It seems to me that Pooty Poot’s new rule is that Germany has to set up an account at the Gazprom bank. German can send Euros into this account to pay for Rooskie natural gas. This bank then converts the Euros into Pooty’s Rooskie Roubles, and everyone is happy.
What am I missing? Is the Gazprom bank’s Euros to>>> Roubles conversion done at rip-off rates?
It appears from the objective analysis of the thinkers on this thread that this is the case.
What am I missing? Is the Gazprom bank’s Euros to>>> Roubles conversion done at rip-off rates?
That appears to be the remaining question, Ruble exchange rates change by the minute, so only completed exchanges will reveal profit or loss.
I only posted the fact that Putin and Russia have initiated this payment requirement by originating this thread.
Most of the further observations are made by others.