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Keyword: worthlessrubles

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  • Germany: G7 rejects Russia’s demand to pay for gas in rubles

    03/28/2022 7:08:14 AM PDT · by marcusmaximus · 80 replies
    AP ^ | 3/28/2022 | FRANK JORDANS
    The Group of Seven major economies have agreed to reject Moscow’s demand to pay for Russian natural gas exports in rubles, the German energy minister said Monday. Robert Habeck told reporters that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts.”
  • Cheap Russian oil is heading to China and India amid sweeping sanctions

    03/26/2022 11:36:08 AM PDT · by RomanSoldier19 · 47 replies
    Market Insider via MSN ^ | 3/25/2022 | htan@insider.com (Huileng Tan)
    Russia is the world's third-largest oil producer, but santions have dented demand for its products. As a result, Russian oil is trading extremely cheaply, making it more competitive as global oil prices surge. Price-sensitive buyers from China and India are buying cheap Russian oil. Sweeping sanctions against Russia have hit the country's oil exports, sending prices down so much that some buyers from China and India are enticed to snap up some cargoes. Russia is the world's third-largest producer oil producer, but the country has fallen out of favor with buyers and investors after its invasion of Ukraine. The US...