Posted on 04/10/2022 11:02:12 AM PDT by topher
(Reuters) -- Russian President Vladimir Putin said on Thursday that he had signed a decree saying foreign buyers must pay in rubles for Russian gas from April 1, and contracts would be halted if these payments were not made.
"In order to purchase Russian natural gas, they must open ruble accounts in Russian banks. It is from these accounts that payments will be made for gas delivered starting from tomorrow," Putin said in televised remarks.
"If such payments are not made, we will consider this a default on the part of buyers, with all the ensuing consequences. Nobody sells us anything for free, and we are not going to do charity either -- that is, existing contracts will be stopped.
(Excerpt) Read more at asia.nikkei.com ...
Ruble is now higher than before the war began.
This story came out April 1, 2022 - it shows WHAT STUPID FOOL JOE BIDEN IS.
Trump had a good plan in progress. Or did Putin’s war make that go away too PedoJoe?
Are rubles even real money? Right now it is being treated as something rather like a cryptocurrency, and may turn out to even more volatile.
Someone in the media was confused why the sanctions were not hurting Russians and the Russian currency. Maybe this is why.
Germany and others are going to pay whatever necessary to get their required items from Russia.
I suspect he’s timing it to the final assault on the Ukrainians. Going to give Europe something far closer to home to deal with just as the fun is beginning in Ukraine.
One of the cryptocurrency exchanges I use allows liquidity farming. I’ve been noticing a lot of ___-RUR pairs opening up lately. A month ago there were none.
Putin decreed that anyone wanting to buy Russian oil or gas, they would have to deposit Rubles in a Russian State Bank.
Just as some European countries require the Euro, Russia uses the Ruble inside Russia for the average Russian to use to buy bread, etc.
Putin Signs Decree Creating Ruble Payment System For Russian Gas To Bolster Currency
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