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Putin orders to supply gas to unfriendly countries for rubles only

Russia will continue supplying gas to other countries in accordance with volumes and prices stipulated in earlier concluded contracts, the head of state stressed

'Sapere aude'

by Oui (Oui) on Wed Mar 23rd, 2022 at 10:31:08 PM EST
CNBC -- Russian gas accounts for some 40% of Europe's total consumption and EU gas imports from Russia have fluctuated between 200 million to 800 million euros ($880 million) a day so far this year.

The possibility a change of currency could throw that trade into disarray sent some European and British wholesale gas prices up around 15-20% on Wednesday.

The Russian ruble briefly leapt to a three-week high past 95 against the dollar before settling close to 100 after the shock announcement.

'Sapere aude'
by Oui (Oui) on Wed Mar 23rd, 2022 at 10:31:54 PM EST
[ Parent ]
Thu Mar 10th, 2022
CBR "external debt repayments" and "unfriendly countries
Sat Mar 12th, 2022
"export of U.S. banknotes to Russia" + "Interesting demo of how the Fed can default US bond payments to any creditor, because international norms"

"just a messaging system" for slow learners
Putin instructed to convert gas contracts with unfriendly countries into rubles, 23 Mar

"Both the US and the EU have, in principle, defaulted on their obligations to Russia. And now everyone in the world knows that obligations in dollars and euros may not be fulfilled ...
by Cat on Wed Mar 23rd, 2022 at 11:25:30 PM EST
[ Parent ]
Mon Mar 7th, 2022
BLOOMBERG | Russia's New Bond Rules Split Creditors Based on Sanctions
by Cat on Wed Mar 23rd, 2022 at 11:39:51 PM EST
[ Parent ]


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