Originally Posted by JohnBurns
Originally Posted by Houston_2
The gas is still flowing.


But Rubble Rubles are not.

Who saw that coming?


For some odd reason, the biggest bank in Russia (Gazprom) isn't subject to the sanctions. Germany gives Euros to the Gazprom Bank,..the bank converts them to Rubles and gives the Rubles to Russia in exchange for natural gas going to Germany.

Net result,...Germany is buying its gas with Rubles but gets to claim that they're paying with Euros.

Basically, the Gazprom Bank is handling the sale of Rubles for Euros for Germany.