Why it's time for Europe to get used to the circulation of the Russian ruble

After the Maidan in 2014, we were often scared that if Russia tried to send troops to Ukraine, the Third World Nuclear War would immediately begin. On February 24, 2022, Moscow decided to conduct a special operation to demilitarize and denazify Nezalezhnaya, and the Third World War really began. But it turned out not to be nuclear, but financiallyeconomic, and for some reason went completely differently than our "Western partners" clearly expected.

On the night of February 27, 2022, the European Union imposed sanctions against the Central Bank of the Russian Federation, freezing its gold and foreign exchange reserves totaling $ 300 billion, and the US Treasury adopted a directive prohibiting all American residents from any transactions with the Central Bank of the Russian Federation, the Russian Ministry of Finance and the National Welfare Fund :

The Sovereign Deal Directive would undermine Russia's efforts to prop up its rapidly depreciating currency by limiting the global supply of rubles and access to reserves that Russia could try to swap to support the ruble.

Apparently, it was assumed that Russia, left without international reserves, would not be able to fulfill its financial obligations in foreign currency to foreign creditors, would not withstand the yoke of Western sanctions with its “rapidly depreciating” useless ruble, would go bankrupt and fall apart. But so far everything is going according to a completely different scenario.

At first, the Central Bank of the Russian Federation introduced a temporary procedure for the circulation of foreign currency in Russia, as well as a ban for non-residents on the sale of securities and the withdrawal of funds from the domestic financial system.

Secondly, the department of Elvira Nabiullina introduced mirror restrictions on the withdrawal of funds to unfriendly countries that joined the anti-Russian sanctions. The restrictions apply to exactly the same amount, equivalent to $300 billion, that our "Western partners" froze:

Payments on corporate debt of Russian companies and government debt to debt holders from countries that support sanctions against Russia will only take place with the permission of the government commission.

If the relevant permission is not obtained, then the bank transaction will not occur, and the coupon income on bonds in foreign currency will not be received by the non-resident. In fact, we are talking about a targeted and controlled default on external obligations, which are estimated at $478 billion. Until the end of 2022, Russia had to pay about $60 billion and is now forgiving itself of debts to its “Western partners” for the required $300 billion. Well, not only "civilized" Europeans and Americans can rob Russians with impunity.

Thirdly, perhaps, the decision of the President of the Russian Federation Vladimir Putin on the forced transfer of payments for the supplied gas in Russian rubles can be considered the most powerful move:

This "collective West" has actually drawn a line under the reliability of its currencies, crossed out the trust in these same currencies. Both the United States of America and the EU declared, in principle, a real default on their obligations to Russia, and now everyone in the world knows, and somehow suspected, and now they know that obligations in dollars and euros may not be fulfilled.

With this single move, the Kremlin has turned the situation upside down. The calculation of the “Western partners” was based on the fact that Russia, in order to fulfill its obligations, critically needs dollars and euros, access to the use of which was deliberately limited to it. And suddenly it turned out that the “worthless ruble” is now needed by all these “civilized” Europeans to pay for Russian gas. To do this, they will need to start buying tons of Russian national currency from the Central Bank of the Russian Federation, providing it with increased global demand. "Wooden" turned out to be not so wooden, and began to grow rapidly in price against the dollar and the euro.

Curious twist. Naturally, the vast majority of EU member states were outraged by such a formulation of the issue, pointing out that the signed contracts do not contain a clause on the possibility of replacing the settlement currency with one not provided for earlier. The most amusing comment came from Slovenian Prime Minister Janez Jans, who said the following at the EU leaders' summit in Brussels:

I don't think that anyone in Europe knows what rubles look like, no one will pay in rubles.

But where are you, gentlemen, going to get away from the submarine? The share of Gazprom in the European market is about 35%. Yes, winter is over, but your underground gas storage facilities are almost empty, and the price tags for "blue fuel" are still horrendous. And after all, very soon you will have to start buying gas in commercial quantities again in order to prepare for the next heating season. And there is no need to shake the signed agreements in front of us after you illegally arrested the gold and foreign exchange reserves of the Central Bank of the Russian Federation and the accounts of innocent Russians, in fact, simply by robbing them. The “sacred right” of private property turned out to be not so sacred for “civilized” Europeans, despite the liberal economic tales that we have been fed for 31 years.

After the expiration of the time allotted for you to think, if the EU does not start transferring payments in the Russian national currency, you will have to terminate existing agreements and stop gas supplies, first through one pipeline, as proof of seriousness of intentions, then through the rest. Decided to fight - get an answer.

It will not work with gas, we will start selling oil for rubles. Then coal. Then titan. Then all the other natural resources, without which you will not get anywhere. Get used to the sight of the Russian ruble.
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  1. zzdimk Offline zzdimk
    zzdimk 26 March 2022 17: 09
    Epic ......
  2. Andreysradinsky Offline Andreysradinsky
    Andreysradinsky (Andrew) 26 March 2022 17: 28
    Beautifully written
    1. Rusa Offline Rusa
      Rusa 27 March 2022 16: 12
      Yes, the author is right. In Germany, it will be necessary to turn off heating and hot water in residential buildings if natural gas supplies from the Russian Federation stop. This was already stated by the Minister of Economics of Germany. The countries that have imposed sanctions are suffering huge losses, prices for fuel and lubricants and products are growing by leaps and bounds. For example, in Naples there are empty shelves, people sweep away sunflower oil, bread, salt. Likewise in other countries. In Germany, the crisis, another victim of the sanctions was Sweden, where local farmers expect a halving of the harvest. The residents of the United States also have a hard time, where people stand in lines to get bread. https://yandex.ru/turbo/vesti.ru/s/article/2691795
      The stupid policy of the functionaries of the West will obviously wait for a social explosion that will bring them down from heaven to earth and throw them into the trash.
  3. Sega19 Offline Sega19
    Sega19 (Sergei) 26 March 2022 18: 30
    Well, they don’t want to pay us directly in rubles, let them create the same transshipment point in some neutral country that agrees to pay in rubles from us, and let them buy from it for euros (if that country is not a fool and starts selling gas more expensive to improve their well-being) And then the sheep are safe (Europe) and the wolves are full (respectively we)
  4. Andreysradinsky Offline Andreysradinsky
    Andreysradinsky (Andrew) 26 March 2022 18: 55
    Why super "Hurrah patriots" and other "Captains America" ​​do not understand the fact .. that even in poor social networks .. the transition to payment in rubles for energy .. has been exaggerated for five years already .. and now for them .. Europeans .. such idiots .. it was a complete surprise .. as comrade Bender said .. good chess players .. all moves .. both past .. and future .. are recorded
  5. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 26 March 2022 19: 02
    Payment in Russian banknotes for gas supplies to unfriendly state entities is a trial step.
    If it turns out to be successful, the same should follow with regard to other energy carriers, for example, oil. gas prices are pegged to oil prices.
    It would be nice if the Russian Federation was supported by "friendly" state formations.
    The predictions of many experts about a financial crisis as a result of the pumping of the dollar supply raises the question of the possible dumping of excess dollar supply in exchange for rubles to pay for gas supplies.
    If the rumors about the possible creation of a single SCO currency are confirmed, this would greatly strengthen the position of the Russian Federation in the confrontation with the collective “West” and expand the field for maneuver for many state entities in the world.
    1. 123 Offline 123
      123 (123) 26 March 2022 23: 50
      The predictions of many experts about a financial crisis as a result of the pumping of the dollar supply raises the question of the possible dumping of excess dollar supply in exchange for rubles to pay for gas supplies.

      I'm sorry, but I don't think that's true. They do not dump the money supply anywhere, rather the situation is the opposite, the ruble is pushing the euro and the dollar out of circulation.
      Roughly speaking, there are no more goods, and the payment for them is now in rubles. Import money is superfluous and we do not need it. This garbage is enough. And we can print.
      Something like this hi
    2. Avarron Offline Avarron
      Avarron (Sergei) 27 March 2022 16: 44
      At whose expense is it supposed to support "friendly state formations"? And why do we need a single SCO currency, why are the ruble and yuan bad in this role?
  6. Xuli (o) Tebenado 26 March 2022 22: 41
    So-called Europe cannot get used to the so-called exchange rate of the ruble.
    this exchange rate of the ruble during the day rides like a wild horse. If you fix the course, then you can. But in Russia there are no clamps.
    1. Gadley Offline Gadley
      Gadley 27 March 2022 07: 28
      You, like a blind mole, cannot see beyond your nose.
      1. The comment was deleted.
    2. Rusa Offline Rusa
      Rusa 27 March 2022 16: 32
      So-called Europe...

      Yes, indeed: "You cannot understand Russia with the mind, you cannot measure it with a common yardstick." )
      Let the West experience in its own skin what it wanted the Russians to experience. OK
    3. Avarron Offline Avarron
      Avarron (Sergei) 27 March 2022 16: 45
      If a cubic meter of gas costs two hundred rubles, the ruble will not jump. A cubic meter of gas will remain a cubic meter of gas.
  7. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 26 March 2022 22: 54
    In the media - Gazprom said that there are already contracts for rubles. So let's look. Will store prices go down, haha.
  8. Xuli (o) Tebenado 26 March 2022 23: 32
    That's bullshit.
    Brad is absolute.
    1. svetlanavradiy Offline svetlanavradiy
      svetlanavradiy (Svetlana Vradiy) 27 March 2022 08: 33
      You can say whatever you want, but life dictates its own terms. If they don't want to carry out this "nonsense", let them go through the forest.
  9. DV tam 25 Offline DV tam 25
    DV tam 25 (DV tam 25) 27 March 2022 02: 16
    Well, as if done right. Why traded for euros and dollars before? So the money went to those who did not need rubles, and this money was spent where they came from, over the hill. And the economy barely glimmered on foreign exchange earnings. What is happening now, is it a kick in the ass for the Russian gentlemen from Forbes and the fools from the Higher School of Economics and the Ministry of Economic Development? Well, you have to. Maybe something is really changing in Russia for the people? I hope!
  10. Awaz Offline Awaz
    Awaz (Walery) 27 March 2022 08: 12
    I wouldn't rejoice so much... The same people rule in the Russian Federation as before. THAT they talked about such a topic many years ago, but they never even lifted a finger to try to implement it, even in the difficult years of sanctions. At the moment it looks like a step of desperation. Because there is no other option. Or give up. Definitely, the authorities of the Russian Federation do not even have a clear understanding on what principles this Wishlist of theirs will be carried out. at the moment , 80 percent of our foreign exchange earnings are sold on the stock exchange for rubles , practically this is the sale of everything and everything for rubles . But, the accumulating currency in the Central Bank is a very toxic product that the EU or the US can ban at any time.
    If the authorities simply create lining banks for cashing out, then it will be stupid and shameful, because the EU will not feel anything and will also pay in euros, and the lining banks will cash in on the conversion.
    If the EU is forced to buy rubles on the stock exchange in Moscow, then this is also a so-so topic, that is, we can say a repetition of what we have now, when all exporters sell 80 percent of foreign exchange earnings.
    The only option is to force the EU to sell us its products for rubles and buy gas, oil, and so on with these rubles.
    But this is how difficult and hardly possible, given that our ruble is nothing, because our regulator of our native currency is only engaged in discrediting the ruble ..
    1. svetlanavradiy Offline svetlanavradiy
      svetlanavradiy (Svetlana Vradiy) 27 March 2022 08: 38
      This is only the first step of Russia in this direction, so everyone was dumbfounded by surprise. The EU will come to its senses, understand that Russia is not joking and will find the best way for itself to get rubles: buy rubles on the stock exchange or sell its goods to Russia for rubles, or both.
      1. Awaz Offline Awaz
        Awaz (Walery) 27 March 2022 10: 01
        I, with my head and common sense, understand that in the current situation it is necessary to force the EU to pay for gas in rubles and also sell its products to Russia in rubles. The whole problem is in our currency regulator, that is, the Central Bank. I am of two minds about him. on the one hand, they do many things right, or at least they are in the right direction, but to mock the national currency, humiliate it, then try to force the "partners" to pay with this currency - well, it does not fit in my head. I'm not talking about the sabotage that they staged, giving the West a minimum of the annual budget of the Russian Federation. It would be possible just to stupidly divide the money to people, giving out, if I'm not mistaken, 2 thousand bucks to each .. This money would bring much more benefit to the Russian economy
        1. Rusa Offline Rusa
          Rusa 27 March 2022 16: 43
          ... It doesn't fit in my head

          Does the fact that the West froze $ 300 billion of Russia's gold and foreign exchange reserves fit in with you? In such cases, they say: "Do not dig a hole for another ...", so the boomerang law worked for the West. And rightly so.
          1. Awaz Offline Awaz
            Awaz (Walery) 27 March 2022 18: 43
            where do they take you from? do you even read what i write? but so far, nothing has worked yet and no one pays in rubles for anything and is not going to. And the 300 billion dollars that they squeezed over the hill is completely the merit of the head of the Central Bank. You can say anything about a cunning plan, but it's not.
            1. Rusa Offline Rusa
              Rusa 27 March 2022 20: 02
              And what is the "merit of the head of the Central Bank of the Russian Federation", specifically?
              Essentially only.
              1. Awaz Offline Awaz
                Awaz (Walery) 27 March 2022 20: 15
                and you want to say that it is Putin or Siluanov to blame? Definitely, the authorities of the Russian Federation, if they were going to start a war in Ukraine, should have understood that there would be sanctions again and the perverted brain of the "partners" could come up with anything. In advance, it was necessary to secure the ZVZ from confiscation, well, at least save most of it. You heard what the Head of the Central Bank said when the funds were frozen: oh, we didn’t expect this ... She didn’t expect the money to be frozen, the General Staff didn’t expect there to be desperate resistance and everything went to hell ... There are probably still many of the leaders of the critical structures, too, a lot of things were not expected.
                1. Rusa Offline Rusa
                  Rusa 27 March 2022 20: 45
                  The head of the Central Bank of the Russian Federation is appointed by the State Duma, this is the first thing.
                  The reserves were placed in securities.
                  Suppose they did not expect that the Western "partners" would do this, like a bandit. However, the Russian Federation responded to them in the same way, refusing external debt, including corporate, more than $ 400 billion.
                  Let them itch there now.
  11. ont65 Offline ont65
    ont65 (Oleg) 27 March 2022 08: 47
    On the Soviet rubles was the inscription "provided with all the assets of the state." Traditions must be respected. Now, if the ruble is marked with "backed by Gazprom's assets", it will become convertible. After all, there is no difference with what exactly - gold, gas, oil - the monetary unit is provided. True Nabiullina with her Central Bank will no longer be needed, as well as a floating rate. A cube of gas or a liter of oil is the same in Africa.
  12. zloybond Offline zloybond
    zloybond (steppenwolf) 27 March 2022 12: 29
    Yes. The text is good.
    Main action. If in response to the decision to sell rubles will be "moo-moo" and "we'll see," we must take a tough step. So far, we have announced our intentions. The step will be a closed tap in case of non-payment in rubles.
    As soon as we block the pipe, the Geyropians will stand at attention with rubles at the cash desk. And of course they will learn what the ruble looks like and where to buy it. No compromises. No reciprocity. No recalculations. Only the approach with rubles to the cashier for the purchase of goods.
    If we give up slack, our intentions will be wiped.
    I hope the remaining days until April 1, when the ultimatum expires, we will calmly endure.
    And April 1 will be a fun day good
    1. Olga Gora Offline Olga Gora
      Olga Gora (Olga) 29 March 2022 00: 26
      And what's difficult is to turn to "partners" under gas contracts - Due to the impossibility of using funds on your initiative, we consider it impossible to execute contracts in terms of providing services with the currency of the contract. In order to maintain the efficiency of the supplying technical systems, we ask you to make payments in rubles, or offer another payment mechanism in which it is possible for the supplier to use funds for the resource used by partners. We kiss hard, we will decide to go home.
      1. zloybond Offline zloybond
        zloybond (steppenwolf) 29 March 2022 08: 54
        In general, I think it is necessary to develop the pace of transition to the ruble.
        "Non-Partners" should be in a tough tone.
        - Every week to announce the transfer of a new product to the ruble.
        - First of all, it will create panic.
        -Secondly, it will give a hard pendel to accelerate the fall of the dollar and the euro.
        - For America, it is necessary to make a separate proposal, such as the transfer of uranium, titanium, grain, oil and oil products into the ruble .....
        Weekly uncompromisingly put a new product on a new footing.
        Let those cockroaches rush about.
        As they say in war as in war.
        Now we have given them a head start and they are so sluggishly starting to say we will not pay and that's it.
        Shutting off the pipe and at the same time announcing the next product - it will be shock therapy for the whole of Geyropstan ... Let them get down to business, otherwise they found patience for themselves - they attacked the wrong ones. hi
  13. Oleg_5 Offline Oleg_5
    Oleg_5 (Oleg) 27 March 2022 13: 43
    Just one question:
    To force to buy rubles one way or another is likely to succeed. But how to force us to deliver what we have been deprived of?
    1. Rusa Offline Rusa
      Rusa 27 March 2022 16: 52
      And what was deprived of, civil aircraft? So they are in the Russian Federation and no one will give them away. We will build our own planes and cars as it was in the USSR.
      1. Oleg_5 Offline Oleg_5
        Oleg_5 (Oleg) 27 March 2022 17: 07
        God bless them, with the planes. We were cut off all high-tech imports. There is no replacement yet. Stupidly there are no ABS blocks for cars (for example).
        What can make them go to the abolition of restrictions?
        They will exchange their euros for rubles, albeit at the most unfavorable exchange rate for them on the MICEX. Gas for rubles will receive. What's next?!
        1. Rusa Offline Rusa
          Rusa 27 March 2022 18: 22
          And then the Russian Federation for the currency that they spend on the purchase of rubles, will buy what it needs, not beads.
          It cannot be that they want to lose the Russian market altogether and not sell anything, otherwise it will quickly
          will be occupied by others.
          Here, Germany is a country that relies on exports, first of all.
          The West will not sell, there are, for example, BRICS, Turkey, Iran, Asia-Pacific countries and others.
          1. Oleg_5 Offline Oleg_5
            Oleg_5 (Oleg) 27 March 2022 21: 10
            Right now we are receiving from Gazprom as an exporter 80% of its foreign exchange earnings.
            But we can't buy shit with them.
            Because we are not being sold.
            What will fundamentally change with the transformation of the current 80% into the future 100%?
            1. Rusa Offline Rusa
              Rusa 27 March 2022 21: 18
              The government is already working on changing logistics.
              What is urgently needed will be bought in other countries.
              And, here, where will Western "partners" buy, for example, palladium, titanium and uranium, if Russia refuses to sell them?
              From whom will they buy natural gas, which is used not only as a fuel, but also as a raw material?
              1. Oleg_5 Offline Oleg_5
                Oleg_5 (Oleg) 27 March 2022 21: 39
                Wait and see
          2. Bulanov Offline Bulanov
            Bulanov (Vladimir) 28 March 2022 10: 07
            There is no such crime that the capitalist will not commit for 300% of the profit. So the capitalists of the West will sell everything!
    2. zloybond Offline zloybond
      zloybond (steppenwolf) 29 March 2022 08: 55
      Just increase the list of goods for rubles. It will be brain shock therapy. And do it at a hard pace, do not let it come to its senses. When they begin to collapse in rates and inflation is not childish, they themselves will crawl with a list: What do you want?
  14. gorenina91 Offline gorenina91
    gorenina91 (Irina) 27 March 2022 19: 41
    Why it's time for Europe to get used to the circulation of the Russian ruble

    - To begin with, it is simply necessary - to "abolish" the Central Bank of the Russian Federation !!!
    - This "formation-production" of the early 90s of the last century - just not a single day (since its formation) - did not work for the good of Russia!
    - And eliminate and replace the entire cohort serving this cadaver (the Central Bank of the Russian Federation) - including the personnel heading the key financial structures of the Russian Federation - the "Siluanovs", "Kudrins", etc. ...
    - Conduct arrests of all accounts (accounts held in banks on the territory of the Russian Federation) - accounts of all our Russian oligarchs.
    - Today's situation - just all this allows and simply obliges to do it! - It's just ridiculous and tragic to hear that our oligarchs are very much afraid that all their deposits and accounts abroad have been "squeezed" and their foreign property has been seized! - And these same Russian oligarchs - not at all afraid of what is in Russia - will freeze their accounts in banks located on the territory of Russia and an arrest will be made on all their real estate (and all securities) that is located on the territory of Russia !!! - What's this ??? - Is that how it is???
    - And Russia urgently needs to get rid of its oligarchs - from this ballast and octopus, which for decades sucked all the most valuable things out of Russia and exported them outside of Russia! - And these oligarchs - no longer "re-educate" - but only expropriate from them!
    - Personally, I do not call for a Socialist Revolution at all (although such a revolution would be just right!), but Russia will have to take a real step towards the "socialist way of life" and the transition to state rails! - The whole "oligarchic rule" in Russia turned out to be untenable - and completely outlived itself !!!
    - Otherwise, Russia simply will not be able to raise its industry, industry, economy, etc. today! - Just can not!
    - The very attempt to switch to settlement in rubles abroad is already a kind of step towards the socialist economic structure in Russia !!!
    - By the way - Russian oligarchs - do not need such a "form of payment in rubles" and "circulation of the Russian ruble in Europe" at all !!! - Russian oligarchs have long become - simply enemies for Russia !!!
  15. Olga Gora Offline Olga Gora
    Olga Gora (Olga) 29 March 2022 00: 16
    It would be necessary from April 01, temporarily of course for a sufficient period, for example. To fill the storage facilities, make the price of gas very low and bring it to the residents of "unfriendly" countries, so that the taxpayer of each of these "unfriendly" countries sees and understands that the high cost in these same countries is not the result of natural inflation, but the result of the work of government functionaries . The work is so-so - outdated methods and techniques.