Aletho News

ΑΛΗΘΩΣ

Putin wants rubles for Russian gas

Samizdat | March 23, 2022

Russia will now accept payment for gas exports to “unfriendly countries” in rubles only, President Vladimir Putin said at a meeting with the government on Wednesday.

The president explained that Russia plans to abandon all “compromised” currencies in payment settlements. He added that illegitimate decisions by a number of Western countries to freeze Russia’s assets destroyed all confidence in their currencies.

“I have decided to implement in the shortest possible time a set of measures to change the payments for – yes let’s start with this – for our natural gas supplied to the so-called unfriendly countries in Russian rubles, that is to stop using all compromised currencies for transactions,” the Russian president said.

“It doesn’t make sense to deliver our goods to the EU and the US and get paid in dollars and euros,” he added.

Putin gave the Central Bank and the government a week to determine the procedure for operations for buying rubles on the domestic market for importers of Russian gas.

The president added that Russia will continue to supply gas in accordance with the volumes and pricing principles of the contracts. Only the currency of payment will change.

The announcement caused a spike in the cost of contracts for gas supply at the TTF European hub, Forbes Russia quoted data from the Intercontinental Exchange as indicating. During Wednesday’s trading, the gas price rose from €97 per megawatt hour (MWh) to approximately €108.5 per 1MWh, but after the president’s speech, it jumped by another €10 to €118.75 per 1MWh, before retreating to €114 per 1MWh as of 1pm GMT.

In the past month, Russia has been hit with several rounds of unprecedented international sanctions over its military operation in Ukraine. The US, EU, and their allies have cut off the country from their financial systems, limited dollar and euro transactions, and froze roughly $300 billion in Russian forex reserves abroad, among other measures. At the same time, they have continued to buy Russian oil and gas.

March 23, 2022 - Posted by | Economics | ,

4 Comments »

  1. This documentary comes to mind: “ALL WARS ARE BANKERS’ WARS” by Michael Rivero.

    Like

    Comment by rediscover911com | March 23, 2022 | Reply

    • “It is not a coincidence that the Century of total War, coincided with the Century of Central Banking”…….Ron Paul.

      “Hell is empty, and ALL the Devils are here”…..William Shakespeare….(The Tempest)

      Like

      Comment by brianharryaustralia | March 23, 2022 | Reply

  2. This will make western countries pay if they manage to hyperinflate the ruble.

    Liked by 1 person

    Comment by Balthasar Gerards | March 24, 2022 | Reply

  3. Well done Vlad!

    He was nice enough to let winter end…

    I can’t wait to see the transgender pussies of the west freezing their asses off.

    arselickers like scholz, macron, draghi, now call their boss rothschild to ask what they should do…

    Pay in Rubles bitches and see your populations preparing nooses for you.

    #WESTANDWITHRUSSIA

    Liked by 1 person

    Comment by SCOPADICAPRA | March 24, 2022 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.