Will there be a real transition to paying for Russian gas in rubles


The time period given by President Vladimir Putin to "unfriendly countries" for reflection is running out. Until April 1, 2022, they will have to finally decide whether they need Russian gas, which Moscow is now ready to sell only for rubles, or not. Without exaggeration, the future of the European Union itself will depend on this.


Recall that after the introduction of crippling sectoral sanctions against our country, the arrest of the gold and foreign exchange reserves of the Central Bank of the Russian Federation abroad and the assets of many innocent Russians, Moscow carefully counted all its enemies, compiled a list of them and announced that more Russian gas for dollars and euro will not be sold to them. Only for rubles. At the same time, the state corporation Gazprom does not refuse to fulfill its obligations to consumers, being ready to supply exactly the same volumes that were determined by existing agreements.

Our "Western partners", and now, officially, enemies, were sharply indignant, starting to wave contracts, where there is not a word about settlements in rubles. As they say, whose cow would moo. Policy double standards are evident. The “cunning plan” of our enemies was to rob the Central Bank of the Russian Federation, deprive the systemic banks of the opportunity to carry out operations in foreign currencies and thereby bring down the Russian financial system, bringing the country to its knees without firing a shot.

Not this time. The decision to convert settlements into rubles turns this entire “cunning plan” invented somewhere in Washington on its head. The European Union cannot just take and refuse to buy "blue fuel" from Gazprom. Yes, they have been preparing for a possible confrontation with Russia for a long time: they built LNG terminals on the coast, developed a gas transmission network between allied countries, and looked for alternative suppliers. But the objective reality is that here and now there is simply nothing to replace those 35-40% of hydrocarbon raw materials that Gazprom supplies to the European market. It is impossible to quickly increase the volumes of gas production and liquefaction, there are not enough LNG tankers to deliver it. And we should not forget about price competition with the market of Southeast Asia, where the price of energy resources will always be higher.

The moment for the start of a special military operation to demilitarize and denazify Ukraine has been chosen well, since the hands of the NATO bloc are now maximally tied, and it cannot afford to directly fit in with Kyiv. It would have been better if only in 2014, but what can we say about it now. The moment is also optimal for issuing an ultimatum to the West to switch to ruble payments for gas. Of course, this goes against the old "economic model” for the sale of resources for foreign currency and its withdrawal abroad. With its open and shameless robbery, the collective West itself erected a new "Iron Curtain" in front of the domestic "elites". He himself grossly trampled on his own "liberal-democratic values", forcing the Russian nomenklatura and the oligarchy to look for new ones.

The chances that Moscow will be able to turn the tide in its favor are very high. Gas deliveries to Poland and Germany through the Yamal-Europe pipeline have already fallen to zero. It is not difficult to see the relationship between this event and the recent statement by Russian presidential spokesman Dmitry Peskov that there will be no “charity” in the form of gas supplies to Europe without payment. In Germany, they are now preparing for a state of emergency due to a possible shutdown of the gas valve. In Germany, they are afraid of stopping the work of their gas chemical industry, which will lead to a mass dismissal of highly qualified workers and can create a “domino effect” for the rest of the economy of Germany itself, and then the entire European Union.

But the matter may not be limited to one gas. Quite expectedly, Speaker of the State Duma of the Russian Federation Vyacheslav Volodin threatened that Russia could demand payment in rubles for the supply of other natural resources: oil, coal, metals, timber, mineral fertilizers, as well as grain and other food products. The case is taking a serious turn. The need to pay for Russian goods in the Russian national currency should force our enemies to buy rubles from the Central Bank of the Russian Federation, thereby ensuring its exchange rate and making our “wooden” not so wooden. Today there is every chance to achieve such a goal.

For this reason, the information that Moscow is allegedly ready to provide its enemies with a loophole is somewhat bewildering. German Prime Minister Steffen Hebestreit said that in the course of personal communication between German Chancellor Olaf Scholz and President Vladimir Putin, the latter offered to pay for gas de facto, still in foreign currency, but through a “laying” bank represented by Gazprombank:

Payments will continue to be sent exclusively in euros and, as usual, transferred to Gazprombank, then the bank will convert the amount into rubles.

If this is true, then the very idea of ​​forcing "unfriendly countries" to buy the Russian national currency from the Central Bank of the Russian Federation in violation of their own sanctions is destroyed. To really "bend over" enemies today, it will be enough to be consistent and systematically start blocking export pipelines to Europe. In a couple of months, they themselves will come running back, begging them to sell them Russian rubles in order to buy Russian gas with them. And oil. And coal. And metals. And fertilizer. And much more. The maximum is by autumn, when it becomes impossible to ignore the seasonal factor.

Is it really for the sake of some regular schemes with intermediaries and currency conversion that we will lose this unique historical opportunity without firing a shot how to teach the collective West a lesson? To whom is the Cold War, and to whom is the mother related, right?
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  • Photos used: RIA Novosti/Alexey Kudenko/CC-BY-SA 3.0/wikimedia.org
26 comments
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  1. Bakht Online Bakht
    Bakht (Bakhtiyar) 31 March 2022 12: 03
    +2
    I agree that this is the surrender of the most powerful Russian weapons in the economic war. Absolutely incomprehensible decision.

    The only positive aspect of this scheme is that the money (Rubles) will remain in Russia. And the euro must return to the West. This may strengthen the ruble and slightly disperse inflation in Europe. But since euros are printed in the same Europe, they will survive inflation. But the European economy will not suffer and they can continue the economic strangulation of Russia.
    1. Bulanov Offline Bulanov
      Bulanov (Vladimir) 31 March 2022 13: 50
      0
      The only positive aspect of this scheme is that the money (Rubles) will remain in Russia.

      What's positive here? Russia can print as many rubles as it likes for itself. It is necessary that the rubles go to other countries, as the dollar goes now. Otherwise, all the steam will go to the whistle!
      1. Bakht Online Bakht
        Bakht (Bakhtiyar) 31 March 2022 14: 52
        +2
        The ruble will not go to other countries. This requires a serious economy and the consent of other countries. The yuan is more likely to go. The dollar is not just a piece of paper. The dollar is backed by finance, stocks, and, most importantly, US military power. control of world trade. That's when the Chinese Navy can challenge, then the yuan will become the world's currency.
        The fact is that simply printing rubles is not an option. We need a ruble backed by goods and resources.
        What about what's good? Well, let's say the strengthening of the ruble will mean an increase in its buyers' ability. Which is already a lot.
        But in general, I do not welcome such a gas payment scheme. This will not bring the end of the economic war any closer.
  2. rotkiv04 Offline rotkiv04
    rotkiv04 (Victor) 31 March 2022 12: 11
    +1
    It’s too early to say before April 1, but judging by the negotiations with the Nazis from the outskirts, the Kremlin is slowly giving back, it remains to prepare society for such an outcome
  3. dub0vitsky Offline dub0vitsky
    dub0vitsky (Victor) 31 March 2022 12: 12
    0
    The point, after all, concerns not only gas. Look at the pictures.


    In addition: in 2021, coal exports from Russia to Europe amounted to 50,4 million tons, an increase of 10,3% compared to 2020.
    Considering that it is impossible to increase coal generation, there are not enough stations. You can bring in as much coal as you like, there is no shortage of it. and mining capacities in the world in abundance.
    next comes grain, then fertilizers, then nickel, titanium, rare earth metals ..... The need for rubles in the world is growing, and this is nothing else - its exchange rate is rising, the need for dollars is falling, a huge surplus of it is formed, waste paper is using less and less demand, which is inflation. If China joins this process, these depreciating notes are also not particularly important to it, and the transition to trading in yuan will simply ruin the US economy. States will simply drown in their public debt and in a pile of waste paper.
    1. Bakht Online Bakht
      Bakht (Bakhtiyar) 31 March 2022 12: 29
      +1
      This drawing shows how Russia can bring Europe to its knees in a matter of months. But today's payment for gas completely crosses out this scheme. The EU both paid in euros and will continue to pay in euros. And at the lowest contract price. Not at stock prices. Russia continues to feed its enemies. And this picture only confirms it.
  4. zloybond Offline zloybond
    zloybond (steppenwolf) 31 March 2022 12: 23
    0
    In short, the air was shaken. angry Cheeks puffed out and zilch ..... They themselves suggested a twist The world will laugh at us more than once ... laughing
    1. Gadley Offline Gadley
      Gadley 31 March 2022 13: 40
      0
      according to this "air shaking", the ruble nevertheless strengthened., and did not sink along the Biden to 200 rubles per dollar.
      1. zloybond Offline zloybond
        zloybond (steppenwolf) 31 March 2022 14: 02
        0
        Yes, I somehow didn’t understand the scheme - some virtual euros are credited to an account in some bank (I hope they will choose a bank at least in Crimea) - they are transferred there to rubles - which, as they were, are still in the bank ... (but I hope they will at least bring the euro) and this bank is already giving rubles to Gazprom ..... I'm trying to look at the root - the gas is gone (and where is that virtual money?) .... It's better right away in exchange for goods. we still can’t use the euro, it seems, are we sitting on the wallet and heating the stove with it? - I’m no financier in this matter - I hope “there” they know what they are doing.
    2. alexneg13 Offline alexneg13
      alexneg13 (Alexander) April 1 2022 01: 22
      0
      This is the author of the article in the head zilch. I listened to Putin's speech several times and did not hear this loophole. There were proposals for them to look for banks for conversion, but to pay to Gazprombank in rubles.
      1. zloybond Offline zloybond
        zloybond (steppenwolf) April 1 2022 10: 34
        0
        The only thing that still confuses judging by the explanation:
        -it turns out from April they will receive gas for which in May they must pay, as it were, in rubles.
        -At the same time, they pushed some kind of law there. that we must have at least 80% full storage (like so)
        In April, they will catch up with gas as much as possible, and in May it is already not interesting to continue. Stocked up for the season. The rest will be filled with slurry.
        What is tsimes???? It still smacks of geyropsky cunning. request
        I'm just trying to understand - are we like BE in this scheme trying to outwit ourselves? Or help save face to the ghouls who every time climb us with a war
        sometimes with robbery and at the same time confident in our humanity.
        Well, they will always break into us periodically, robbing or killing. Why is such humanity needed at all?
  5. Oleg_5 Offline Oleg_5
    Oleg_5 (Oleg) 31 March 2022 12: 26
    0
    It was easier to immediately demand:
    "gas for goods", "gas for technology", "gas for food"
  6. Injrock Offline Injrock
    Injrock (Andrei) 31 March 2022 14: 50
    0
    Some kind of nonsense .. As a result, the Central Bank does not receive currency by selling rubles, rubles remain the internal monetary unit, Europe receives our gas and quietly laughs ... I don’t understand anything, we said “A” but couldn’t say “B” .. ... and called the old calculation scheme in a new way ....
  7. dub0vitsky Offline dub0vitsky
    dub0vitsky (Victor) 31 March 2022 16: 28
    -1
    Quote: Bakht
    This drawing shows how Russia can bring Europe to its knees in a matter of months. But today's payment for gas completely crosses out this scheme. The EU both paid in euros and will continue to pay in euros. And at the lowest contract price. Not at stock prices. Russia continues to feed its enemies. And this picture only confirms it.

    The interests of all EU members are different. Various opportunities and reserves. If for one gas is life, then for another, you can wait. Is this not a tool for the collapse of the EU? A real chess player calculates many moves ahead. And the Russian party here is much more thoughtful. Many here shouted for help to Donbass. agreements in Minsk. But now it is clear that the true goal was not to defend the LDNR, but to destroy Ukraine. like a Nazi state. And if you look beyond the horizon, maybe this is not even the most important task?
  8. Oleg_5 Offline Oleg_5
    Oleg_5 (Oleg) 31 March 2022 16: 31
    +1
    Well .... look at the source (according to the Decree): http://www.kremlin.ru/acts/news/68094

    Joint-Stock Company Gazprombank, which for the purposes of this Decree is an authorized bank (hereinafter referred to as the authorized bank), opens special K-type ruble accounts and special K-type currency accounts for payments for supplied natural gas based on applications from foreign buyers.

    The foreign buyer transfers funds to a special K-type currency account in the foreign currency specified in the contract for the supply of natural gas, and the authorized bank, on the basis of the foreign buyer’s instruction received in the manner prescribed by the rules of the authorized bank, sells the foreign currency received from of a foreign buyer to such an account, in organized trading conducted by the public joint-stock company "Moscow Exchange MICEX - RTS", credits the proceeds in rubles to a special ruble account of type "K" of this foreign buyer and transfers the credited funds in rubles to the account opened by the Russian supplier in authorized bank ruble account.
    1. alexneg13 Offline alexneg13
      alexneg13 (Alexander) April 1 2022 15: 19
      0
      One account for hostile countries and one for non-hostile countries.
  9. dub0vitsky Offline dub0vitsky
    dub0vitsky (Victor) 31 March 2022 16: 33
    0
    Quote: Oleg_5
    It was easier to immediately demand:
    "gas for goods", "gas for technology", "gas for food"

    They went crazy. Gas will be bought (for free) by one company, say, a steel company, and another company, say, a sausage company, will drive the goods to Russia for free. Here's what you propose. Who, in Germany, for example, will establish such a barter between their own, with the aim of trading cars for gas? It could be organized in the USSR, there the only one that owned everything was the state.
    1. Oleg_5 Offline Oleg_5
      Oleg_5 (Oleg) 31 March 2022 16: 43
      0
      it would be a way - OBLIGATE them to sell us the goods we NEED
      but instead, a mechanism was chosen for converting from a foreign currency account to a ruble account in an authorized bank based on the results of MICEX trading

    2. EMMM Offline EMMM
      EMMM April 9 2022 19: 22
      0
      So this is the idea.
      Instead of Euros going to Gazprom's accounts in their banks (and being immediately blocked by sanctions), they will now go to a Russian bank account in Russia.
      The use of this "currency" will not be considered in Washington or Brussels, but in Moscow
  10. dub0vitsky Offline dub0vitsky
    dub0vitsky (Victor) 31 March 2022 16: 38
    +1
    Quote: zloybond
    In short, the air was shaken. angry Cheeks puffed out and zilch ..... They themselves suggested a twist The world will laugh at us more than once ... laughing

    The world, having reached the limit in its sanctions, forbade us to use our own dollars and euros, which are on deposits in foreign banks. To continue to trade for these currencies is to increase the deposits of what is inaccessible to us. We're idiots? Here it is said - we fulfill the supply contracts, but you will pay in rubles. Where you get them is up to you. You can sell us the goods that we need for rubles, and what you have earned in this way, let us pay for gas. You can buy rubles on the stock exchange. You don't have to buy everything we supply you at all. Choose what suits you best.
    1. Injrock Offline Injrock
      Injrock (Andrei) April 1 2022 07: 59
      0
      At the same time, Europe both used its euros and dollars and uses it. They gave all the other details of the settlements to Gazprombank, they say, do whatever you want - you want to convert, you want to "turn it into a tube" ... Europe doesn't give a damn about this if the calculation goes on as before, and the intermediate ruble account does not change things.
  11. dub0vitsky Offline dub0vitsky
    dub0vitsky (Victor) 31 March 2022 16: 44
    0
    Quote from Injrock
    Some kind of nonsense .. As a result, the Central Bank does not receive currency by selling rubles, rubles remain the internal monetary unit, Europe receives our gas and quietly laughs ... I don’t understand anything, we said “A” but couldn’t say “B” .. ... and called the old calculation scheme in a new way ....

    Read the answer below. This is for you too.
  12. InanRom Offline InanRom
    InanRom (Ivan) April 1 2022 00: 05
    +1
    Perhaps they will merge. And then - as has already been established: "understand me correctly .." Someone answered for the loss of reserves, and other "charms" - "surprises" that appeared "suddenly" with the start of the operation? The absence of both tactical and strategic thinking and planning, the total financial, psychological and ideological dependence of the "ilitka" on the West, unprofessionalism, thoughtlessness, narrow-mindedness, crisp bakery spiritual strength and the desire to sit on two chairs - "both yours and ours, and we will sing and dance" - all this leads to the loss of the instinct of self-preservation, it seems. But, ordinary people, the people of Russia, will have to pay for these "one step forward or two back." The people can endure a lot, for the sake of a just cause, the army is able to fight and win, but worthless officials and politicians can merge everything and everything.
    ps and the rest of the sanctions "game" is still the same - both fertilizers and energy resources and so on, in particular, the same states were removed from the sanctions list and ... and everything continues as before - "The United States increased imports from March 19 to March 25 oil from Russia by more than 40%" ... and this is the main beneficiary of the Ukrainian-European crisis and the real enemy of Russia.
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  14. Injrock Offline Injrock
    Injrock (Andrei) April 1 2022 13: 42
    0

    So what's the difference for Europe?
  15. dub0vitsky Offline dub0vitsky
    dub0vitsky (Victor) April 10 2022 13: 27
    0
    Quote: Oleg_5
    it would be a way - OBLIGATE them to sell us the goods we NEED
    but instead, a mechanism was chosen for converting from a foreign currency account to a ruble account in an authorized bank based on the results of MICEX trading

    It's fantastic. Impossible in principle. I repeat once again that only in the USSR it was possible to oblige factories to supply something abroad, free of charge. Everything is state. The plant is reimbursed from the budget. Who will coordinate all this in the system of private production? State structures have not been created for this and will not be created in principle.
  16. dub0vitsky Offline dub0vitsky
    dub0vitsky (Victor) April 10 2022 13: 33
    0
    Quote from Injrock

    So what's the difference for Europe?

    The difference in the exchange rate of the ruble. Only the THREAT to receive for gas in rubles immediately raised the rating (rate) of the ruble from 150 to the dollar to 73. You don't even know the primitive laws of the market? If the goods are scarce, they are expensive. If it's too much, it's worth nothing. Now, for the purchase of gas, we need rubles. The ruble, in this case, is a product that needs to be exchanged (buy). Hence the growth of the authority of the Russian currency. They buy rubles not in Gazprom, but on the Moscow Exchange. Further. To ensure Russia's trade with the West, dollars were needed. issued by the US Federal Reserve. Now the transition to trading in the ruble, a surplus of dollars is formed, and this is nothing but inflation. Our volumes are not large, but if China switches to yuan, the US monetary system will collapse. They will drown in empty foam, which has nothing to do with the concept of the dollar.