European Commission Chief Says Considering Payments For Russian Gas In Rubles

[beijingwalker]

European Commission Chief Says Considering Payments For Russian Gas In Rubles​

European Commission President Ursula von der Leyen has reportedly stated that they were considering payment of Russian gas in Rubles to circumvent sanctions.​

Written By
Vishnu V V
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Image: AP/Unsplash

As the Russia Ukraine war continues to escalate on its 44th day, European Commission President Ursula von der Leyen has reportedly stated that it was considering payment of Russian gas in rubles. According to Nexta, the European Commission said that it was considering the payment of Russian gas in Russian rubles ahead of the European Commission chief's meeting with Ukrainian President Volodymyr Zelenskyy.

Last week, Russian President Vladimir Putin had announced that all 'unfriendly countries' buying natural gas from the country would need to make their payment in rubles. The move by the Russian President attempts to increase the value of the Russian ruble which had seen sharp depreciation due to the West's sanctions.

European Commission chief Ursula von der Leyen reportedly said that payment for natural gas in rubles will be considered to circumvent the sanctions. It is noteworthy that the ruble has climbed up in value to pre-war levels since its dramatic fall due to the impact of Western sanctions.

READ | Ursula von der Leyen addresses EP on Ukraine crisis, asks Putin to let stranded ships go

Earlier this week, Belarus, a staunch Russian ally, had said that it will pay for the Russian oil and gas imports in rubles in 2022 as it is “crucial” for Moscow’s economy which has been battered.

In a televised interview with the Belarus-1 channel, Belarusian Prime Minister Roman Golovchenko said, “We have switched to settlements in rubles for energy. It is crucial. It is what we had been seeking for so long, that is not to make payments in dollars.” Paying in Russian rubles for the energy import is in fact “economically profitable for us”, said Golovchenko, adding that the Belarusian regime has “always fought for it.”

Zelenskyy to meet EU Commission chief today​

Meanwhile, in a key development, Ukrainian President Volodymyr Zelenskyy will hold a meeting with European Commission President Ursula von der Leyen today (April 8).

The meeting between Zelenskyy and Ursula von der Leyen was confirmed by Ukrainian President's Press Secretary Serhiy Nikiforov on a nationwide telethon.

Notably, the visit of the EU Commission President to Kyiv was announced by the chief spokesperson of the EU Commission Eric Mamer and Slovenia Prime Minister Janez Jansa. Von der Leyen had earlier announced support for Kyiv in the ongoing war and had called on Moscow to stop its invasion of Ukraine.

European Commission chief says considering payments for Russian gas in rubles: Report

www.republicworld.com

 

[Trango Towers]

Own goal. Dollar dominace challenge

 

[beijingwalker]

Some PDF users had been vehemently claiming that EU will never pay Rubles for Russian resources, now see who dropped to their knees.

 

[UKBengali]

These economic sanctions are the dumbest thing for the West to be doing.

China, India and nearly the whole of the “Global South” is ignoring them.

 

[beijingwalker]

EU thinks it's sanctioning Russia but in reality it's sanctioning itself, don't know why they became so dumb.

 

[UKBengali]

EU thinks it's sanctioning Russia but in reality it's sanctioning itself, don't know why they became so dumb.

Here in the UK, inflation that was already high has now been pushed into double-digits by these sanctions.

The West still does not understand that it has lost dominance over the global financial system. It still has a lot of power but cannot dictat to the rest of the world anymore.

Even poor and weak countries like BD are not going along with the sanctions and it is working around trade with Russia without using the dollar.

 

[Indos]

Here in the UK, inflation that was already high has now been pushed into double-digits by these sanctions.

The West still does not understand that it has lost dominance over the global financial system. It still has a lot of power but cannot dictat to the rest of the world anymore.

Even poor and weak countries like BD are not going along with the sanctions and it is working around trade with Russia without using the dollar.

Yup, the sanction is not like CATSAA where the buyer of Russian weapon will get sanction from USA. This is due to the fact that even European powers keep buying Russian gas and oil until This day. They will likely pay with Rubel since they dont have any substitute on Russian oil and gas, but they will sanction Russian coal starting in August this year.

If German and other European countries keep buying Russian oil and gas so it is very discriminative if US and The West sanction countries like China, India, and Indonesia if they want to buy Russian oil. Any way India is always buying Russian oil and the percentage before war is only 3 %

 

[UKBengali]

Yup, the sanction is not like CATSAA where the buyer of Russian weapon will get sanction from USA. This is due to the fact that even European powers keep buying Russian gas and oil until This day. They will likely pay with Rubel since they dont have any substitute on Russian oil and gas, but they will sanction Russian coal.

If German and other European countries keep buying Russian oil and gas so it is very discriminative if US and The West sanction countries like China, India, and Indonesia if they want to buy Russian oil. Any way India is always buying Russian oil and the percentage before war is only 3 %

India will quadruple oil imports from Russia to 4 billion US dollars in 2022.

Russia has a lot of influence due to arms exports and the fact that it has sold lots of nuclear reactors around the world by giving out 10s of billions of dollars in long-term loans to construct these plants over the last decade. Russia is the world's largest nuclear exporter as it's technology is cutting edge and around 20-25% cheaper than that of the West. BD already is constructing one Russia nuclear power plant and may use them for a 2nd to be in service by 2030.

Russian economy will adjust to the sanctions and the West is deluding itself by cutting off Russian citizens from big-tech products services and McDonalds will make Putin stop the war due to unpopularity of the Russian public without at least his core demands being met.


These sanctions are a stupid joke and already making people in the West struggle more to pay the bills.

 

[Indos]

India will quadruple oil imports from Russia to 4 billion US dollars in 2022.

Russia has a lot of influence due to arms exports and the fact that it has sold lots of nuclear reactors around the world by giving out 10s of billions of dollars in long-term loans to construct these plants over the last decade. Russia is the world's largest nuclear exporter as it's technology is cutting edge and around 20-25% cheaper than that of the West. BD already is constructing one Russia nuclear power plant and may use them for a 2nd to be in service by 2030.

Russian economy will adjust to the sanctions and the West is deluding itself by cutting off Russian citizens from big-tech products services and McDonalds will make Putin stop the war due to unpopularity of the Russian public without at least his core demands being met.


These sanctions are a stupid joke and already making people in the West struggle more to pay the bills.

Just few days ago Indonesia's Pertamina oil tanker get some attention when it delivers Russian oil to customer in China

Activists block transfer of 100 000 tonnes of Russian oil at sea​

Greenpeace International

Frederikshavn, Denmark – Greenpeace activists from Denmark, Sweden, Norway, Finland and Russia have begun a blockade of a transshipment of Russian oil at sea in northern Denmark. Swimmers and activists in kayaks and rhib boats have placed themselves in between two supertankers in an attempt to block them from transferring 100 000 tonnes of Russian oil, from the tanker Seaoath to the huge 330m crude oil tanker Pertamina Prime, in European waters.

Activists block transfer of 100 000 tonnes of Russian oil at sea - Greenpeace International

Greenpeace activists from Denmark, Sweden, Norway, Finland and Russia have begun a blockade of a transshipment of Russian oil at sea in northern Denmark.

www.greenpeace.org

Why they dont try to block European tankers ???

Similar like the way Greenpeace talks bad about palm oil industry in Indonesia while not being as much vocal to sun flowers farming in Europe ????

 

[hualushui]

 

[Wergeland]

Just few days ago Indonesia's Pertamina oil tanker get some attention when it delivers Russian oil to customer in China

Activists block transfer of 100 000 tonnes of Russian oil at sea​

Greenpeace International

Frederikshavn, Denmark – Greenpeace activists from Denmark, Sweden, Norway, Finland and Russia have begun a blockade of a transshipment of Russian oil at sea in northern Denmark. Swimmers and activists in kayaks and rhib boats have placed themselves in between two supertankers in an attempt to block them from transferring 100 000 tonnes of Russian oil, from the tanker Seaoath to the huge 330m crude oil tanker Pertamina Prime, in European waters.

Activists block transfer of 100 000 tonnes of Russian oil at sea - Greenpeace International

Greenpeace activists from Denmark, Sweden, Norway, Finland and Russia have begun a blockade of a transshipment of Russian oil at sea in northern Denmark.

www.greenpeace.org

Why they dont try to block European tankers ???

Similar like the way Greenpeace talks bad about palm oil industry in Indonesia while not being as much vocal to sun flowers farming in Europe ????

When you stop viewing them as independent organizations youll understand the full picture.

- Amnesty
- HRW
- Greenpeace
and so on

These are are govermental organizations but desguised as non-governmental in order to sound independent.

 

[Ich]

EU thinks it's sanctioning Russia but in reality it's sanctioning itself, don't know why they became so dumb.

"dumb" is the wrong word. Today its called "woke". The same way woke men define themself as women and take part in women sports, the same way they define Rubel as Euro/Dollar and tell in media they payed in Euro/Dollar.