Posted on 04/01/2022 8:09:38 PM PDT by yesthatjallen
Russian energy giant Gazprom said on Friday it was exiting its business in Germany, amid a dispute between the two countries over Moscow's insistence on switching payments for Russian gas to rubles from euros.
It was not immediately clear how the move would affect the supply of Russian gas, on which Germany depends for about 40% of its needs.
The company said it had terminated its participation in Gazprom Germania and all of its assets, including Gazprom Marketing & Trading. It provided no further details or explanation.
German business daily Handelsblatt reported on Thursday that the German economy ministry was considering expropriating the Gazprom and Rosneft units in the country amid concerns about the security of energy supplies.
The Kremlin said on Friday that any such move would be a violation of international law.
Gazprom Germania is based in Berlin and its only shareholder is Gazprom Export, a wholly owned subsidiary of Gazprom.
The German entity has subsidiaries including in Switzerland and the Czech Republic.
SNIP
(Excerpt) Read more at amp.cnn.com ...
Germany is Going Green!! yeah!
They're finally going to have to shut down their ovens.
Germany makes a strategically disastrous decision every generation. This time they adopted most enthusiastically green lunacy and attacked with fervor the fossil fuel industry. Yet they needed fossil fuels and became dangerously vulnerable. The Russians could not resist payback for Germany’s historic crimes against them and is no doubt taking great delight in turning off the gas.
Am I the only one that has pigs flying around their yard?
Twice already this week, I have seen straight NEWS stories from CNN with no bias, I could detect.
I’m comin Esther. This is the big one.
Winter almost over, so easy for Germany to act tough.
Wait until next winter.
West’s sadomasochism? Why anti-Russia sanctions have no effect but to inflict pain on everyone in the Western World
Ekaterina Blinova
Sputnik
2022-03-31 19:21:00
1094159333_0_108_3259_1941_192.jpg
The cost of bread, cereal, pizza, pasta and other foods in the US could spike, the Hill warned, five days after Joe Biden admitted, while predicting food shortages, that the price of sanctions imposed by the West upon Russia will inevitably backfire on “an awful lot of countries” including the US.
According to CNBC, the US and its allies are planning new sanctions on more sectors of Russia’s economy because of Moscow’s special operation to demilitarise and de-Nazify Ukraine even though the restrictions already imposed have hit supply chains, disrupted deliveries of raw materials, sent energy prices higher and dealt a blow to agriculture.
Since 28 February, the West has doubled down on isolating commodity-rich Russia from global finance. By 4 March, major international shipping groups - including container lines - “suspended almost all cargo shipments to and from Russia to comply with western sanctions,” according to Reuters, thus bringing a halt to Russia’s deliveries to the global market of critical commodities, including fertilisers and wheat. The US’ Russia energy ban and the EU’s pledge to cut supplies of hydrocarbons from Russia have put a rocket under oil and gas prices.
Comment: The West has been sanctioning Russia since 2014, yet Putin has managed to thread the needle, and bring Russia to a state of strength it has not enjoyed for nearly four decades. The West, led by the U.S. is committing economic and political suicide. What is driving them?
Putin says the key to Russia’s greatness is strong economy & innovation
Western sanctions have strengthened the Russian economy
Russia to overtake Germany as world’s fifth-largest economy in 2020
Putin flips sanctions, demands rubles for Russian gas from ‘hostile’ countries, says credibility of dollar and euro is ‘destroyed’
‘Escobar: “Rublegas’ the world’s new resource-based reserve currency
It’s all very simple really, as Putin explains it to Germany:
You send Rubles and we send gas,
They can get their energy from all those UGLY windmills that dotted the countryside when I visited. Many inoperable.
If you want to ruin a landscape or view, build windmills.
What’s Germany’s complaint? Running their country on “eco-friendly” windmills and solar farms has been their state goals for years.
Germany would still be screwed without Russian natural gas for their manufacturing and chemical businesses. Russia shuts off the gas and there will be a global recession if it isn’t averted quickly.
Green energy is the PROBLEM not the solution.
I have to go there next week. :-(
And just how the heck would they get gas flowing from Russia if they seize Gazprom assets in Germany?
Nice way to commit suicide when its currently freezing in Europe. The sheer stupidityof the German government knows no bounds.
The Germans hoisted on their own petard.
Not a big deal. Germany can reduce the output of their economy by 40%. At least they’re being green and they won’t have to buy fas from the evil Russians.
“ Russia to overtake Germany as world’s fifth-largest economy in 2020”
What actually happened is that Germany is now the fourth largest GDP in the World, and Russia is still not in the top ten.
Russia’s GDP (before this war) was smaller than Italy’s. Russia’s total GDP is about the same as South Korea, despite having three times the population.
Russia’s GDP is dominated by oil and gas, and is heavily concentrated in the hands of Putin’s crony oligarchs. 500 people own the majority of the wealth in Russia.
“ I have to go there next week. :-” (Germany)
FYI, They are having their Omicron wave. Might be helpful to get a booster.
Or a bottle of Ivermectin.
LMAO. A booster. And should I have gay sex too to make sure I fit in?
Sanctions on Russia have hit Russia hard. It causes some pain in the west, but that’s a scratch compared to the amputations in Russia.
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