Anonymous ID: 8029f0 March 24, 2022, 9:14 a.m. No.15934090   🗄️.is đź”—kun   >>4172

Russia Counter-Sanctions “Unfriendly Nations” by Requiring Gas Payments in Roubles; Dallas Fed Predicts 2022 Global Recession if Russian Energy Supply Remains Restricted

 

Let us consider how Europe is buying gas from Russia now:

 

EU buyer pays Euros, to say Gazprom via one of Gazprom’s banks.

 

Either that bank is one of the non-sanctioned Russian banks, or Gazprom transfers the funds to a non-sanctioned Russian bank to convert enough of the Euros to roubles to satisfy Russian requirements. Note that there are not enough roubles circulating outside Russia for it to be very likely that a garden-variety European bank could acquire enough roubles for Gazprom.2

 

So what is different now?

 

The EU buyer is now required to deliver roubles, not Euros, to Gazprom at an unblocked account or an unsanctioned bank. Since there is very little in the way of roubles outside Russia, the buyer will now need to open and maintain rouble accounts in a Russian bank. That means Russia controls whether or not the account is blocked on its side.

 

To put it more bluntly: To sell Euros, the EU needs to keep the Russian banks sanction-free, otherwise it can’t trade Euros for roubles to procure gas.

 

Buyers that don’t play ball don’t get Russian gas. Trying to replace it won’t be easy.

 

https://www.nakedcapitalism.com/2022/03/russia-counter-sanctions-unfriendly-nations-by-requiring-gas-payments-in-roubles-dallas-fed-predicts-2022-global-recession-if-russian-energy-supply-remains-restricted.html

Anonymous ID: 8029f0 March 24, 2022, 10:01 a.m. No.15934385   🗄️.is đź”—kun

Good news from the home front.

 

🇷🇺🇺🇦❗ The guys report by radio that they have cleared the administration building of Mariupol and hoisted our flag over it. The surviving bandits did not take risks, abandoned their positions, as had already become traditional for them, and rushed to their heels.

 

https://t.me/s/intelslava

 

Other units move in parallel directions of the city and clean it from the Azov evil spirits.

 

https://t.me/s/intelslava