Europe in vain expects "gas charity" from Russia

March 29 2022 8

Many G7 countries were initially opposed to paying Russian export energy resources in rubles at Moscow's request. Now there is a common consolidated decision of the GXNUMX that Europe does not agree to Russia's terms. This situation leaves one in a certain quandary. economic relations between Russia and the EU. The situation was clarified by the press secretary of the President of Russia Dmitry Peskov.

According to the Kremlin speaker, the issue is under control and is being discussed by all industry departments, as well as with Gazprom. After a common position is worked out, a “time frame” will be set. It is noteworthy that Peskov did not directly answer the question of what will happen to the supplies if Europe not only refuses (as has already been done), but also stops paying in accordance with its decision. According to the press secretary of the head of state, it is necessary to solve the problems "gradually".

Russia is trying to do everything possible and meet the needs of European counterparties by developing "modalities" for paying for fuel in rubles, providing schemes and options on its own initiative. The process of supplying a large amount of energy is very complex and is not like buying in a supermarket with payment at the checkout. So nuances and subtleties are possible.

The pumping of raw materials, balancing and payment are stretched out in time. Therefore, it is impossible to immediately switch everything at the click of a finger at a single moment, and in the Russian Federation they understand this. Although the collective West itself has driven Moscow into a rigid framework of ruble operations. But even in this case, Russia is trying to find a compromise and facilitate economic life and financial relations for ordinary Gazprom customers, who are far from policy.

But sooner or later the situation will come to a point when the next payment will be in doubt precisely because of political moments and the payment will “hang”. So far, all that is known is that Moscow is not going to stop the pumping of gas, including through Ukraine.

In Europe, they will not wait for "gas charity" from Russia, in the current conditions this is unacceptable and inappropriate. So there will be no free deliveries

Peskov is sure.

Based on practical experience, it is possible to assume some kind of “intermediate hub” scheme, which will be a European country (most likely it could be Hungary), which has relations with Russia and can buy fuel for rubles and distribute it to European consumers already for euros. A similar scheme was once worked out by Ukrainian power engineers when they were just starting to "leave" Russian gas. In that case, Slovakia acted as an intermediate link.

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Monster_Fat

-1

29 March 2022 08: 38

Oh, I see. Groznoe - "gas for rubles", turned out to be another "shaking of the air", but in fact, "different schemes are possible" and "prolongation in time" (for an indefinite period). Everything, as usual, "a span of a sazhen, and a blow, with a vershok." Funny. True, there are rumors that the Vatican bought rubles for 20 million Euros, but it is not clear from whom it bought and on what accounts this money, and whether they will get to Russia.
zloybond

0

29 March 2022 09: 00

Now that's a rebound. Here you need either - or. Otherwise, such ultimatums are worthless. They'll just snuggle up to them.
It is only necessary to increase the rate of transition of trade to rubles. Create a shock to their currencies and their market. New item every week. Hard. Without compromise. Without odds for wringing elbows. No poses - just a hard pace to drive this herd into our conditions. Let them get used to it. We did not tolerate any. Our ruble should be valued and respected. And then performances began - who even knows what a ruble is. Let them study. New item every week.
Bulanov

+2

29 March 2022 09: 09

Now there is a common consolidated decision of the G7 that Europe does not agree to Russia's terms.

Europe agrees for free? They also refuse to pay euros and dollars for gas to the Central Bank of Russia. Or do they want to redirect the proceeds from Russian gas to Ukraine? This is already proposed by US senators. And what they offer, the EU salutes.
Maybe you should give a small discount when paying for rubles to start?
Well, food, such as grain, in general, it would not hurt to sell for rubles or gold.
maiman61

+1

29 March 2022 09: 33

The more we blow snot bubbles from the nose, the worse for us! Pay in rubles for gas or nevermind you, not gas! Briefly and clearly! The more we will be respected. Otherwise, the US already wants to pass a law on the transfer of 300 lards of our stolen money to Ukraine!
The comment was deleted.
wamp

+2

29 March 2022 11: 43

For payment you need to accept: rubles, yuan, gold (physical), necessary goods by barter.
Does Europe "cannot" do any of this? Completely decrepit...
ivan2022

+1

29 March 2022 18: 22

Everything can be. Nothing will surprise me. In the country of "approving everything, anything" nothing is possible.
123

+1

30 March 2022 17: 23

Based on practical experience, it is possible to assume some kind of “intermediate hub” scheme, which will be a European country (most likely it could be Hungary), which has relations with Russia and is able to buy fuel for rubles and give it away, distributing it, to European consumers already for the euro.

Who will explain what the polymers were merged here?
According to this scheme for gas Hungarians pay RUBLES, the rest pretend that they are all so terribly proud and principled.
Are we looking for something else?
Vladimir Orlov

0

31 March 2022 02: 03

The EU will not allow Hungary to buy for rubles, no matter how much it wants to (this would meet our demand).
But, obviously, there will be an intermediary - only not in transportation, but in conversion. Below is an article from Bloomberg - obviously, Germany is invited to make Gazprombank its agent bank on the Moscow Exchange (then the exchange operations will be under the control of our structures, but Germany sends EURO to the bank, not rubles). But this does not solve the problem of the main risk - the risk of refusing to pay for already delivered gas (payment occurs after the volumes are physically confirmed). To cover this risk, there must be a commitment to place a ruble-denominated (renewable every month) letter of credit with our bank, which, by definition, is placed BEFORE physical delivery. Will watch.

So far, it is clear that the ultimatum has been transformed into a desire to reach an agreement. And that's okay - we still import too much, the currency will be required, and gas prices are high - while you can make good money, fight / restore for a long time. If we translate all our foreign trade into rubles, it will be 2% of the world trade and 3,5% compared to trade in dollars. So do not win, and the moment is not the best. You can win if you consistently work with all your contract partners for a long time (discounts, for example), show a successful example and mechanism to others. And then, at the right time, in a coordinated manner with China-India-Southeast Asia, screw it in. The question is, where did these Manturovs and the labor heroes Millers soar for 8 years ..?

Bloomberg:
After German Chancellor Olaf Scholz spoke with Putin on Wednesday, a German government spokesman said that Putin told Scholz that “the payments would continue to be made exclusively in euros” to Russia's Gazprom bank and would then be converted into rubles. Scholz asked for “written information in order to understand the procedure more precisely.” The Kremlin said only that Scholz and Putin agreed that their experts would discuss the issue.