Putin Says “Hostile” States Should Pay In Rubles For Russian Natural Gas

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Russian President Vladimir Putin said that Russia would start charging the countries it considers “hostile” in rubles for its natural gas. Putin’s list of “hostile” states includes the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others. Putin is introducing this new radical measure because he says there is no point in selling Russian gas or oil for dollars or euros if he can’t spend them due to sanctions. EU countries are already saying they won’t pay in rubles. The situation is likely to escalate.

The US is the world reserve currency in large part due to oil being traded in US dollars. Putin’s demand to trade in rubles threatens the US petrodollar.

 

 

  • Putin: ‘unfriendly states will pay Russia in Rubles for natural gas.
  • Putin ordered the Russian Central Bank to develop a system for payments in rubles within a week.
  • The list of “hostile” states includes the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others.

Russian President Vladimir Putin said on Wednesday that Russia would start charging the countries it considers “hostile” in rubles for its natural gas.

“I have taken a decision to switch to ruble payments for our natural gas supplies to the so-called hostile states, stop using the compromised currencies in such transactions,” Putin said, per a transcript published on the Kremlin website as carried by Bloomberg.

The Russian President—whose list of “hostile” states includes the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others – has ordered the Bank of Russia, the central bank, to develop a system for payments in rubles within a week.  

“At the same time, I want to emphasize that Russia will definitely continue to supply natural gas in line with the volumes and prices, pricing mechanisms set forth in the existing contracts,” Putin said at a government meeting today.

It makes no sense for Russia to export goods to the EU or the United States in U.S. dollars or euros, Putin added. 

Read full article here…

 

ZeroHedge:     https://www.zerohedge.com/markets/rabo-gasoline-stimulus-checks-how-you-return-70s-style-wage-price-spiral

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Janet
Janet
8 months ago

Not sure exactly what all this posturing is about but I do know the money changers, in their plans, have been moving power to the East..China and Russia…for at least 30 years. They also want to destroy the petro dollar, America and Europe ..SO CHECK, their ultimate wet dream is the digital social credit score system so crashing the economies then saving the world with their new demonic digital 24/7 surveillance credit system. Is Putin this great defender of his nation or just another kosher controlled useful idiot? Time will tell but if he was NOT controlled he would of… Read more »

Milton Farrow
Milton Farrow
8 months ago

Putin was correct all along, except he had no way of ” getting even” with the
US so he exploded on their sattelites of which Ukraine is one of many-As Usual
The US intervened in the Ukraine 2014 election and tipped the scales because
corruption in Ukraine is implicit-Trump had to go because the “Neo_Cons would not trust him “to follow orders”

Pat Price
Pat Price
8 months ago

Did Putin just “Check” the Global Cabal or is it “Checkmate” for their debt based fiat currency?

terry shead
terry shead
8 months ago

These idiots who run the show are just plain stupid, you will own nothing and be happy, now the next thing Dr David Martin is to sue Old Joe, I would not like David after me, he is so smart and every item recorded is the truth. Wake up people.

Ragnar D.
Ragnar D.
8 months ago

It’s almost as if they’re TRYING to destroy the petrodollar…