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Joined: Jul 2015
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Campfire Outfitter
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OP
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except apparently 4 buyers! https://markets.businessinsider.com...payments-energy-gazprombank-putin-2022-4Four European natural gas buyers have already paid Russia in rubles for supplies, complying with the country's demand to pay in its official currency, Bloomberg reported Wednesday.
This development emerged as Russia halted gas supplies to Poland and Bulgaria on Wednesday, spurring a 28% surge in European gas prices. Russia's Gazprom said the reason for the stoppage is that both countries didn't pay for supplies in rubles, an order President Vladimir Putin put forth last month.
The report didn't mention which four European buyers have made ruble payments. But Austria, which gets 80% of its gas from Russia, said Wednesday that deliveries are continuing unrestricted, according to Reuters.
Additional cutoffs — as a result of failure to meet Moscow's rubles-for-gas requirement — are unlikely until the second half of May, Bloomberg said, citing a source close to Gazprom.
Separately, the report said 10 European companies have opened accounts at Russia's Gazprombank as a means to meet Putin's payment demands. No company names were mentioned in the report.
Under a special mechanism, a requirement for companies wanting to receive Russian gas is that buyers should open special accounts at Gazprombank. These would allow for foreign currency to be converted to rubles for settlements.
Europe depends on Russia for around 40% of its gas supplies, but Moscow's demands have changed this trade dynamic. After Russia demanded payment for gas in rubles, some European governments said this would amount to a breach of contract and would avoid sanctions.
Germany is especially reliant on Russian energy, particularly the natural gas that's shipped directly through the Nord Stream pipeline network. The Bundesbank has warned that cutting out Russian gas would plunge Germany's economy into recession.
The European Union is considering an embargo on Russian energy, and says it wants to reduce its dependence on the country for imports. EU diplomats have said Gazprombank has been exempt sanctions so far so that gas imports can continue, the Wall Street Journal reported.
The Russian bank has also managed to escape the ban on the financial-messaging infrastructure SWIFT, which was aimed at cutting off Russia's economy from the rest of the world.
"So far, Russia has halted supplies to relatively small European countries, probably with the intention of sending a message to bigger countries, like Germany and France," Walid Koudmani, chief market analyst at financial brokerage XTB, told Insider.
"While the sudden interruption of Russian gas exports to Europe will have significant repercussions for the European economy, it will also be a blow to Russia as the country cannot replace exports to the EU with exports to other customers due to inadequate infrastructure," he added.
Politics is War by Other Means
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Joined: Dec 2002
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Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 18,009 Likes: 11 |
Well, if we just finally went to war directly against Russia we wouldn't be having any more compromised elections like in 2016 - Hillary Clinton said so. Don't be afraid of the nukes.....
"To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical." -- Thomas Jefferson
We are all Rhodesians now.
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Campfire Outfitter
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I wonder why the Rube is trading above its Normal Currency Band.. Could be … Hahahahaha
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Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
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It appears J. Burns has folded his tent and left camp..... Houston2 is still here, maybe he will set us straight? lmao
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Jun 2005
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Campfire Regular
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Let Russia break their agreements... and in return EU countries will sue them for breach of contracts. Even USSR under Stalin paid their bills...
Contracts says Euro or Dollar.... can't decide you suddenly want payments in rubble or carrots.
The US in the last 40 years:
Socialism for big corporations and military industrial complex
&
Rugged individualism for the individual.
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Joined: Jun 2005
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Campfire Regular
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Campfire Regular
Joined: Jun 2005
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I wonder why the Rube is trading above its Normal Currency Band.. Could be … Hahahahaha Look at volume... there isn't any. Nobody buying rubble.. Once they have used up their saved up Euro/US to prop up their currency it will plummit.
The US in the last 40 years:
Socialism for big corporations and military industrial complex
&
Rugged individualism for the individual.
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Joined: Jan 2012
Posts: 26,598 Likes: 4
Campfire Ranger
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Campfire Ranger
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Posts: 26,598 Likes: 4 |
I'm not much on buying rubble myself.
FJB & FJT
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Joined: Feb 2011
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Campfire Ranger
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Campfire Ranger
Joined: Feb 2011
Posts: 26,389 Likes: 6 |
It appears J. Burns has folded his tent and left camp..... Houston2 is still here, maybe he will set us straight? lmao Glad Burns left, what a fuggin clown.
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Joined: Jul 2015
Posts: 14,757 Likes: 4
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jul 2015
Posts: 14,757 Likes: 4 |
Let Russia break their agreements... and in return EU countries will sue them for breach of contracts. Even USSR under Stalin paid their bills...
Contracts says Euro or Dollar.... can't decide you suddenly want payments in rubble or carrots. You can't sue companies when their government changes policy.
Politics is War by Other Means
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Campfire Outfitter
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Campfire Outfitter
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It appears J. Burns has folded his tent and left camp..... Houston2 is still here, maybe he will set us straight? lmao LOL!
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Joined: Aug 2005
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Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,275 Likes: 11 |
It appears J. Burns has folded his tent and left camp..... Houston2 is still here, maybe he will set us straight? lmao Glad Burns left, what a fuggin clown. He is that......and camuglia had to reluctantly pull his nose out of Burns' asss because of it.
It is irrelevant what you think. What matters is the TRUTH.
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Campfire Outfitter
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GOA
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Joined: Feb 2008
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Campfire Outfitter
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I wonder why the Rube is trading above its Normal Currency Band.. Could be … Hahahahaha Look at volume... there isn't any. Nobody buying rubble.. Once they have used up their saved up Euro/US to prop up their currency it will plummit. The Burning Bush has re-engineered itself..
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Joined: Feb 2008
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Campfire Outfitter
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Poland better gets some Rubes quick..
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Campfire Tracker
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Campfire Tracker
Joined: Nov 2011
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Let Russia break their agreements... and in return EU countries will sue them for breach of contracts. Even USSR under Stalin paid their bills...
Contracts says Euro or Dollar.... can't decide you suddenly want payments in rubble or carrots. You can if you have the product and they want it! Let them sue and then try to enforce it. They still won't have any gas.
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Joined: Oct 2008
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Campfire Tracker
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Campfire Tracker
Joined: Oct 2008
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Let Russia break their agreements... and in return EU countries will sue them for breach of contracts. Even USSR under Stalin paid their bills...
Contracts says Euro or Dollar.... can't decide you suddenly want payments in rubble or carrots. You can if you have the product and they want it! Let them sue and then try to enforce it. They still won't have any gas. no one is suing anyone and yes, the are buying energy with rubes or not getting any. Bank on it.
.... like tears in the rain
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Joined: Oct 2021
Posts: 10,923 Likes: 4
Campfire Outfitter
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Joined: Oct 2021
Posts: 10,923 Likes: 4 |
I wonder why the Rube is trading above its Normal Currency Band.. Could be … Hahahahaha Look at volume... there isn't any. Nobody buying rubble.. Once they have used up their saved up Euro/US to prop up their currency it will plummit. Well, Northman, I’d have to say that the Russian Ruble does indeed have mega value and not just the Russians’ perception of its intrinsic value. According to the WSJ Renault is in talks to sell their total Russian Business venture for 1 Ruble. One Ruble. Poland doesn’t have to have Russian gas. Long ago they set up their LNG facilities and will soon be operating on the Baltic Pipe system (gas from Norway) as will the Netherlands and other European countries that want it as the line is a bi-directional with feeders. One of Russia’s very biggest banks just went into default and the 30 day grace period for Russian bonds debts payments is right around the corner. Those are predicted as being a 95% chance of default. All things considered, y’all Putinistas are really looking great with your Russian support. Heh!
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Joined: Oct 2021
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Campfire Outfitter
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Joined: Oct 2021
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Let Russia break their agreements... and in return EU countries will sue them for breach of contracts. Even USSR under Stalin paid their bills...
Contracts says Euro or Dollar.... can't decide you suddenly want payments in rubble or carrots. You can if you have the product and they want it! Let them sue and then try to enforce it. They still won't have any gas. no one is suing anyone and yes, the are buying energy with rubes or not getting any. Bank on it. Wrong.
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Joined: Oct 2021
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Campfire Outfitter
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Campfire Outfitter
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I wonder why the Rube is trading above its Normal Currency Band.. Could be … Hahahahaha Look at volume... there isn't any. Nobody buying rubble.. Once they have used up their saved up Euro/US to prop up their currency it will plummit. 74 Rubles = 1 usd$ or something like.013 cents. Yeah, akrange , that Ruble is blistering ass right on along and on a meteoric rise, ain’t it?
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Joined: Mar 2010
Posts: 24,315 Likes: 14
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
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Let Russia break their agreements... and in return EU countries will sue them for breach of contracts. Even USSR under Stalin paid their bills...
Contracts says Euro or Dollar.... can't decide you suddenly want payments in rubble or carrots. like every subject you have zero clue , and in this case how these contracts work Walt you should stick to your expertise. child grooming
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