The first country in Europe to pay for gas to Russia in rubles

[DanWalker]

According to media reports, the Vatican Bank has accepted payments for Russian gas in rubles.
The source also said that the Vatican bought rubles from the Central Bank of Russia for the equivalent of 10 million euros and that the Vatican has completed all the necessary steps in the method of purchasing gas in rubles.

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect. It can be said that European sanctions against Russia have failed.

source: https://iravaban.net/en/375887.html

[bittraffic]

There is no option for to get gas from Russia but to buy rubles to buy gas. This will eventually make the rubles price soar especially if the Russia makes its demand higher as well. In the end the world will be more decentralize in some way which every country can also do the same decreasing the dominance of USD. 

I wouldn't say “there is no tragedy in that.” because the conflict affects the EU countries that relies on gas from Russia.

[jackg]

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect. It can be said that European sanctions against Russia have failed.

What's the credibility of the source?

It seems like it'd be really risky for European countries to buy rubles now and there have been reports Russia have recently gone back on the idea of making Europe cover funds to rubles to buy oil - there's a chance some did and it did nothing to the value too.

Russia already shot itself economically by going to war, most of its currency's collapse was für to that and not directly to sanctions (though sanctions have helped to make it more desperate for resources it needs to repair damaged equipment).

I don't think sanctions would do much to Russia anyway though, they're not very strong and there isn't enough agreement between countries for them to be effective.

Edit: with all this being said, isn't sugar and wheat running low on Russia - euros and crude oil aren't very tasty or nutricious?

[Moneyprism]

if it's the Vatican, maybe they will get special treatment by Europe,,, because they are a holy city that is free from political interference.. so when they buy gas with rubles, Europe will not have a problem with that

[Poker Player]

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect. It can be said that European sanctions against Russia have failed.

What's the credibility of the source?

There are other articles about it:

Vatican bank transferred 10M Euros to buy Rubles from the Central Bank of Russia to pay for gas - media

The Vatican was the first in Europe to pay Russia for gas in rubles

but they don't seem very reliable, and actually, the first one that pops up on google when you search says:

No, The Vatican Is Not Paying For Russian Gas In Rubles.

The "source" of the fake news seems to be a tweet.

[_act_]

There is live updates about Ukraine war on news like BBC and CNN, try and read such news than reading rumours, no news related to that yet, if Vatican want to start accepting ruble, it will be on the news.

There is no option for to get gas from Russia but to buy rubles to buy gas.

This is impromptu, the reason EU still depends on Russia fossil fuels, EU promise to stop import from Russia by 2027 (I do not remember the actual year but I know it is not more than 7 years from now).

I wouldn't say “there is no tragedy in that.” because the conflict affects the EU countries that relies on gas from Russia.

That is true, but there are alternatives which they want to go for now.

[lovesmayfamilis]

There is live updates about Ukraine war on news like BBC and CNN, try and read such news than reading rumours, no news related to that yet, if Vatican want to start accepting ruble, it will be on the news.

In fact, this is yesterday's fake, which was distributed on the Internet to all sites.
But what you are suggesting is to trust the central news, which in your opinion tells the "truth", is also wrong. Today, the truth is where it is beneficial, but alas, not in the news channels.
Although unfriendly countries with Russia will have to pay in rubles not only for gas but later for grain, as well as for everything that will be supplied by Russia.

[Leviathan.007]

I don't know a lot about policies inside the Vatican but as far as we know about this country they usually don't really care about political staff and putting any country under sanction or stopping trading with any country because they try to stay away from the war and political stuff and the reason could be clear, in Vatican everything based in religion and they just want to keep their doing theirs without of involving into any tensions with other countries. however and even after all this, I was expecting much more from them.

[bittraffic]

I don't know a lot about policies inside the Vatican but as far as we know about this country they usually don't really care about political staff and putting any country under sanction or stopping trading with any country because they try to stay away from the war and political stuff and the reason could be clear, in Vatican everything based in religion and they just want to keep their doing theirs without of involving into any tensions with other countries. however and even after all this, I was expecting much more from them.

Actually this is the most political country which even Royal family and US presidents beg at the Pope. I think other countries will look at the action of Vatican as a message to the leaders about what they need to do. Its about following what God says.

I wouldn't say “there is no tragedy in that.” because the conflict affects the EU countries that relies on gas from Russia.

That is true, but there are alternatives which they want to go for now.

The alternative is always there even solar and wind energy is an alternative asmuch as they look on biogas. Importing from US is an alternative but this is costly which they also knew it comes from Russia.
Its still in the news that US importing gas from Russia. Can't verify that information but its in the news. They can't just breach a gas deal/contract because there is a war and sanctions.

[Husires]

Two days have passed since this news, and I do not think that countries will commit themselves to paying in rubles, but this does not mean that the possibility of payment in dollars will continue.
European countries cannot do without Russian gas, nor can Russia according to the flow of gas.
The solution will be in a central region if the confrontations in Ukraine decrease.

[kryptqnick]

I googled it, and the first link online I got what on how the Vatican isn't paying in rubles . The report of it doing so was based on a tweet which turned out to be a joke, but some media fell for it, so it became widely spread. I see that people in the thread also point out the questionable credibility of this news, and it seems that they're right to do so. As for the question about gas and rubles, if you mean the first country in Europe geographically, then I'm sure Serbia won't mind, as it's already very pro-Russian. If you mean the EU, it seems to me that they're against rubles, but that there's a workaround via Gazprombank, so that EU countries can pay in euros, and the bank can convert the payments to rubles.
In the meantime, we have the first EU country that abandoned Russian gas despite being heavily dependent on it: Lithuania.

[teosanru]

Here is a rather credible source clearly stating that this news sparked after a tweet went viral and in fact the tweet owner has apologized as well, here is the link to that post:  https://oilprice.com/Latest-Energy-News/World-News/No-The-Vatican-Is-Not-Paying-For-Russian-Gas-In-Rubles.html

European countries are pretty strong when it comes to Union, you won't really see a country just defying the sanctions without notifying the Union about it, if some country is facing such an issue with any resource the other countries will definitely come to help and arrange that resource for that country. But yes if in future any such thing happens then it won't only be a domino effect but in fact a win for Russia as it's economy would become stronger instead of going into isolation.

[cryptomaniac_xxx]

If this is fake news then someone behind is doing some propaganda for the Russia to send message that somewhat the sanctions have failed.

But thanks as well to social media, we know that this is not going to happen and it's unlikely that the Vatican is willing to take the risk with the Russians, because this seems to be a suicide on their side to help and aid them in this war.

[Hamphser]

Here is a rather credible source clearly stating that this news sparked after a tweet went viral and in fact the tweet owner has apologized as well, here is the link to that post:  https://oilprice.com/Latest-Energy-News/World-News/No-The-Vatican-Is-Not-Paying-For-Russian-Gas-In-Rubles.html

European countries are pretty strong when it comes to Union, you won't really see a country just defying the sanctions without notifying the Union about it, if some country is facing such an issue with any resource the other countries will definitely come to help and arrange that resource for that country. But yes if in future any such thing happens then it won't only be a domino effect but in fact a win for Russia as it's economy would become stronger instead of going into isolation.

Main thing that i do have in mind on knowing about such news on where a certain country did make out such decision which could definitely made out some domino effect but luckily it was really just some fake news.

Of course if one of the countries will really be having problems then the Union would surely be finding ways on supporting that one just as long it wont really be able to get some help or option on dealing with
Russia and its true that there are several various sources for gas which it wont really be that much a big problem for Vatican to see some solution of that problem.

[stompix]

Actually this is the most political country which even Royal family and US presidents beg at the Pope. I think other countries will look at the action of Vatican as a message to the leaders about what they need to do. Its about following what God says.

Oh for god's sake!
The queen is the head of the Church of England, which is Anglican.
The queen "begging" the Pope is the same as Xi kneeling and praying before the Grand Mufti of Saudi Arabia.

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect.

Let me tell you about a real, confirmed domino effect:
Lithuania ceasing all Russian gas imports for domestic needs


Second, the Vatican does not buy gas, it gets both water and electricity from Italy.
Seriously people, have you ever been there, seen any gas and oil pipes going through San Pietro Plazza?
Oh wait, should have asked a far simpler question, do you even know what the Vatican is?

[gantez]

It is a joke



I wanted to have the real knowledge but it is not real that it happened. It may be an April fool joke that the media got to it and it spread. The media can be one of the source for knews not verified. So it was a joke from the information that I got above.

[merchantofzeny]

Do winters in Rome get cold enough to require heating? And the Vatican city itself is so tiny it probably don't have a pipeline directly from Russia and instead buys the gas from Italy. I don't think they'd even be worrying about this so like most said here, it's likely an April Fool's joke or some propaganda hoax.

If this is fake news then someone behind is doing some propaganda for the Russia to send message that somewhat the sanctions have failed.

But thanks as well to social media, we know that this is not going to happen and it's unlikely that the Vatican is willing to take the risk with the Russians, because this seems to be a suicide on their side to help and aid them in this war.

That's a possibility. The Vatican would lose whatever remaining moral ground they have if it is suspected that they are supporting this war.

if it's the Vatican, maybe they will get special treatment by Europe,,, because they are a holy city that is free from political interference.. so when they buy gas with rubles, Europe will not have a problem with that

Nah, no one in Europe cares shit what the Vatican says.

[DVlog]

According to media reports, the Vatican Bank has accepted payments for Russian gas in rubles.
The source also said that the Vatican bought rubles from the Central Bank of Russia for the equivalent of 10 million euros and that the Vatican has completed all the necessary steps in the method of purchasing gas in rubles.

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect. It can be said that European sanctions against Russia have failed.

source: https://iravaban.net/en/375887.html

So western sanctions failed to destroy the Russian economy. Now it seems this war was actually profitable for Putin. All those who were calling Putin a mad man and responsible for the downfall of Russia's economy now can enjoy the flourishment of rubles. West can try to find an alternative to Russian gas but they will never match the cost of Russian gas.

[fiulpro]

According to media reports, the Vatican Bank has accepted payments for Russian gas in rubles.
The source also said that the Vatican bought rubles from the Central Bank of Russia for the equivalent of 10 million euros and that the Vatican has completed all the necessary steps in the method of purchasing gas in rubles.

Currently the news has not been confirmed by either party, but if this is true and creates a domino effect. It can be said that European sanctions against Russia have failed.

source: https://iravaban.net/en/375887.html

So western sanctions failed to destroy the Russian economy. Now it seems this war was actually profitable for Putin. All those who were calling Putin a mad man and responsible for the downfall of Russia's economy now can enjoy the flourishment of rubles. West can try to find an alternative to Russian gas but they will never match the cost of Russian gas.

Fortunately you are wrong.
Russians do have bear the weight of the sanctions ofcourse and their economy is not just being destroyed but also these are causing long term effects. Some countries would ofcourse agree to pay them in rubles but this would only give a small pump to their already destroyed economy.
There is definitely a rebound of Russian Ruble and the price is increasing but this does not mean that the value would go back even if there are countries like India, China they would still need much more support to make their economy better and stronger.

It is a joke



I wanted to have the real knowledge but it is not real that it happened. It may be an April fool joke that the media got to it and it spread. The media can be one of the source for knews not verified. So it was a joke from the information that I got above.

Now this is something that might cause probelms, people spreading such jokes causes problems overall and it ends up influencing the people in a negative way for sure. Therefore one must be really careful while spreading such information!!

[DrBeer]

Everyone understands perfectly well that normal countries will not pay for raw materials that are supplied under contracts, which clearly indicate the mechanism of payment in Euros, for worthless rubles. Only those countries whose government is either bought by Russia or is on the hook will accept the ultimatum (many have the sins of illegal connections with Kremlin criminals in their hearts). The rest - they just sent a crazy dwarf from the bunker to hell, and continued to pay according to the signed contract

By the way, think about why Frau Merkel so persistently curtailed nuclear energy in Germany, and "accidentally" replaced it with hydrocarbons ... oh ... precisely from Russia? And for one thing, remember where her predecessor Gerhard Schroeder settled down ?!