Pay in rubles or have your gas shut off by April

[DrBeer]

Russia can do various things because they have the power and natural resources that Europe really needs, this is what Russia is not afraid of economic sanctions from Europe or the USA, especially Europe's dependence on Russian gas for decades so that it becomes a political force that is hard to beat.

Russia is not as independent from other world as it might look at a glance. We all know that they have huge supplies of recourses, but having them is not enough. They cant fence off everyone and live their own life. Because one day they will run out of necessary imported goods. They need to get imported goods back and they need resource buyers. Simple economy basics.

Right now a lot of Russians think: We have a lot of resources, we will wait until Europe runs of of gas or petrol, wait till winter and everything will get back. On the other hand, Europe can spend a lot of money to build a system that will substitute gas with electricity for heating, or to build pipes that will allow to get gas from somewhere else, or find a way to substitute supplier. What can Russia do when they run out of spare parts, electronic stuff for devices and everything else? It will take more time to develop and produce all these from very beginning, than, for example, for Europe to build a gas pipe from Canada or Iran.

This might be childing explanation, but I hope you get the overall idea.

The economy and domestic market of Russia is one of the most import-dependent in the world! In fact, there is no closed-cycle production in Russia. They cannot produce 95% of goods and services without Western components, technologies... Have you ever been to Russia? Let me explain - if you go into an average apartment, inside of 100% of the available things, 99% will be IMPORTED or made from imported components, or produced using foreign technologies, on foreign equipment, under the control of Western specialists ... I have relatives living there, Novosibirsk. the third largest city in Russia. Relatives "hysterical patriots". They argued, went to count how many "Russian things" they have in the house. At first, almost all things were "Russian" Then they started to figure it out, do you know what turned out to be Russian in the whole apartment? Several cans of Russian-made CANNED from a Russian factory. True, I will assume that there is imported equipment !!!!!! Here is the "greatness" of Russia!

[Tahsin Kabir Kollol]

The world is currently going through a nerve war and its effects are beginning to be felt worldwide. As a result of the Ukraine war, the United States and its Western allies have imposed various sanctions on Russia in order to corner Russia. Russia, on the other hand, is trying to stem the ruble's decline through its oil, gas, and other exports. By cutting off oil and gas supplies, Russia is currently trying to put pressure on Europe and gain its support. Europe would rather not be cold and obviously, it needs gas there, then again, they additionally certainly need to affect Russia yet without a doubt Putin isn't excessively shallow and he has pondered this cautiously.

[bakasabo]

Russia can do various things because they have the power and natural resources that Europe really needs, this is what Russia is not afraid of economic sanctions from Europe or the USA, especially Europe's dependence on Russian gas for decades so that it becomes a political force that is hard to beat.

Russia is not as independent from other world as it might look at a glance. We all know that they have huge supplies of recourses, but having them is not enough. They cant fence off everyone and live their own life. Because one day they will run out of necessary imported goods. They need to get imported goods back and they need resource buyers. Simple economy basics.

Right now a lot of Russians think: We have a lot of resources, we will wait until Europe runs of of gas or petrol, wait till winter and everything will get back. On the other hand, Europe can spend a lot of money to build a system that will substitute gas with electricity for heating, or to build pipes that will allow to get gas from somewhere else, or find a way to substitute supplier. What can Russia do when they run out of spare parts, electronic stuff for devices and everything else? It will take more time to develop and produce all these from very beginning, than, for example, for Europe to build a gas pipe from Canada or Iran.

This might be childing explanation, but I hope you get the overall idea.

The economy and domestic market of Russia is one of the most import-dependent in the world! In fact, there is no closed-cycle production in Russia. They cannot produce 95% of goods and services without Western components, technologies... Have you ever been to Russia? Let me explain - if you go into an average apartment, inside of 100% of the available things, 99% will be IMPORTED or made from imported components, or produced using foreign technologies, on foreign equipment, under the control of Western specialists ... I have relatives living there, Novosibirsk. the third largest city in Russia. Relatives "hysterical patriots". They argued, went to count how many "Russian things" they have in the house. At first, almost all things were "Russian" Then they started to figure it out, do you know what turned out to be Russian in the whole apartment? Several cans of Russian-made CANNED from a Russian factory. True, I will assume that there is imported equipment !!!!!! Here is the "greatness" of Russia!

I've been in Russia about 20 years ago. Never really desired to visit it (except Moscow or St. Petersburg maybe), as it wont be very different from my hometown.

The fact that most of goods in Russia are imported does not mean that Russia can not produce them by themselves. That is only because it was cheap to get these goods imported, than to develop a production "at home". With my post I wanted to tell, that it will take, lets say 5 or 20 years, to start a production of most imported goods, when it will take less than 5 years to substitute Russian gas pipes and oil.

[777Jolami]

European countries would have to accept Russia's terms and agree to pay for Russian gas in rubles.  If they refuse Russian gas, Europe will suffer a huge gas shortage, the signs of this are already present.  Power has started to be interrupted, businesses that use gas as a chemical raw material will have to stop.  Putin's decision to switch to the ruble causes trouble for the EU

[stompix]

LOL.. I think you are still living in the 19th century. Dude, that era is long gone, when Europeans could do whatever they wanted. Most of the European countries don't even have a proper army nowadays and are entirely dependent on the United States for their defense deals. Within a few weeks, all these media hype about heroic Ukrainian defense will fall apart and Putin will walk away with half of Ukraine. Europeans will be left with another 10 million economic migrants from Ukraine, which will add further strain to the budget (that is already under pressure from the raising gas and oil prices).

Quoting again one armchair general who knows it all..

Obviously, since all you do it take guess you've ignored my offer to put your money where your mount is but a bit of public flogging is still what you deserve. It's been a month, not a few weeks since you posted this, and what a surprise, Ukraine's defense is not falling apart and Russia hasn't conquered half of Ukraine. Actually, how do you call this? 10% or 11%?



So, don't you think it's about time to quit it?

~

It is true that other countries are angry with Russia and they are imposing various sanctions on Russia. And in this situation, Russia is expected to try to export more oil and gas to China and India.

How? For god's sake, how!!?

There is only one pipeline to China has a capacity of 39 billion cubic meters it will be expanded by 2026 to 50 million.
There is no pipeline to India, Europe buys 150 billion cubic meters.
What is Russia going to do with 120 billion cubic meters, sell it to whom and how??

[budumolodim]

well, this is of course not a very good option for Europeans. The currency will have to be converted and, accordingly, the states will lose money

[Rasa nanas]

well it is a retaliation against a hostile country that imposes economic sanctions on russia. Of course a country like Germany feels this is extortion because Germany is forced to buy gas from Russia using the Russian currency, namely the ruble, and if Germany does not accept these conditions then Russia will not sell gas to Germany and gas prices in Germany will rise drastically. Among all NATO member countries Germany is a country that is in the most difficult position due to the Russian invasion of Ukraine because most of the energy in Germany is supplied by Russia.

[yhiaali3]

well it is a retaliation against a hostile country that imposes economic sanctions on russia. Of course a country like Germany feels this is extortion because Germany is forced to buy gas from Russia using the Russian currency, namely the ruble, and if Germany does not accept these conditions then Russia will not sell gas to Germany and gas prices in Germany will rise drastically. Among all NATO member countries Germany is a country that is in the most difficult position due to the Russian invasion of Ukraine because most of the energy in Germany is supplied by Russia.

In my opinion, this is not revenge. This is a normal reaction from a country subjected to harsh economic sanctions. It is not in defense of Russia or Putin's position. But you will not expect a country subjected to sanctions to stand silent, even if Russia was wrong in the decision to invade Ukraine (and it really is), but It will not remain silent about any action taken against it and will respond in kind. Russian gas is a very powerful card in Russia's hands, which Russia uses against Europe whenever it is forced to do so, and Germany is the biggest victim. Europe must find an alternative to Russian gas to get rid of the Russian pressure card.

[be.open]

Europe must find an alternative to Russian gas to get rid of the Russian pressure card.

This is an open market and Russia, as a major player, is well aware of the possibilities of each supplier of natural gas. Europe will pay for Russian gas in circumvention of its own sanctions for as long as Russia itself allows it - because Europe has no other alternatives and will not have in the foreseeable future.

In the sixth package of EU sanctions against Russia adopted today, there is not a word about natural gas, this issue is not even discussed.

What is Russia going to do with 120 billion cubic meters, sell it to whom and how??

Do you really think that it is a big problem to dispose of excess energy? Even the option of simply burning excess gas sounds much better for Russia than supplying it to Europe without payment.

Europe has frozen Russian money and is trying to steal it. This is a big mistake and it will have consequences. I think Putin will ban the export of natural gas to Germany in May (for the nationalization of Gazprom-Germany assets and for trying to pay Gazprom for gas with Gazprom's own money) and prohibit the reversal of gas to all importers in Europe who agree to buy Russian gas for rubles. "Liver Sausage" Scholz can already pack his suitcase and get ready to retire.

[Freeesta]

Putin has threatened so called unfriendly states to pay in rubles or have its gas supply shut off. It has said it doesn't buy things for free and so isn't going to charitable with its energy.
Europe has kicked against this with Germany saying its being blackmailed by this move. What other choice does Europe has with Russia alone selling about 40% of energy to the world.

When we learned this news, everyone said that none of the countries would pay in rubles for gas. What do we see today? European countries depend on Russian gas and if they do not want to freeze, they will pay in the currency that Russia chooses. Good Russia or bad, but it has gas, but Europe has no gas. We can talk a lot about this, but there is only one result - change money and buy gas.

[Paul Pogba]

The thing that makes Europe powerless to pressure Russia to stop the invasion is gas dependence, if gas is stopped then automatically a lot of industry and electricity in many European countries will stop and the losses are certainly bigger, of course it is very difficult to find a substitute country for gas supply.

[tygeade]

Europe must find an alternative to Russian gas to get rid of the Russian pressure card.

This is an open market and Russia, as a major player, is well aware of the possibilities of each supplier of natural gas. Europe will pay for Russian gas in circumvention of its own sanctions for as long as Russia itself allows it - because Europe has no other alternatives and will not have in the foreseeable future.

In the sixth package of EU sanctions against Russia adopted today, there is not a word about natural gas, this issue is not even discussed.

I would guess that there could be some alternatives, I mean yeah we are seeing it not get done for now at the time being but that doesn't mean that it will have to stay that way forever. Gas is not something that only Russia has, other nations have it as well and Europe could handle a way to get it one way or another, via any nation they need to and just pay more if they have to and get this done.

Or they could just drop the need and get a lot less from somewhere else and cover the other needs some other way. It is not "impossible", quite a tough task but not impossible which means that if they want to get rid of Russia dependence, they need to find an alternative solution.

[be.open]

Europe must find an alternative to Russian gas to get rid of the Russian pressure card.

This is an open market and Russia, as a major player, is well aware of the possibilities of each supplier of natural gas. Europe will pay for Russian gas in circumvention of its own sanctions for as long as Russia itself allows it - because Europe has no other alternatives and will not have in the foreseeable future.

In the sixth package of EU sanctions against Russia adopted today, there is not a word about natural gas, this issue is not even discussed.

I would guess that there could be some alternatives, I mean yeah we are seeing it not get done for now at the time being but that doesn't mean that it will have to stay that way forever. Gas is not something that only Russia has, other nations have it as well and Europe could handle a way to get it one way or another, via any nation they need to and just pay more if they have to and get this done.

Or they could just drop the need and get a lot less from somewhere else and cover the other needs some other way. It is not "impossible", quite a tough task but not impossible which means that if they want to get rid of Russia dependence, they need to find an alternative solution.

The objective reality is that there are simply not enough volumes on the market to compensate for Europe's refusal of Russian gas - and this is not only a question of price (Europe as a whole is already forced to buy Russian gas much more expensive today than, say, a year ago). But of course there is an alternative solution - you can abandon the entire energy-intensive industry and this will significantly reduce Europe's dependence on Russian gas.

[Semar Mesem]

Russia's important step to suppress Europe is with gas, as we know that more than 50% of Europe's gas supply comes from Russian gas pipelines, so when a conflict occurs, of course, Russia will benefit, apart from Europe, Russian gas is also supplied to many countries including India.

[19Nov16]

I heard that Poland and Bulgaria were now suspended by supplying gas because they failed to pay with rubles, there was no official statement from the two countries but what I heard was that the 2 countries immediately paid with rubles, of course this was a power from Russia because of European dependence on Russian gas supply .

[wiss19]

snipped

There is a "type" of person in the world that glories Russia for some reason. I do not know the exact reason for it but they do have a Culture, so maybe it is about loving their culture or something but it could be political as well.

So, we would have to actually consider these people fans of Russia basically, and they will end up saying things like Russia will beat ANYONE in the world, some think that Russia is bigger than the west as well, or just imagine China combining forces with Russia and become bigger than the west. This is a funny thing to anyone who knows the reality, just the USA alone has bigger military power let alone other nations, but it's who they are, what can we say.

[Renampun]

The thing that makes Europe powerless to pressure Russia to stop the invasion is gas dependence, if gas is stopped then automatically a lot of industry and electricity in many European countries will stop and the losses are certainly bigger, of course it is very difficult to find a substitute country for gas supply.

I can't imagine how much damage will happen if European countries don't buy gas and oil from Russia anymore...

factories, vehicles, and also electricity are things that are very dependent on oil and gas, If this stops then activities will be paralyzed and the economic cycle will stagnate. I know it's difficult but paying in rubles they have to obey because it relates to their millions of citizens but if there is another solution they have to choose that so the sanctions on Russia can be effective.

[be.open]

Europe has frozen Russian money and is trying to steal it. This is a big mistake and it will have consequences. I think Putin will ban the export of natural gas to Germany in May (for the nationalization of Gazprom-Germany assets and for trying to pay Gazprom for gas with Gazprom's own money) and prohibit the reversal of gas to all importers in Europe who agree to buy Russian gas for rubles. "Liver Sausage" Scholz can already pack his suitcase and get ready to retire.

Well, the Russian government has approved a list of legal entities against which retaliatory sanctions will be applied. There are 31 companies on the list, among them EuRoPol GAZ S.A. - the owner of the Polish section of the Yamal-Europe gas pipeline and the German subsidiaries of Gazprom. I don't know how Germany is now going to buy and physically receive gas from Russia, even if it really wants to.

I think Germany will have to learn to live without Russian gas (or urgently reanimate Nord Stream 2, and even this is not a fact that will help).

[DrBeer]

well it is a retaliation against a hostile country that imposes economic sanctions on russia. Of course a country like Germany feels this is extortion because Germany is forced to buy gas from Russia using the Russian currency, namely the ruble, and if Germany does not accept these conditions then Russia will not sell gas to Germany and gas prices in Germany will rise drastically. Among all NATO member countries Germany is a country that is in the most difficult position due to the Russian invasion of Ukraine because most of the energy in Germany is supplied by Russia.

Germany - buys for rubles?

Are you distracted from Russian TV even for a second? Germany is very unambiguous, and back in April it said that under the terms of the contract, payment is in foreign currency and not some papers with the name ruble. And accordingly, Germany will comply with the terms of the contract, and if someone wants to fight in hysterics, pretending that he can set conditions for someone, then he can even climb the walls in his bunker. Payment only within the terms of the contract! Or can you provide evidence to the contrary? Well surprise! ))

And this link is interesting, well, to make it more interesting: The European Union confirmed the refusal to pay in rubles for gas from Russia

[be.open]

And this link is interesting, well, to make it more interesting: The European Union confirmed the refusal to pay in rubles for gas from Russia

Here is also an interesting link and a week more recent - the Prime Minister of Italy says that European companies can pay for gas in rubles.

In general, European politicians say a lot of things, but at the same time, it is not politicians, but commercial companies that conclude contracts for the supply of gas.