Peak Oil is You

Donate Bitcoins ;-) or Paypal :-)

Page added on April 24, 2022

Bookmark and Share

EU companies will pay for gas in rubles

EU companies will pay for gas in rubles thumbnail
  • The European Commission said Friday that EU companies may be able to comply with Russia’s proposed gas payment system, without running afoul of sanctions against Moscow.
  • Shortly following the war in Ukraine, President Putin issued a decree mandating that Russian gas exports to “unfriendly” nations be paid for in rubles.
  • Several EU leaders pushed back on the decree, indicating it would mark a contract violation, and insisting that gas transactions be settled in euros or dollars.
  • Friday’s comment from the Commission could bolster Russia’s domestic currency market, which has now fully recovered from the invasion-induced selloff.
  • The EU has proposed banning both Russian coal (BTU) and Russian oil imports (USO) (XLE) in coming months; however, the concession on currency payments likely points to continued Russian gas flows (EQNR) (SHEL) (VET) (NRT) for the duration of 2022.

seeking alpha

8 Comments on "EU companies will pay for gas in rubles"

  1. Biden's hairplug on Sun, 24th Apr 2022 8:14 am 

    OK, that was peak euro reserve currency. That’s what you get if you don’t distance yourself from the US in time and go along with this Ukraine safari. The euro had the potential to be the currency of choice between Lisbon and Vladivostok, as proposed by Vladimir the Great himself.

  2. Biden’s hairplug on Sun, 24th Apr 2022 1:22 pm 

    Fortunately, France has voted for the EU and against petty nationalism; second term Macron 58-42%

  3. Theedrich on Mon, 25th Apr 2022 4:15 am 

    DoD Secy Austin: We’ll weaken Russia forever. From the African horse’s mouth comes now the true aim of the American Deep State.  Standing at a press conference in Poland after returning from a trip with Sec of State Anthony Blinken to Ukrainian puppet Zelenskyy, the affirmative-actioned ex-general made it clearer than even Biden, with the latter’s mumbled mouthings about regime-changing Russia.  It is now official:  America’s aim is the complete subjugation of Russia and its reduction to a pauper nation of slaves serving their American masters.

    Crushing Russia has been the U.S. globemasters’ aim for many years.  And now their long-planned master strategy is bearing fruit.  The Ukrainians themselves, of course, are merely pawns in the global chess game.  America must conquer Russia and take all of its natural resources soon, before we run out of them ourselves and collapse.  The American electorate can be easily manipulated with psyops about crying women and children, burnt-out urban areas and the like.  Never mention who is truly behind the chaos.  The victors get to write the history books.

    But now that Russia has had the American aim of Russia’s unconditional surrender publicly declared and shoved in its face, the Russian government may want to think long and hard about its response to the superduper nation.

    And maybe that response will entail some unpleasantries for Yankeeland and its genosuicidists.

  4. Biden's hairplug on Mon, 25th Apr 2022 5:18 am 

    U.S. promises more aid, return of diplomats in Kyiv visit

    American Secretary of State Antony Blinken and Defense Secretary Lloyd Austin said Monday after a secrecy-shrouded visit to Kyiv that Ukrainian President Volodomyr Zelenskyy is committed to winning his country’s fight against Russia and that the United States will help him achieve that goal… Asked about what the U.S. sees as success, Austin said that “we want to see Ukraine remain a sovereign country, a democratic country able to protect its sovereign territory, we want to see Russia weakened to the point where it can’t do things like invade Ukraine.

    The Americans now have Ukraine where they want them to be: a kike ruling that hapless country in order to use it as a weapon to continuously attack Russia with proxy weapons and US staying out itself.

    Wouldn’t be surprised if Russia will soon see itself forced to mobilize, in order to at least prevail in the eastern half of Ukraine.

    And then there is China that could conclude that the time has arrived to come to Russia’s aid and make the long-planned move against Taiwan, that all US war simulations predict, China will win:

    “China Would Defeat The US In A War If It Was Fought Today”

  5. Mohammed was a goat fucker on Sun, 1st May 2022 12:15 pm 

    It’s a shame most people in the “west” believe the lies.

    It is “weapons of mass destruction” all over again.

    U.S propoganda is truly a wonder to behold.

  6. Count Snorter Von Liechtenstein on Sun, 1st May 2022 12:31 pm 

    They could pay by sending Polak slaves to U.S. to do the shit jobs like make commercials or redesign toilet seats.


  7. Dumb Polish geezer on Sun, 1st May 2022 12:32 pm 

    I need to sell my ass to buy gas

  8. Baby Peanut on Thu, 12th May 2022 4:02 pm 

    I don’t understand why they have to buy gas from PuPu. Can’t they just fart into a tank?

Leave a Reply

Your email address will not be published. Required fields are marked *