Not really because they have contracts. And the contract says payable in USD (or Euros in some cases).
Like Putin’s not going to take Euros.
I agree with Armstrong, this is likely to be a major miscalculation on the part of the idiot Biden administration. A lot depends on what China (and to a lessor extent other countries) decides to do. All Putin has to do is threaten to withhold gas & oil until his conditions are met or much of the world including Europe heads into an immediate economic depression.
Russia and China did not join the US/EU green lunatic suicide pact. Russia, despite this catastrophic debilitating war with Ukraine, and China will ultimately become stronger while the US/EU will become weaker and crippled by the green lunatic poison.
Putin is playing chess. Biden is playing tic tac toe.
Who runs Bartertown?
Martin Armstrong word’s of wisdom:
“Putin Could Take All of Europe in the Blink of an Eye”
Putin’s “ airforce could flatten Ukraine and probably win the war in a matter of days. “
https://www.armstrongeconomics.com/world-news/war/comment-from-inside-ukraine-lack-of-peacemakers/
“The Ukrainian city of Kherson has now fallen to Russia. This is a vital port city for Ukraine. They cannot win against Russia. “
https://www.armstrongeconomics.com/world-news/war/ukraine-reality/
Why does anyone pay attention to what this moron has to say?