0 $
2,500 $
5,000 $
100 $
DECEMBER 2022

Kremlin Determined To Secure Russian Economy: No Rubles, No Gas

Support SouthFront

Kremlin Determined To Secure Russian Economy: No Rubles, No Gas

Leon Mill spray paints a sign outside his Phillips 66 station in Perkasie, Pa., on June 1, 1973, to let his customers know he’s out of gas. An oil crisis was the culprit, squeezing U.S. businesses and consumers who were forced to line up at gas stations for hours.

On March 31, Russian President Vladimir Putin has signed a decree on payments for gas with «unfriendly countries» in rubles. According to the document, since April 1, Russian pipeline gas should be sold for rubles to “unfriendly countries”. So, the export-orienteered power seeks to secure gas delivery from blockages.

The key point highlights that regulations do not cover LNG.

Vladimir Putin stated: “We offer contractors from the list of countries a clear and transparent mechanism. They must open ruble accounts in Russian banks to purchase Russian natural gas”.

This payments’ system implies next:

  • payments are done if the funds received the currency are credited to the ruble account
  • the Central Bank sells this currency on the Moscow Stock exchange and credits the received currency to the ruble account
  • transferring funds to a foreign currency account
  • opening the accounts in Gazprombank of “K” type : ruble and foreign currency

The Russian leader said that the gas supplies would be financed from these accounts since April 1 and “if consumers refuse to pay under such framework, Russia will consider it non-fulfillment to the obligations with all ensuing consequences”.

The new payment mechanism for natural gas will be operated during the two time-frames. Supplies carried out from April 1 with “unfriendly countries” will be payed in the second half of April or in May, depending on the country.

The requirement does not mean that any of the customers will be left without gas immediately.

These measures followed western sanctions in financial sector. In accordance with it, Russia sees no point to use the “unfriendly” countries’ currencies while their financial system being “weaponized”.

“The foreign companies refuse to fulfill contracts with Russian banks, enterprises and individuals, and the Central Bank’s assets in dollars and euros are frozen”.

Vladimir Putin: “In fact, what is happening and what has already happened: we have supplied our resources (gas) to European consumers. They have received it, paid us in euros which have been frozen themselves. In this regard, we have every reason to believe that in fact we have delivered part of our gas to Europe free of charge”. On this occasion, there is no need to supply Russian goods to the European Union by euros.

On the other hand, Russia is to continue supplying natural gas in accordance with the volumes and pricing principles fixed in previously concluded contracts while buyers are given the opportunity to purchase rubles on the domestic Russian market according to a simple and transparent scheme (in this case both sides are satisfied – one of them transport energy and is payed for that while the other has the ability to use it without limits).

France, Great Britain, Austria, Poland, Lithuania have criticized the act and already refused to pay for gas in rubles. Earlier, the G7 and the European Commission stated that they consider Russia’s demand as a clear violation of contracts, and urged companies not to comply with it. The authorities of European countries stated that the payment should be made in the currency specified in the contracts. According to the head of the European Commission, Ursula von der Leyen, the transfer of gas payments in rubles is Moscow’s attempt to circumvent sanctions. But it should be mentioned that the currency of the contract has not been changed only the currency of payments. It implies that the contracts’ terms haven’t been violated.

At the press conference on March 31, Mr. Scholz said that Germany would continue to pay for Russian pipeline gas in euros in accordance with existing contracts. He stressed that the country is determined to decrease Russian oil and coal share in its energy balance until the end of the year but gas reduction would take more time, “not a couple of days”. The reason concludes in the infrastructural gap in Germany for the suppling of other, alternative, energy carriers.

Press secretary Dmitry Peskov responded to the actions by saying that Russia is not intended to “do charity” and supply gas to Western European countries for free: “no payment, no gas”. On March 30, Peskov said that Russia would not yet switch to ruble because this is a “time—stretched process.”

Also, the Russian President admitted that the transfer of payments in national currency is “an important step towards strengthening financial and economic sovereignty.”

“We will continue to consistently and systematically move towards this direction within the framework of a long-term plan in order to increase the share of settlements in the national currency and the currencies of countries that are reliable partners in foreign trade,” he stressed.

Thus, the world economy dominated by dollar and euro seems to being changed and structed by the new rules.

MORE ON THE TOPIC:

Support SouthFront

SouthFront

Subscribe
Notify of
guest
76 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
NATO is laughing at you

Plenty of gas here, no rubels…

hash
hashed
ZELENSKY TRUE MIDGET

The jokes on you,eurotrash kike,satan calls your bluff,enjoy the ruins of your lgbtq ideology,puf!

Chad

Are you sniffing your mom’s butt?

Yuri

nato is fueled by this pleasure when mom’s bf sodomizes him

Chad's mom

Chad, your nose needs to be in my ass like right now

Razr

The go lick his nut sack, what’s stopping you, Fag Fart??

Fergi

I know… you ride a bicycle and you are broke. But the people that need fuel can’t get it and they must work to pay for fuel that was once affordable.

Putin's MASSIVE Balls, NATO's empty nutsack

Right, Whatever. Let’s talk in 6 months, Hahahaha…

+1…no shit. Bullies talk tough, until they visit reality. Time will tell and 6 months is about right.

Yuri

you pay double—-LOL. thanks nazi hillbilly–you alabama trailer park crack heads are very generous

Last edited 8 months ago by Yuri
Russia lost 2 teeth in Ukraine

https://i.postimg.cc/Ssk31rCT/1648882835000.jpg

Razr

Man, feel sorry for you, After full night orgy with Ukro Nazi Fags, you look like this. At lest you are alive.

Hohols get nuked

Is that it? A schizo looking children’s drawing. You NATO pidarasy suck at propaganda so go tie a noose around your neck and end your useless existence, Jewlensky cocksucker

S Balu

NATO is laughing at you There is certain truth in your comment as mechanism has been worked out whereby EUROS WILL BE DEPOSITED IN RUSSIAN CONTROLLED BANK THAT NOT UNDER SANCTIONS AND CONVERTED IN RUBELS SLIGHT DEVIATION IS IN PAST IT WAS DEPOSITED IN EUROPEAN/US BANKS

Peppe il Sicario

What gas? The type that ferments in your bowels and is channeled out of your extra-wide broken anal orefice, but now is coming out of that shit-hole impersonating a mouth, that gas?

rex

Here? On Mars? On Venus? Because in the EU we are paying in rubles.

Radio Paul

You are right about that when you say “plenty of gas here” you are clearly full of gas :)

Carlo

Dear Russia… shut down the faucets now! Stop dealing with these Westerner hypocrites

hash
hashed
Waffen SS

lol UK germany and rest of Europe have more gas oil and energy combined than russkie dream on

Kenneth

lol they actually don’t

Porc halal

Of course they don’t…its just an infantil bluffing coming from a super-brainwashed sick super-political-correct-junkie-eurotrashed-mind…robots are more human than these “covidiots”

Last edited 8 months ago by Porc halal
Porc halal

You need your 10th booster shot boy…your chip glitching again …

Nark

where?.. in Russia?.. molon labe

Ivan

Please, we have been working hard doing nothing for 55 years, while houses fill up with moorish dancers. Please shut them down.

FreeManSon

Rumour say that large withdrawals from banks in cash are being denied. Is the banking system a large ponzi scheme ? They lend money they don’t have?

hash
hashed
Kenneth

yes

Ivan

The so called money isn’t even exchangeable currency. Same for me, I can pay and receive but I dont exist to be paid, unless I register as a slavish agent of Zion.

ZELENSKY TRUE MIDGET

Russia stocks up! Midget britain can suk nazi kok,no future in fascism nor 21st century turncoat demented puffs!

hash
hashed
zzz

Literally, I cannot find a western article that talks about gas for rubles and at the same time admits that the unfriendly countries in question basically stole back the euros they paid with over the previous years… of course that is because admitting this to your dumb readers will make it sound funny when you are also complaining about “contractual violations”…

hash
hashed
No Mercy for Russians

In Bucha we discovered over 560 civilians kids womens pregnant womens elderly people killed at blank point on the streets with their hands tied up . We promise that we will kill all Russian solider no Mercy to them no surrender nothing we will destroy them everything what is Russian in Ukraine. Now over 1 million people have taken arms we will obliterate everything what is Russian from Ukraine. This is genocide not war between army 😤 we will not spare any life of Russian army. We will make you pay we will send you in body bags from all Ukraine back to the animals cave in Russia. And nobody can stop us doing this neither our president nobody we will make our own weapon and we will eradicate all of you filthy Orcs disgusting humans. You pice of shit Russian soldiers scumbag. We will make you pay dearly and we will show to all your wife and family members what Russian army did in Ukraine. Now you don’t fight only against Ukraine army you fight against all Ukrainians 45 million of them and we will make you pay you Fucking animals. Imagine your child get killed by putin because it doesn’t like your Government in Ukraine because the population is to free. How would you feel?? What you will do ? Ukrainians are going to kill all of Russian soliders. Slava Ukraine Death to Russian soldiers all of them they will pay.. An army doesn’t behave like this. The Russian army behavior is even worse than Hitler army. They will pay and they are already paying.

hash
hashed
Last edited 8 months ago by No Mercy for Russians
No Mercy for a hapless Mental Midget like you

Nothing will happen to Russia other then they take half your country, become vastly wealthier charging Rubles for gas and expand their markets in Asia. Shit for brains you are.

Yuri

hillbilly moron in alabamy sodomized by taliban, now humilited by Russia—find new lgbt therapist to address your trauma or find better drug dealer

Lodbrok

There is indeed a need for denazification in the U-kra(i)ne

Staroslav

Nice try faggot: https://t.me/intelslava/24269

GENERAL NOVOROSSIA DEATH TO UKROPISISASHKENAZISTAN

I Knew it was a false flag as if russians who were fighting for bucha for weeks but not actually in it had the luxury to round up 600 civilians and firing squad their ass while being under constant artillery tank and grad fire. We know cia tricks by now we are veterans in it

GENERAL NOVOROSSIA DEATH TO UKROPISISASHKENAZISTAN

Lol russians were not even in bucha ….. you were repeating this yourselves for weeks!

Nice false flag, who is the director? I need a good one for upcoming show involving your puta mum

How much Bibi pay you for this? 2 shekels so u can afford piece of bread? Fuckin nazi bot

Sky

Euro will crash to Zero

hash
hashed
Tommy Jensen

Crash to what? Zero dollares or Zorro ruble?

Matt

Russian Federation should have done this after Maidan 2014. And gone even further after the coup and the assault and murder of the people of the Eastern Donbass with Russia vacating it’s seat at the UN “Ca$in0″HQ’s in Manhattan with a speech that told all of the other va$$al members… That a new UN would be opening in Moscow where the rule of law will apply to ALL it’s members including the new Host!…

hash
hashed
Last edited 8 months ago by Matt
Waffen SS

Instead they waited 8 years and failed miserably taking Kiyv, losing 8 advancing SU-30sm/34 jets, 12 ka52 alligator, hundreds of t-72b3, thousands of BMD-3, 20,000 troops and end up withdrawing from Kiyv all for nothing.

Anus SS

That’s why your President is screaming for a no fly zone, he’s negotiating with the Russians and scrambling to every emasculated leader in the West asking for help. BTW, Hitler hated the Slavs, why are you using NS imagery for your flags and who told you it was ok?

GENERAL NOVOROSSIA DEATH TO UKROPISISASHKENAZISTAN

Because he is retarded inbred closeted confused lgbtq weirdo

Yuri

only moron nazi from alabama trailer park wants to occupy kiev—now anarchy governed by criminal gangs looting and raping

Ivan

And not one smartphone picture shows the evidence.

Waffen SS

More goodies inbound for Ukraine military include 1 starstreak missiles 2 harpoon anti-ship missiles (UK) 3 BMP-2 upgraded 4 T72 upgraded 5 switchblade UAV

hash
hashed
Anus SS

Your not real NS you’re Slavs. You belong to Russia. Change sides and support your blood brothers.

Anus SS

Yawn…

Yuri

yet ucrappystan military not proficient w bow arrow—denazification nearing completion

Clyde

Going to look very good in DPR victory parades in May.

JHK

SF Phaggots only accept rubles also.

hash
hashed
Putin kicks JHK into the Dirt!

Maybe, what are you planning on paying with, glory hole ticket stubs or dildos?

bob bob

winter is mostly over.

hash
hashed
Yuri

irrelevant Europen industry cannot function without Russian gas/oil

Yuri

rouble now exchanges vs dollar even better than prior to denazification campaign in ucrappystan—thanks to the alabama hillbilly morons and their idiot leader, emperor bill gates

hash
failed
Zhu Roger

Russia has a right to expect payment for their oil.

hash
hashed
Joshua

There is no existent authority to ‘impose sanctions’, in an extrajudicial and extraterritorial manner, upon the Russian Federation, or anybody else. Even more so upon the grounds of political disputes which clearly arise from the provocations and outright aggressions (both overt and covert) of those who are acting outside the jurisdiction of their soveregnty in these matters and in the disputes in question. I might add that it is even more relevant to take into consideration the real value of the US dollar in the first place, for instance. If an American citizen decides that they wish to purchase even one gram of refined gold, it will cost them around $104, to purchase and have delivered into their actual physical possesion in reality. That means that even for an American citizen, in America, and an American who is not under ‘sanctions’ (by the way), his wonderful dollar bill is factually of the equivalent value of approximately 1/100th of a GRAM of gold. And that is only if the US government (in its infinite generosity) elects to honor the notes at all, in the first place. And the euro is little better. On the grounds of this absurd fact alone, I say that if the Russians want to be paid in rubles (and I don’t blame them), then guess what, pay them in fucking rubles.

hash
hashed
goingbrokes

With oil and gas prices rising Russian oil companies are enjoying record profits! Good job Biden, who are you working for?

hash
hashed
B A

Aside from honoring any existing contracts that are fully paid as cash notes and dispensing those volumes, turn off the taps to these deadbeats ASAP.

Then dramatically throtte gas and oil production and double to triple the reseve life for these resources (from 20 years to about 50 years).

The US has already frakked itself dry and has only about 10 years of reserve life for its oil production.

Let the bootlicker states demolish their own economy, and invest in the long term big picture.

hash
hashed
The maharaja

Germany answered the request with a FU. Then announced they were sending 5000 anti tank weapons to Ukraine…Russia has announced it will send a late notice in a couple months and a disco notice two months after…..then a possible what ? another notice a harsh worded letter?

While Germany uses Russian energy to repair old T72 and BMP bound for Ukraine …. The Russian army has to fight Ukraine and its own government I guess. Pathetic.

hash
hashed
David

Nothing is changed in the global petro-dollar system yet. Isn’t it obvious from the past two years that the psychopaths in power have been trying to crash the global economy and reduce the population? So what makes anyone think they’re going to give in to Putin and pay for gas in Rubles? Odds are that the psychos will refuse to pay, and force Putin to shut off the gas. And at the same time they’ll be acting to block Russian gas diverting to other countries like India and China, while the media propaganda machine blames all of the economic devastation on Russia and clamors for WW3. Make no mistake, this is the British behind this, intent on destroying Russia and Germany again, same as WWI and WWII, and again using the US and Western European countries as their attack drones. There will never be peace as long as Britain and Israel, and their treasonous puppets in other countries, exist.

hash
hashed
Last edited 8 months ago by David
Ivan

Both sides are brainwashed drones, neutered and dysfunctional. The ritual cannibal ubers and their cannibal class followers move all of the players like pieces on a board.

David

Agreed. At the root of all of this chaos is a deep spiritual crisis among humanity. People think they are their fake personalities, and have lost all connection with what’s genuine, inside and outside of themselves. The only way out is for people to look inward and wake up.

Ukraine a state with no sea coast

Germany will have to use again Zyclon B to warm its houses…

hash
hashed
Porc halal

Ukraine , a landless “state”…

Mark

This is Russian legitemate demand to sell energy in own currency. What is wrong in this? Every country has right to sell their own energy in own currency.

hash
hashed
JerryDrakeJr

Europe: We have imposed sanctions on Russia and we have violated ALL the agreements that can harm the Russians, but we insist on consistent adherence to all agreements whose violation could harm us in Europe! We in Europe will completely ignore every lawsuit that Russia files with the international court for violating the agreement, and we will win all the lawsuits we file with the international court against Russia because, quite by chance, the international court is with us in Europe and we control it!

Excuse me, in which world, on which planet … in which dimension does that Europe live !?

Gentlemen of Russia, can you add Brussels and The Hague to the top of the list of targets for a nuclear attack !?

hash
hashed
Last edited 8 months ago by JerryDrakeJr
MiG-21

The last sentence of your comment is a most excellent idea. For those extremely hypocritical, extremely arrogant, murderous whores of Uncle Shmuel, the exterminator is long overdue. A special delousing operation is desperately needed for those chicken hawk bastards.

Yuri

jens now claims new danish innovation famous dane automobile fueled by bad danish havarti mink blood cocktail—60,000 kroner per liter…famous dane ghost car use 1 liter per km jens famous innovator of nazi values

hash
failed
Last edited 8 months ago by Yuri
Mark

Can Washington and NATO states sell their products in Rubles?

hash
hashed
Mark

Russia is not their slave member state to take instructions from them. Either pay in Rubles or ready for energy crises protests.

Mikhail Mizintsev white haired general faggot

Not even a country like Lithuania will pay with the shitty rubles. They’re just cutting Russia off. It’s not like rubles are worth anything to anybody. https://www.yahoo.com/news/lithuania-ceasing-russian-gas-imports-190750664.html

hash
failed
Last edited 8 months ago by Mikhail Mizintsev white haired general faggot
76
0
Would love your thoughts, please comment.x
()
x