Russia now demands gas be purchased in Rubles, not the US dollar

[SwizzLake]

Russian oil & gas in Ruble means, demand for Ruble increases as the demand for the US dollar decreases proportionally.

This caused a sudden jump by the Ruble:



This got Germany upset, they're saying this a breach on contract:

 

[ORDER_66]

 

[SwizzLake]

Chess move

@Strapped

 

[Cuban Pete]

So what are they gonna do if Germany calls their bluff, just not sell Russian gas to Europe? They aint that crazy right... right

 

[SwizzLake]

So what are they gonna do if Germany calls their bluff, just not sell Russian gas to Europe? They aint that crazy right... right

Russia has basically weaponized their gas because they know how much Europe is dependent on it.

Germany's Olaf Scholz announced in a speech today that Europe should not impose sanctions on Russian oil/gas, raising the spectre of massive job losses and a Europe-wide recession.

 

[☑︎#VoteDemocrat]

lets see if its a "request" or a "demand"

 

[Crayola Coyote]

Damn Russia trippin this month

 

[DEAD7]

 

[Strapped]

Chess move

@Strapped

Individual countries should have done this 20 years ago . We do need another computer operating system to compete with Microsoft's dominance. Every country should have their own payment card away from our companies to spread the global wealth . China has smartened up by stopping their engagement with Washington's back and forth bs .

 

[Strapped]

Damn Russia trippin this month

Tripping or decoupling under America's global dominance on finance , internet , software & sanctions

 

[SwizzLake]

This brother very informative take on this issue:

 

[Red Shield]

This got Germany upset, they're saying this a breach on contract:

 

[SwizzLake]

lets see if its a "request" or a "demand"

What do you think Europe's options are?

Can Iran gas replace Russia? Keep in mind that much of Iran's gas is already on the market (through China).

The only solution I see is total Russia's energy boycott, but this has greater implications.

 

[Spidey Man]

What do you think Europe's options are?

Can Iran gas replace Russia? Keep in mind that much of Iran's gas is already on the market (through China).

The only solution I see is total Russia's energy boycott, but this has greater implications.

Iran says they can put 3.5 million barrels a day within 2 months. That should ease things up while production ramps up in US and Canada

 

[☑︎#VoteDemocrat]

What do you think Europe's options are?

Can Iran gas replace Russia? Keep in mind that much of Iran's gas is already on the market (through China).

The only solution I see is total Russia's energy boycott, but this has greater implications.

Russia's own leaders don't want rubles. They'd have done this a long time ago if they were serious. This seems like a desperate move.

If they were serious, they'd just adopt Chinese currency, not try to prop their own.