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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPutin announces rubles-only policy for gas deliveries to EU nations
Link to tweet
https://www.nytimes.com/2022/03/23/business/putin-russian-oil-gas-rubles.html
Olaf is going to have to have a rethink, unless he wants Germany to both finance Russias war effort and cushion the blow of sanctions. Bidens hand just got a lot stronger.
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Putin announces rubles-only policy for gas deliveries to EU nations (Original Post)
BeyondGeography
Mar 2022
OP
They become less worthless if governments start bidding for them to pay huge gas bills
BeyondGeography
Mar 2022
#2
145 roubles to the euro at current FOREX, so if a barrel is 100 euros, the cost is 14,500 roubles
Celerity
Mar 2022
#3
Shanti Shanti Shanti
(12,047 posts)1. Aren't rubles worthless? Give them all you can, lol
BeyondGeography
(39,374 posts)2. They become less worthless if governments start bidding for them to pay huge gas bills
Its a good short-term move but it should kill the EU appetite for Russian gas forever.
BlueIdaho
(13,582 posts)5. We need to help The EU
To find alternate sources for their energy needs. Time to starve the Bear.
Celerity
(43,357 posts)3. 145 roubles to the euro at current FOREX, so if a barrel is 100 euros, the cost is 14,500 roubles
WarGamer
(12,444 posts)6. Looks like it's 108 rubles/euro...
The Ruble has stabilized greatly...
The last year the avg Dollar to Ruble has been mid 80's... today the Dollar is 98 Rubles.
Celerity
(43,357 posts)11. the rouble just surged post oil announcement, it was at around 145 yesterday, I forgot to look today
lagomorph777
(30,613 posts)4. That should light a fire under anybody who's still buying bloody gas.
roamer65
(36,745 posts)7. Forces the EU countries into the forex market to buy rubles.
That stabilizes the ruble. Not what we want.
The counter should be that the EU pays in Euro into a escrow until Putler gets out of Ukraine.
BeyondGeography
(39,374 posts)9. I'm sure that will be tried
Less sure it will work.
Workarounds on supply ie alternative sources were hopefully already in the hopper.
Response to roamer65 (Reply #7)
BeyondGeography This message was self-deleted by its author.
C_U_L8R
(45,002 posts)8. It would take a hundred billion rubles just to fill my gas tank
Gonna need a bigger wallet.
Response to BeyondGeography (Original post)
Chin music This message was self-deleted by its author.