Record oil and gas prices give Russia a tool to influence unfriendly countries

March 7 2022 15

Anti-Russian sanctions have led to an inevitable rise in prices for oil, gas and metals on world markets, which has a positive effect on Russian budget revenues. Economic measures designed to “punish” Russia for its operation in Ukraine could backfire.

The price of Brent crude exceeded $139 per barrel. Thus, the cost of a barrel of oil is approaching 17 rubles. Last year, Russia sold oil at an average of 5200 rubles per barrel, while having 9 trillion in revenues to the treasury from the sale of "black gold". Thus, even a two-fold decrease in oil exports will not lead to a decrease in Russian budget revenues. At the same time, such restrictions on Russian producers are impossible, since they will entail serious consequences for the entire world energy market.

This trend is also true for gas, prices for which exceed $2300 per thousand cubic meters. It is noteworthy that from April to October, Europe traditionally fills its gas storage facilities to prepare for the winter season, so the Europeans will inevitably increase their fuel purchases.

Taking into account the fact that Russia occupies about 60 percent of the gas market in Europe, some experts, as part of countering anti-Russian sanctions, propose to slightly hold back the volume of gas exports, supplying gas only under long-term contracts. This will show the European "partners" the seriousness of the emerging political and economic situation.

There is also an increase in prices for metals. So, on the morning of March 7, the cost of nickel rose by 17 percent. Meanwhile, Russian nickel is in great demand in the global automotive industry - German automakers depend on it by about 40%.

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shiva

+6

7 March 2022 10: 34

So what?
The cost of gas in Europe has updated the record and exceeded $ 2600 per thousand cubic meters
It is reported by TASS with reference to the data of the London Stock Exchange ICE.
And we continue to supply under long-term contracts for 300 ??? Hanging a badge "Reliable supplier = Stupid gas station" on your chest

It is necessary to remove Peskov's rotten fish, assign someone from Shoigu's department to the Foreign Ministry, and find at least someone with the voice of Levitan who will say:
Due to the special operation, pumping gas through the Ukrainian pipeline is impossible.
Due to unfriendly statements, pumping through Poland is impossible.
Due to the supply of weapons and the closure of the passage of ships, the Turkish flow has been temporarily suspended.
Due to Germany's refusal to certify sp-2, which is already in readiness under pressure, gas supplies to Europe are impossible.
How your industry will function - we don't care. The burghers will warm their houses with goat poop from Hungary.

Moreover, Gazprom really doesn’t give a damn - it will sell everything that is superfluous to China at normal prices ...

Putin! Stop believing in the mind of our type of partners - it's just a bunch of idiots. He hit his fist - do not slow down, hit him in the jaw with his foot !!!
1. Living7111972
  
  0
  
  7 March 2022 17: 47
  
  Only: shin, knee, groin - do not raise your legs above the waist
Krapilin

+1

7 March 2022 10: 55

The Gas Question is a challenge for Europe. Moreover, they made this challenge themselves and exacerbate it themselves. This makes me happy. However, something else worries, namely: European Nazism has challenged Russian Civilization. The place of the fight - bye! - the territory of the former Ukraine. Anti-Russian and anti-Russian Nazism represents for Europe not a SINGLE invention of “Hitler-and-Company”, an ideological paradigm that ALWAYS existed and exists in Europe, taking at different times different forms and mechanisms of its “eternal” campaign called “drang nah osten”: “ dogs-knights”, “commonwealth”, “Napoleon” and other one way or another organized intervention - it has always been Nazism against us. Today, European Nazism, like an abscess, once again "broke through". The concern is that "purulent Europe" is pushing the world into a nuclear apocalypse. Because NATO, it seems, will stick itself in Ukraine in a confrontation with Russia, and not for the sake of dividing Ukraine, and then we won’t wave aside with Caliber alone.
Bakht

+4

7 March 2022 12: 05

According to the latest data, the price of gas in Europe is already $3000. The continuation of gas supplies to Europe is a crime against Russia. The softest option is the transition to trading for rubles. The hard answer is a temporary suspension of supplies.
The price of oil crossed $130. The maximum was before the crisis of 2008 - 149 dollars. It's not too far.
1. Rusa
  
  0
  
  7 March 2022 12: 37
  
  Continuing gas supplies to Europe is a crime against Russia...
  
  And what about the disabled, pensioners, all state employees, including the military and other security officials, from what funds will they pay, from your pocket?
  The government of the Russian Federation is doing the right thing, I support it. The critical red line of the policy of EU officials has not yet come to refuse the export of gas and oil to European countries.
  1. Bakht
    
    +3
    
    7 March 2022 13: 54
    
    And how are you going to receive foreign exchange earnings for gas? Through which bank?
    The US Treasury has proposed a scheme for obtaining dollars through third banks. And how are you going to convert these dollars into rubles? Or are pensions and salaries in Russia paid in dollars?
    And then, as I said, a soft form - payment in rubles. And then the dollar exchange rate will fall to 50 rubles or less.
    The phrase about "crime" is a quote. Delyagin's speech yesterday on TV.
    1. Rusa
      
      0
      
      8 March 2022 00: 53
      
      Chancellor Scholz announced today that Germany will
      continue to supply energy from Russia, although he supports other sanctions.
      If I'm not mistaken, EU countries buy for euros, not dollars.
      1. Bakht
        
        0
        
        8 March 2022 08: 33
        
        Yes, even for rupees. The main thing is payment in rubles.
        As M. Delyagin says, "We have a special operation in Ukraine. We are at war with the West. The West has declared a war of extermination on us. They continue Hitler's work."
      2. Bakht
        
        0
        
        8 March 2022 08: 42
        
        We understand that due to unfounded accusations against Russia regarding the energy crisis in Europe and the imposition of a ban on Nord Stream 2, we have every right to take a mirror decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline. , which today is loaded at the maximum level of 100 percent. But so far we have not made this decision. Nobody will benefit from this. Although European politicians are pushing us to this with their statements and accusations against Russia
        
        https://ria.ru/20220307/neft-1777090897.html
      3. Bakht
        
        0
        
        8 March 2022 09: 30
        
        Let's consider such a situation.
        Gazprom pumps through Ukraine 109 million cubic meters of gas per month. This is the maximum volume under the transit contract. There is a formula for calculating transit. There are many nuances, but in general, we can assume that the cost of transit is $ 2 per 1 cubic meters. This means that in March Russia must pay Ukraine 000 x 109 = 000 US dollars. I don't remember what the dollar exchange rate was on March 2st. Suppose 218 rubles per dollar. This makes, as you might guess, 000 rubles.
        
        And now we are looking at the "Decree on the temporary procedure for fulfilling obligations to certain foreign creditors." Published on the website http://kremlin.ru/acts/news/67912
        
        1. Install temporary order performance by the Russian Federation, constituent entities of the Russian Federation, municipalities, residents (hereinafter also referred to as debtors) of obligations under loans and borrowings, financial instruments to foreign creditors that are foreign persons associated with foreign states, which are committed in relation to the Russian Federation, Russian legal entities and individuals unfriendly actions
        
        2. The procedure for fulfilling obligations established by this Decree applies to the fulfillment of obligations in the amount exceeding 10 million rubles per calendar month, or in an amount exceeding the equivalent of this amount in foreign currency at the official rate of the Central Bank of the Russian Federation, established on the 1st day of each month.
        
        6. Set that the obligations referred to in paragraph 1 of this Decree are recognized as duly fulfilled, if a:
        
        a) they are executed in rubles in an amount equivalent to the value of obligations in foreign currency (regardless of the currency in which such value is expressed) and calculated at the official rate of the Central Bank of the Russian Federation, established on the day when the corresponding payment was made, to foreign creditors not named in paragraph 1 of this Decree
        
        The list of unfriendly states has been published. There are all EU countries and Ukraine.
        The question is - how will Gazprom fulfill its obligations to the Ukrainian company? He has no right to pay in dollars. A Ukrainian company is unlikely to open a ruble account. Basically, it's a breach of contract. Or payment for transit in rubles.
Bakht

0

7 March 2022 12: 07

If Russia had imposed sanctions on hydrocarbon supplies in December, the war could have been avoided. When you put forward an ultimatum, you need to back it up not with words, but with deeds.
Sergey Latyshev

-4

7 March 2022 13: 30

All nonsense.
Since instead of "influencing" 7 years, "they give ... an instrument of influence" - then this is empty. It's not even signed for nothing.
Jacques sekavar

-1

7 March 2022 13: 38

This is exactly what the United States was trying to achieve - to completely or partially block supplies from the Russian Federation and replace them with supplies from transnational associations, mostly from the United States, and to subordinate the EU more firmly.
By doing this, they immediately kill the spirit of rabbits - they increase their income and undermine the economy of the Russian Federation.
The only problem is how quickly transnational associations can increase supplies to the EU and replace supplies from the Russian Federation.
To do this, it is necessary to increase production volumes, which is problematic to do quickly, or to connect reserves and bargain with Iran, Venezuela, Algeria, Libya, Egypt, Turkmenistan, and in the future with Israel, Cyprus and other state entities.
The same applies to non-ferrous and rare earth metals, the supply of any raw materials, because. there are many explored but not developed deposits, the development of which becomes profitable with rising prices. In addition, vast territories have not been explored on all continents without exception, and the Russian Federation as part of the whole cannot be larger than the whole - the rest of the world with its potential resources, especially if a transboundary, environmental tax is introduced and excluded from the WTO and other organizations
It is necessary to take advantage of the situation, but do not flatter yourself and believe that this will always be the case.
Oleg_5

0

7 March 2022 16: 39

Do not give. Those who are smarter sit on long-term contracts, which are much cheaper. They swing, and weld on tenfold, selling at spot prices.
At the same time, slandering us and imposing new sanctions.
Vladimir Daetoya

0

8 March 2022 06: 56

And Boeing itself abandoned our titanium. Oh, we didn’t have time to show them our big and fat one.