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Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with Rubles

Russia has adopted a very (VERY) Slick financial move; they have decided that "unfriendly countries" (those that have imposed economic sanctions upon Russia) can still buy Russian Gas and Oil, but the purchases must be done in Rubles.   That means those countries will have to sell currency on the Moscow Exchange!

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+1 # More Sanctions On Russia Will Destroy EuropeSkidd333 2022-03-23 18:39
https://www.moonofalabama.org/2022/03/more-sanctions-on-russia-will-destroy-europe.html#more

"To pay in ruble one first has to buy rubles. With higher demand for rubles and no change in supplies the price for the Russian currency will go up. As Russia is selling hydrocarbons and other resources for billions of dollars per day the ruble is likely to soon reach record heights.

On February 28 another round of sanctions hit Russia. The part of the Russian central bank reserves that were stored in the 'west' were frozen. The central bank immediately pushed its interest rate from 9% to 20% to prevent a flight from the ruble. This helped to lessen the damage but made credit expensive and has hit the future growth potential in Russia.

But with a high new rubles demand from the outside of Russia the central bank will soon be able to lower its interest rate to more normal levels. Credit conditions will ease and investment in Russia, to replace products that had so far been imported, will rise again."
+1 # Who's Sorry NOW ?!!!Redlist Renegade 2022-03-23 18:11
NATO : We have Met and Engaged the Enemy and he is.....US !!!
-5 # When the time comes that Russia hits the USsupporttheblue 2022-03-23 17:18
You folks playing the Russian National anthem will be singing out the other side of your mouths. Right wrong or indifferent, Russia is and always has been an enemy. Those that want to lay all of this at the feet of the US, will be praying for Russia’s destruction when you see your children and grandchildren spread out on the pavement courtesy of a Russian missile.
+4 # It is coming because of Biden.Freedom4ever 2022-03-23 19:45
Russia didn't attack us. Last time I checked Ukraine isn't a State in our Union????? THEY are pushing us to War!

Vice President Biden, covering for his son in UKRAINE!

I said, nah, I’m not going to—or, we’re not going to give you the billion dollars. They said, you have no authority. You’re not the president. The president said—I said, call him.

(Laughter.)

I said, I’m telling you, you’re not getting the billion dollars. I said, you’re not getting the billion. I’m going to be leaving here in, I think it was about six hours. I looked at them and said: I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money. Well, son of a bitch. (Laughter.) He got fired. And they put in place someone who was solid at the time.
Quoting supporttheblue:
You folks playing the Russian National anthem will be singing out the other side of your mouths. Right wrong or indifferent, Russia is and always has been an enemy. Those that want to lay all of this at the feet of the US, will be praying for Russia’s destruction when you see your children and grandchildren spread out on the pavement courtesy of a Russian missile.

Quoting supporttheblue:
You folks playing the Russian National anthem will be singing out the other side of your mouths. Right wrong or indifferent, Russia is and always has been an enemy. Those that want to lay all of this at the feet of the US, will be praying for Russia’s destruction when you see your children and grandchildren spread out on the pavement courtesy of a Russian missile.
+9 # RE: When the time comes that Russia hits the USclove 2022-03-23 18:30
China may be a bigger threat. They have told us they want our country. And are willing to kill us.
-7 # supporttheblueGQHTRS2021 2022-03-23 17:52
I agree with 100 % , Idiots are cheer leading for a Communist KGB Murderer , Who is a direct enemy of The U.S. & who along with The CCP want to kill every American & Colonize The U.S. , Hal is a big disappointment in this respect.
# RE: supporttheblueThor1776 2022-03-24 17:39
I think 99% of the people post here idiots because the only people that have ever fought against international finance and communism were the Nazis. They bombed the headquarters of international finance located in London. They invaded the USSR and asked the United States and England for help to defeat communism once and for all. And in turn the United States sent the USSR were goods to defeat the Nazis. Maybe the Azov Nazis are the only ones that are thinking clearly because they can remember what a slight to live under a stalinist rule.
-6 # AmenJohn Jones 2022-03-23 17:40
Amen brother, I dont side with Ukraine but all the worship of Putin by the moonies is nauseating.
+1 # RE: When the time comes that Russia hits the USdave1963 2022-03-23 17:36
YOU WROTE: Russia is and always has been an enemy."

You don;t know your history... SEE: https://knowledgenuts.com/how-the-russian-navy-saved-the-union-in-the-civil-war/
-4 # So did the Frenchsupporttheblue 2022-03-23 19:19
But they are not our friends either
+5 # RE: Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with RublesRockyMountainBeerMan 2022-03-23 16:47
Its like watching the world's biggest and best chess match - with only one Grandmaster playing.
+5 # Chessrogue_ 2022-03-23 17:07
Putin the Master chess player vs Biden the checkers player with missing pieces.
+4 # RE: Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with RublesRockyMountainBeerMan 2022-03-23 16:48
.
The ruble is backed by gold now, too :-D
-2 # NoJohn Jones 2022-03-23 17:41
No, it actually isn't, that was a ridiculous pipe dream and was scrapped. Russia doesn't have a fraction of the gold necessary for that and has no means to purchase any more.
-4 # MarketJohn Jones 2022-03-23 16:21
This is an attempt to prevent the Ruble collapse because Russia is going to try and start their stock market tomorrow. Again, this is for future contracts so it is irrelevant, but the timing is of note. If the Russian market collapses as expected and they need to shut it down then they will go to war.
-3 # Fuck With The..Forrest Mosby 2022-03-23 16:15
Best, suck like the rest
+6 # Rubles. Yes....BrilliantDummyemail@ me.com 2022-03-23 16:15
It now forces countries buying Russian Energy to have to exchange whatever currency for Russian Rubles there by setting a floor under the Ruble. And it will help the Russian people with more buying power.
The Evil people running the USA wanted regime change in Russia so they can steal all the resources. It has been a dream of Wall Street for decades.
+2 # but alsoGreg5000 2022-03-23 15:21
also missed.

they sanctioned the markets and banks in moscow, so they would need to open accounts with sanctioned banks
also swift sanctioned.. no way to transfer funds
+5 # Money and Gold.northshorepaul 2022-03-23 15:04
I had been hoping Russia would demand payment in Gold for all transactions involving oil and gas...and payment in advance because we all know how trustworthy the West is NOT!
+6 # RE: Money and Gold.mjc 2022-03-23 17:26
TheQuoting northshorepaul:
I had been hoping Russia would demand payment in Gold for all transactions involving oil and gas...and payment in advance because we all know how trustworthy the West is NOT!

There's where Russia can REALLY twist the knife.

They've just demanded that the EU pay for Russian natural gas in rubles. Since the EU has no alternative to Russian natural gas, the EU WILL have to buy rubles to pay for natural gas.

You've correctly pointed out Russian banks are sanctioned from SWIFT....but payments for Russian natural gas were excluded from that, since the EU cannot afford to go without the gas.

However, Russian can also demand that payments for their natural gas.......be settled using SFPS, the Chinese SWIFT alternative. Since the EU cannot afford to go without the gas, they WILL settle payment through SFPS.

The west pushed to hard.

No one ever challenged the petro-dollar or SWIFT before, because the perceived "financial nuclear" penalties (being locked out of SWIFT and the petro-dollar trade) were judged to be too high.

But the west went and imposed the "financial nuclear" penalties on Russia......which blew their deterrent to a challenge against SWIFT and the petro-dollar.

The "Law of Unintended Consequences" strikes again.
+4 # Just basic businessSBGlett77 2022-03-23 14:53
This is simply how it was done in ANY commodity before the Petrodollar monopoly, futures, options, and all the other ways that lazy people have cooked up to take advantage of someone. You just exchanged your own currency for the selling country's currency on the foreign currency exchange; cash price day of sale.

I applaud this return to shutting out all the arbitragers, hedgers, monopolists, speculators, and all the other ways of making money without working. Good for them. May this continue far past this war, and spread to all commodities.
+7 # RE: Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with RublesGunner 2022-03-23 14:52
Hahaha NICE move!!
+7 # RE: Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with RublesLambs Servant 2022-03-23 14:39
Putin is playing 3D chess after all.
-14 # "There's A Third Finger For A Reason"t.n.kuss@hotmail.com 2022-03-23 14:27
Russian Fighter Pilots "Drew the Big Dick Over the Ukraine" for the Whole World to see their "America Fuck You Very Much!" I've always heard "Women like Big Dicks." So called "Men i America have a Problem" sporting "Very Small Dicks." But then again, no problem "Cause the U.S. Government under the Biden Administration Orders American Men too "Reach Out Touching a Gay or Transgender whom Don't Judge" but will "Love You with that Small Equipment." Gosh "It's good to be an American" and remember "Gay Pride" is "What America is All About" in "Our Newly Created Woke Country." By the way are "You Awake Yet?"
+6 # Trickle down?Gregg W 2022-03-23 14:23
I wonder how this will trickle down to the rest of us?

The fools in charge will make sure ‘they’ won’t suffer unless they pass it in down to us.
+11 # :)Skidd333 2022-03-23 14:14
First news today that made me smile.

Western minions who think they control and bully the world were given enough rope to hang themselves.
-17 # The Russians want to go homeSamuel Badolato UNPAID SINCE JANUARY - SHUT OFF 07-24-2022 2022-03-23 14:11
You give them a little push to go home they will go home the Russian soldiers probably want to go home and the worst way now how would they love that start the tanks and roll across going home that's if they got enough gas they probably wouldn't mind leaving all their equipment there and going home I think he needs to lose the war with a straight face looking tough and giving him an ultimatum is an easy way for him to one reelection this will work I'm surprised George Junior didn't call up the White House with this idea it's the only way out for all parties I think that it came from somewhere else that idea to me just now
-14 # Or the 20 daysSamuel Badolato UNPAID SINCE JANUARY - SHUT OFF 07-24-2022 2022-03-23 14:04
Or nato will get together after the 20 days and reevaluate what to do with Russia if they do not leave Ukraine that's the way George Bush Senior would have did it that's the only way to do it
+7 # Bush invaded Iraq without a provocation.northshorepaul 2022-03-23 15:11
Quoting Sammy b3368:
Or nato will get together after the 20 days and reevaluate what to do with Russia if they do not leave Ukraine that's the way George Bush Senior would have did it that's the only way to do it

Russia has had a reason for the invasion based on how its citizens in the Donbass have been killed and wounded since 2014 by the Ukrainian government shelling and oppression. Bush had a fake reason, WMD that did not exist but the oil was there for his ulterior motive. Never trust a Bush.
+4 # And Russia will respond.northshorepaul 2022-03-23 15:07
If NATO were to do that I am fairly certain Putin would respond in such a manner that the West would not know what hit them because all they would see is a brilliant flash and "that's all folks"!
-6 # I never said DaddySamuel Badolato UNPAID SINCE JANUARY - SHUT OFF 07-24-2022 2022-03-23 14:01
I never said Dad in my last article
-7 # WrongJohn Jones 2022-03-23 14:00
This is just like the gold backed Ruble nonesense. This would be for NEW gas contracts, and at the end of the year Russia is not renewing those with western cou tries anyway. They are moving east.
# Yes the 1.5 BILLION Chinese will gladly take those resourcesMan of the Atom 2022-03-24 03:03
The Power of Siberia II pipeline is already on the drawing boards.

Napoleon was correct - "China is a sleeping giant but when it wakes the world will shake".
+3 # It is my understandingla0508 2022-03-23 15:22
Russia is re-writing its CURRENT contracts--same terms, except payment calculated and paid in rubles.
-3 # NoJohn Jones 2022-03-23 16:30
No, you can't re-write already signed contracts. This is an empty gesture because they are not planning on renewing European contracts anyway. They ate just trying to restart their stock market tomorrow and preventing a Ruble collapse. Won't work.
+3 # RE: Wrongmjc 2022-03-23 14:41
Quoting Housecs10:
This is just like the gold backed Ruble nonesense. This would be for NEW gas contracts, and at the end of the year Russia is not renewing those with western cou tries anyway. They are moving east.

Maybe Russia chooses to renew the contracts.
Maybe not.

The EU currently has no alternative to Russian natural gas, so the EU countries will TRY to renew the contracts.

Russia has just announced that if the EU wants to buy Russian natural gas......they will have to buy Russian rubles to pay for it.

With the stroke of a pen, Russia has just backed its currency with commodities....in this case, energy (natural gas and oil).

The same scheme has until now allowed the dollar to remain as the world's reserve currency.....the "petro-dollar". Until now.....all oil purchases had to be payed for in dollars, forcing all countries who consume oil to buy dollars (creating a perpetual demand for dollars).

THIS Russian executive order just created the petro-ruble, a direct challenger to the petro-dollar.

And since the EU has no alternative to Russian natural gas, they WILL have to buy the petro-ruble to pay for it.
# This is true - you don't need a gold standardMan of the Atom 2022-03-24 03:06
You could use silver, oil, real estate, just anything IMO.

The Chinese invented paper money but never really liked it!
-14 # I got a good ideaSamuel Badolato UNPAID SINCE JANUARY - SHUT OFF 07-24-2022 2022-03-23 14:00
Nobody knows the real Putin how he tixother than you know who and guess what here's a genius idea give the Russians an ultimatum to get out of Ukraine within 20 days or else NATO will get involved they will run out of there within the first 24 hours those pack up their bags and run the soldiers are scared to death of NATO daddy will have no choice but to leave war and trouble over with what bluff bluff bluff that's the name of the game is the place I like it like that
+7 # ??la0508 2022-03-23 15:25
Are you kidding??? If you think russians are a bunch of sissy cowards you got another think coming.
+6 # I have a better ideaCorso 2022-03-23 14:32
I am from Slovakia
I don't need Russians or NATO here.
Take your fucking NATO and go fight from the country you are in.
-2 # RE: I have a better ideaJFY 2022-03-23 19:18
.
Your country should consider getting out of NATO, possibly even the EU, and increasing the scope of the Visegrad Group.
+3 # RE: Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with RublesMPAFF 2022-03-23 13:59
Yes, the inbred are quite stupid!
+6 # Boris has been out with his shopping bag ...Lexie 2022-03-23 13:59
Boris is feeling somewhat pissed orf at the moment wherever he goes the results are negative ..so Britain will not be getting gushes of oil from anywhere ..currently considering a return to fracking.
+4 # Gives you a wonderful feelingGaryhines 2022-03-23 13:54
Hi Hal kinda gives you a wonderful feeling deep inside to that Russia Retaliated against these stupid sanctions coming from the United States.anr Europe .What you expect from idiots Hal.
+7 # RE: Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with RublesTonail 2022-03-23 13:47
Russians play chess ..joe Brandon and western selected puppets play tic tac toe
+3 # RE: Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with RublesNotthemama 2022-03-23 14:11
I would pay to see a reporter ask Brandon which tastes better, tic-tac-toe pieces or red crayons.
+2 # RE: Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with RublesMPAFF 2022-03-23 14:16
Just spewed my coffee!
+3 # Nah ...AlcoluJohn 2022-03-23 13:54
Quoting Tonail:
Russians play chess ..joe Brandon and western selected puppets play tic tac toe


Ol' Joe and his crowd play whack-a-mole -- badly. The Russian mole is one smart cookie!

 

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