Russia and economic war by the west

Arkanghelsk wrote:The ruble is 80 per USD, well sanctions lasted 1 week hahhahahaha

The Russian ruble is the best performing currency in March gaining 10% in 1 day

The sanctions are now affecting the Americans and Europeans paying 6 dollars and euros per liter at the pump

Meanwhile the Russian economy is recovering faster and faster

The currency passed pre war levels

Well it seems the gas station will be able to denazify Ukraine for a very long time

FYI there are strict capital flow restrictions in Russia at the moment which are desperate measures to stabilize economy, that exchange rate is nowhere near realistic.

And for sanctions impacts on Russia it will need couple of months really to see full scope and impact... and EU and US are just starting, both are ready to impose new things as long as situation in Ukraine is not stopped, they still keep couple of nuclear options under the table. So all big shots are on Russian side.

Bahahahahah 80 rubles per dollar

All options kissed our fat russian asses hahahahhahahah

Our currency is propped up by you now

Your sanctions lasted 1 week lmfao

Now you will further support the ruble in payments, and take us to 30 rubles per dollar

https://www.google.com/amp/s/amp.cnn.com/cnn/2022/03/31/investing/russia-ruble-putin/index.html

The sanctions were a joke!!!! The west economies don't exert pressure anymore

They lasted 2 weeks and it went back to normal

This is good news

London(CNN Business)The barrage of sanctions imposed by the West following Russia's invasion of Ukraine decimated the ruble. But one month after the tanks rolled, the currency has made a full recovery and is now trading at levels seen prior to the war. How is that possible?

Scratching their heads here hahahahahah

Americans paying 6 dollars per liter at the pump

Talking heads scratching their heads

Putin sets ruble-for-gas payment deadline – effective April 1

Russian president Vladimir Putin has signed a decree that demands ‘unfriendly countries’ must pay for Russian gas in rubles.

The new law dictates that ‘unfriendly countries’ must open accounts in Russian banks and will come into force on April 1.

Current gas supply contracts will be stopped if buyers from ‘unfriendly countries’ do not meet new payment terms.

RT

Lmfao I like this, wel give you time... 1 day

The US is trying to transfer Europe to expensive American LNG, thereby undermining the competitiveness of European companies, Europe is threatened with large-scale deindustrialization and job loss due to US actions - Vladimir Putin.

So the gas is being cut off tonight it seems

Europe will experience misery like North Korea soon

https://www.rt.com/business/553053-putin-sets-ruble-gas-deadline/

The gas contracts were scrapped

Russia is decimating europe

Arkanghelsk wrote:https://www.rt.com/business/553053-putin-sets-ruble-gas-deadline/

The gas contracts were scrapped

Russia is decimating europe

China is using Russia as a battering ram to destroy the old world order

Pretty sure its them helping the Russian rouble as well as the stock market and other things. Maybe the Gulf Arabs as well.

Well, nothing left for us to do but put on our warface I guess

Our civilian economy will be decimated.
But the EU one accounts for a far larger percentage in the world, and if it even suffers half as much - that's the whole globalist system gone basically.

https://sputniknews.com/20220331/european-gas-futures-reach-1450-per-cubic-metres-on-putins-statement-on-ruble-payments-1094360652.html

Gas futures soaring

Putin: Existing Contracts on Russian Gas Will Be Frozen in Case of Failure to Pay in Rubles
Sputnik has obtained the full text of the gas-for-rubles directive. The document, entitled "On a special procedure for the fulfillment of obligations by foreign buyers to Russian suppliers of natural gas," orders for payments for gas exported starting 1 April to countries which have engaged in "unfriendly actions against the Russian Federation, Russian legal entities and individuals" to be made in rubles.
Supplies are to be frozen if an attempt is made to pay in foreign currency, in the event of a failure to pay in full, or a failure to make payment from an authorized Russian bank.
"Joint Stock Company Gazprombank, which for the purposes of this decree an authorized bank...opens special type K ruble accounts and special type K foreign currency accounts for payments for the gas supplied on the basis of applications made by foreign buyers," the text says.
Gazprombank is given the authority to open the accounts on behalf of foreign buyers without their direct presence. The special accounts are not subject to the Russian Tax Code until appropriate amendments are made, and the suspension, arrest or write-off of these funds are prohibited for any reason other than payment for gas contracts.
The decree allows the Russian government commission responsible for the control of foreign investments to issue permits exempting the ruble payments rule.

https://sputniknews.com/20220331/putin-western-countries-must-open-accounts-in-russian-banks-to-buy-russian-gas-1094359921.html

If no payment is received by tonight, they can keep the lights on for a week or two,

After that , european living conditions will be apocalyptic

flamming_python wrote:

Arkanghelsk wrote:https://www.rt.com/business/553053-putin-sets-ruble-gas-deadline/

The gas contracts were scrapped

Russia is decimating europe

China is using Russia as a battering ram to destroy the old world order

Pretty sure its them helping the Russian rouble as well as the stock market and other things. Maybe the Gulf Arabs as well.

Well, nothing left for us to do but put on our warface I guess

Our civilian economy will be decimated.
But the EU one accounts for a far larger percentage in the world, and if it even suffers half as much - that's the whole globalist system gone basically.

I don't think the Russian economy will be affected, as bad as europe

China propping Russia means Europe is left as odd man out

The US walks away damaged , and it's empire destroyed

But it will survive fine

Europe will go far right this election

Unfortunately, Russia is being merciful again.
https://www.rt.com/business/552976-russia-ruble-gas-time-adjustment/

Importers of Russian gas will be allowed time to switch the settlement method

Kremlin spokesman Dmitry Peskov said the process of switching to ruble payments for Russian gas export deliveries will take time and won’t begin immediately this week, despite the March 31 deadline set by presidential order.

“This process is more drawn out in time for technical reasons,” he told reporters, adding that importers will be allowed time to adjust.

Earlier this week, Russian President Vladimir Putin ordered the government to take necessary steps to switch all payments for Russian natural gas from “unfriendly” importers to the ruble, starting March 31.

So after letting the collective west sh*t their pants over this deadline, they've extended it to allow a much needed bathroom break to clean themselves up.

Arkanghelsk wrote:The ruble is 80 per USD, well sanctions lasted 1 week hahhahahaha

The Russian ruble is the best performing currency in March gaining 10% in 1 day

Its good to see Ruble recovering.
But rejoice when it reaches pre-2014 level and better still pre 1998 crash level.
I will wait to rejoice when the exchange rate against USD/EUR/GBP reaches SINGLE digits. Coz with the current exchange rates, it just too easy and CHEAP for the westrn $cums to finance all their anti-Russian activities and $cums inside Russia. Ruble gaining in value makes them pay more for their activities.

Meanwhile the Russian economy is recovering faster and faster

The currency passed pre war levels

In months to come, with Ruble gaining value, the charts which drew nations GDP based on USD will have to put Russia up higher in their list.

What I don't like and what I fear is the time tested nonsense of Russian patience and forgiveness, or dumb deal making, whatever term one use for it.

There is not be any dilution FROM NOW ON in trading Russian commodities (all these will help regain & retain Rubles value), and hope Russia stick to its words of trading in Rubles and not give any sort of comfort for the EU/Germany w.r.t Gas.

Shall be no turning back. From now on national currencies should be used more and more. China and OPEC expected to do their own thing and South America will certainly love it. Russia should only play the war hand.

Broski wrote:Unfortunately, Russia is being merciful again.
https://www.rt.com/business/552976-russia-ruble-gas-time-adjustment/

Importers of Russian gas will be allowed time to switch the settlement method

Kremlin spokesman Dmitry Peskov said the process of switching to ruble payments for Russian gas export deliveries will take time and won’t begin immediately this week, despite the March 31 deadline set by presidential order.

“This process is more drawn out in time for technical reasons,” he told reporters, adding that importers will be allowed time to adjust.

Earlier this week, Russian President Vladimir Putin ordered the government to take necessary steps to switch all payments for Russian natural gas from “unfriendly” importers to the ruble, starting March 31.

So after letting the collective west sh*t their pants over this deadline, they've extended it to allow a much needed bathroom break to clean themselves up.

Wrong, read what Putin said, deadline is today , he was being funny, april 1st the gas contracts are scrapped if they don't pay in rubles

Ergo March 31st deadline stands, he's being capricious, 11:59pm is deadline, 12:00am , Europe will be in delinquency of its debts if it does not pay in rubles a d the gas supplies will stop

Hannibal Barca wrote:Shall be no turning back. From now on national currencies should be used more and more. China and OPEC expected to do their own thing and South America will certainly love it. Russia should only play the war hand.

Pretty much this

This war has less to do with leaders and their personalities, or with ideological differences.

It's more directly to do with the clash of empires, backed by the rise of the new economic order against the old one, the later of which is trying in every way to preserve its hegemony.
The new economic order is represented by those countries that weren't accepted as equals in the old one, so they formed their own club; which represents not just their interests but most of Asia's, Africa's, Latin America's and the Middle East's.
And this club is more efficient economically.
No globalization, single currency dominance, buying out national elites and oligarchs together with their central banks, privatization of national industries, IMF loans in return for cancelling all social guarantees, and the export of surplus labour that this whole process creates. This giant pyramid scheme.
Instead it's more based on state capitalism and investments, mutual currency trade and use, creating jobs in all participating countries, social guarantees, and fair trade. So a sort of evolution of socialism if you will.
Glazyev was right on the money in his thesis

And Maduro now is claiming this:

Venezuelan President Maduro said that the BRICS countries are building a new financial system.

“The BRICS countries and their emerging financial architecture will be an important player in the emerging world – the new system will not be used as a political tool against countries in the way the dollar is used. Five developing countries that have begun to build an architecture of financial, economic, commercial, political cooperation are striving to become one of the main actors in the emerging world,” said the Kremlin’s closest ally in South America.

flamming_python wrote:
Pretty much this

This war has less to do with leaders and their personalities, or with ideological differences.

It's more directly to do with the clash of empires, backed by the rise of the new economic order against the old one, the later of which is trying in every way to preserve its hegemony.
The new economic order is represented by those countries that weren't accepted as equals in the old one, so they formed their own club; which represents not just their interests but most of Asia's, Africa's, Latin America's and the Middle East's.
And this club is more efficient economically.
No globalization, single currency dominance, buying out national elites and oligarchs together with their central banks, privatization of national industries, IMF loans in return for cancelling all social guarantees, and the export of surplus labour that this whole process creates. This giant pyramid scheme.
Instead it's more based on state capitalism and investments, mutual currency trade and use, creating jobs in all participating countries, social guarantees, and fair trade. So a sort of evolution of socialism if you will.
Glazyev was right on the money in his thesis

And Maduro now is claiming this:

Venezuelan President Maduro said that the BRICS countries are building a new financial system.

“The BRICS countries and their emerging financial architecture will be an important player in the emerging world – the new system will not be used as a political tool against countries in the way the dollar is used. Five developing countries that have begun to build an architecture of financial, economic, commercial, political cooperation are striving to become one of the main actors in the emerging world,” said the Kremlin’s closest ally in South America.

On board we have Russia, Brazil, China, India, South Africa, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Mongolia, Vietnam, Laos, Myanmar, Pakistan, Nepal, Bhutan, Bangladesh, Syria, Saudi Arabia, UAE, Iran, Iraq, Argentina, Cuba, Nicaragua, Venezuela, Bolivia, Peru, Central African Republic, Mali, Eriteria.
At a minimum. It's already a sizeable grouping.

Prospectively also Egypt, Mexico, Angola, Thailand, Indonesia, Philippines, Hungary, Serbia, Montenegro, Lebanon, North Korea, Sudan, Ethiopia, Nigeria, DRC, Algeria, Chad, Afghanistan

Just a disclaimer before John shouts at me

Sorry, my bad, forgot

Arkanghelsk wrote:
Putin sets ruble-for-gas payment deadline – effective April 1

Russian president Vladimir Putin has signed a decree that demands ‘unfriendly countries’ must pay for Russian gas in rubles.

The new law dictates that ‘unfriendly countries’ must open accounts in Russian banks and will come into force on April 1.

Current gas supply contracts will be stopped if buyers from ‘unfriendly countries’ do not meet new payment terms.

RT

Lmfao I like this,  wel give you time... 1 day

No problem FP this is the culprit that sent the last page O/T in a bad way.


Paging Garry.

Chapter and verse on Putin's move today. Charts at link

Contrary to expectations that Vladimir Putin was bluffing about collecting rubles in exchange for Russian energy exports, moments ago a decree signed by the Russian president confirmed that that was not the case.

According to Bloomberg, Putin said he had signed a decree demanding payment in rubles for Russian gas supplies, which is set to begin April 1 as previously reported. According to the decree, while Russia will continue to supply gas at set volumes and prices, it will demand that buyers of gas open accounts in Russian banks, and warned that Moscow can halt gas contracts if buyers don't pay in rubles; additionally, new proceedings in EUR or USD could be blocked. Pushing what many viewed as a bluff to the edge, Putin said that active contracts will be halted if demands are not met, and explained that the move is meant to increase settlements in national currencies.

Putin's decree follows an earlier report in the Russian press that Gazprom was studying options of halting gas supplies to Europe amid RUB payment issues. It also follows comments from the Kremlin which suggested that it would look into the idea from lawmakers to ask other nations to pay for a wider range of Russia exports in rubles.

Indicating Russia's operational readiness to follow through with the plan, Interfax adds that Putin has ordered for special accounts for gas payments to be opened at Gazprombank which will sell gas FX on a Moscow exchange.

In kneejerk response to the news, US nat gas prices spiked - perhaps in anticipation that much of US output will now be LNG-ed over to Europe, potentially creating a US shortage in due course...

... while oil also rose from session lows following the latest SPR release jawboning which has yet to be confirmed by the White House.

Finally, now that it appears the ruble will have to be purchased by western powers, the currency has completed its roundtrip to pre-invasion levels.

https://www.zerohedge.com/commodities/putin-signs-decree-ordering-gas-exports-be-halted-if-buyers-dont-pay-rubles


Also, this is a long post so not cut and pasted

Authored by Mike Shedlock via MishTalk.com,

Conventional wisdom on why the ruble has rallied is simply wrong. Let's discuss the theories and what is really happening...


https://www.zerohedge.com/markets/ruble-regains-100-its-loss-after-russia-invaded-ukraine-why

JohninMK wrote:

Arkanghelsk wrote:
Putin sets ruble-for-gas payment deadline – effective April 1

Russian president Vladimir Putin has signed a decree that demands ‘unfriendly countries’ must pay for Russian gas in rubles.

The new law dictates that ‘unfriendly countries’ must open accounts in Russian banks and will come into force on April 1.

Current gas supply contracts will be stopped if buyers from ‘unfriendly countries’ do not meet new payment terms.

RT

Lmfao I like this,  wel give you time... 1 day

No problem FP this is the culprit that sent the last page O/T in a bad way.


Paging Garry.

You should become an admin yourself

Put in line the riff-raff around here like Arkhangelsk

Now American corporations with leveraged buyouts, asset stripping, and corporate raiding will mop up the rest of the UrinePeon economy!

Looks like the UrinePeons are the true April Fools lol!