Alexander Mercouris
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Putin Decrees Gas for Roubles only, Energy Markets Tremble, Germany Shakes
News Topic 451
The German economic miracle no longer exists
The German economic miracle no longer exists
The nightmare scenario for German conservatives is unfolding before their eyes
Putin Signs Decree Ordering Gas Exports To Be Halted If Buyers Don’t Pay In Rubles
Zerohedge
ZeroHedge – On a long enough timeline, the survival rate for everyone drops to zero
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
I live in the UK this news is the best I have heard in a long time, of course I will suffer, but if it grinds the EU serfs in to the ground and make them realise they have been on the wrong bus (US) it will be better all round if the EU gets some back bone and tell the US to get lost.
As I understand this Gasprom bank method. The Germans and Putin can be considrred to bothbe correct. A western entity sends eutos to this bank in order to buy rubles which are mote or less instantly transferred to pay for the gas contract. So yes Euros would be sent, ad yes rubles would end up in the Gasprom account. The bank would accumulate euros just as it would if the Germans had paid in euroos. It satisfies both partiesbt it eems eitherby stubborness or more likelyignaance of wht is proposed, they still manage to spite themselves. 🙂 and we all… Read more »
Unintended consequences from stupid AngloAmerican client EU states
This policy has been discussed for a long time, Russia does nothing on the hoof, consequencies have been ironed out before the Rubles payment system comes in to force.
no doubt Russia has been talking to China India etc keeping them in the loop.