cheapest in the world right now. That's a big factor It's every man for himself after all 7 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by mabeni(m): 8:20pm On Apr 22, 2022 |
Selfish set of people and countries. You sanctioned them on everything but why not sanction their gas too? 5 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by ken6488(m): 8:25pm On Apr 22, 2022 |
pargelenis:Kiev is not the target Russia will annex southern Ukraine You can go and cry If Russia can’t take Kiev he will sink Kiev 4 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by tonididdy(m): 8:26pm On Apr 22, 2022 |
PoliteActivist:After Una go say Putin is evil. If I were Putin, you must denounce nato other wise no gas for you. 2 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by ebufa: 8:27pm On Apr 22, 2022 |
God1000: no be the beginning of the year we dey so....where is the german oil boycott! |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by ebufa: 8:30pm On Apr 22, 2022 |
plaindealer: You are functionally an economic illiterate....please do not comment further on this topic! 6 Likes |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 8:30pm On Apr 22, 2022 |
2mNaira: No, you are actually confusing yourself, or just did not read and comprehend the article and its content to start with. There's a reason why they say they are not breaking UE's sanctions and the reason is the fact that they are not paying in Rubbles, but paying in Euros and Dollars. It doesn't even matter what bank they send their payments to, it could even be Polaris in Nigeria, it doesn't matter as long as the payments remain in Euros and Dollars. No need for a needless argument, you have any proof to show that they are paying in Rubbles, please let us see that proof. |
Re: EU Agrees To Pay For Russian Gas In Rubles Without Breaching Sanctions by plaindealer: 8:32pm On Apr 22, 2022 |
ebufa: Obviously, with your meager, ignorant and unintelligent contribution, the highlighted is what you see in the mirror every morning. |
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