Can EU refuse to pay gas in Roubles?

A lot of conspiracy theories & conjectures. However, parts of it are playing out anyways...an interesting read

Heres the thing

Many People like fantasies and talk of how EU can procure Gas from other places

They cant. Plain and Simple. There is no one else.

Otherwise they would have done so right after 2014 when Putin captured Crimea. Its been 8 years.

US cannot keep selling Gas to Europe. They sell 69% Surplus to Mexico and 30% Surplus to Canada. Those are fixed markets.

There is simply not even 10% Surplus that US has to sell to EU.

Every Gas producer has its own Clients and Contracts.

EU is stuck with Russia.

Experts say - the price for 90 days consumption of LNG compared to Piped Gas would be roughly $ 540 Billion against $ 86 Billion. For a year thats $ 2.25 Trillion against $ 365 Billion.

Imagine paying 600% more for your gas!  It will make European industries uncompetitive and civil unrest when the consumers realised how much their pocket is affected and how stupid is their government.

Its simply impossible for EU to survive beyond 100 Days of bravado, stupidity and lack of wisdom.

Meanwhile Putin could lose $ 100 Billion Revenues by stopping Gas Production but he can bring Europe down to its knees

Putin still calls the shots here.

What could be the consequences if Europe completely delinks with Russia economically?

Juri Mirlander

EU will collapse as many EU countries can't survive without Russia energy. Romania, Hungary and Bulgaria have already stated they will continue to buy Russian energy no matter what EU thinks and even leave the EU.

Russia's financial war

Paul Denlinzer

The really important Russian war with the West is the financial war, which the western media never discusses.

Here are the developments:

Russia has told the EU nations that from April 1, it will only accept rubles for Russian natural gas;

The EU has said that they refuse to pay rubles, and that they will only pay in US$ and euros;

The Russians have said that they will not accept US$ and euros, because they could sanction Russia any time, in which case the US$ and euros Russia holds are worthless.

The US and UK have signed regulations not allowing Russian gold to be sold in US, UK gold exchanges.

Now, the last part is very interesting, because Shanghai has its gold exchange. Are you thinking what I'm thinking?

Putin has planned  ingeniously well and  announced that the Bank of Russia will buy gold. The gold can then be converted into rubles, which can then be used to buy natural gas. This caught the West by surprise.  Now I see why Russia and China have been accumulating gold for years.

The German government is in a very bad spot because its economy depends on Russian natural gas. If they break with the US, the US will be annoyed. If they obey the US, the German economy, which is a major global economy, will slide into a major recession.

What happens if Russia announces that it will also accept Indian rupees and Chinese yuan in payment for natural gas? Just no US$ and euros. Would the Europeans scramble to buy rupees and yuan? What happens if the Chinese say they don't want US$ because the Chinese believe that the Americans are going to sanction China next?

That would be very interesting.

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