Gas for rubles is not scary: the economist called a much worse scenario for the West

By imposing anti-Russian sanctions and freezing Russia's assets abroad, the West has shown to all mankind the selectivity of fulfilling its own financial obligations. Economist Mikhail Khazin announced this on the air of Sputnik radio.

According to the expert, the Western world, led by the United States, made a huge mistake. Washington decided to ignore Moscow, trying to exclude the Russian Federation from global world trade. Therefore, the sale of Russian natural gas for rubles is not the worst thing that awaits the collective West. He called a much worse scenario for the development of events for Western countries, which may soon come.

If you refuse to do anything in a particular corner, that corner will play by its own rules.

- he specified.

The expert believes that the US itself initiated the collapse of the global dollar system. In fact, Washington defaulted on its obligations, taking such a step, predetermining the fate of the American currency. The consequence of this was the transition of Moscow to payments for gas in Russian currency with unfriendly countries. With its retaliatory actions, Russia has hit the hegemony of the dollar hard, but the Americans can still withstand it.

The real nightmare for the dollar, the US and the entire Western world will begin a little later, when Russia opens its own oil exchange and starts selling black gold exclusively for rubles. This will be a real disaster for the Bretton Woods system of monetary relations.

And then, if it suddenly turns out that the price in rubles is less than the dollar, the one who forbids changing dollars into rubles will create problems for their companies. And everything starts to crumble instantly. This is what Americans are afraid of.

- he summed up.
Dear reader, to leave comments on the publication, you must sign in.
  1. Krapilin Offline Krapilin
    Krapilin (Victor) April 14 2022 13: 05
    This will be a real disaster for the Bretton Woods system of monetary relations.

    No, there will be no catastrophe for the system.
    Because the system of monetary relations "through the dollar" will remain for other countries for "other goods."

    A system can only be defeated by another system.
    But it does not exist and, alas, it is not foreseen even in theory.
    1. isofat Offline isofat
      isofat (isofat) April 14 2022 14: 08
      Blessed is he who believes.
    2. Vladimir Orlov Offline Vladimir Orlov
      Vladimir Orlov (Vladimir) April 14 2022 14: 52
      Of course, trading oil / gas on our exchange is not a disaster for them (especially since we already have exchanges - it remains to create a standard for the grade of oil - by analogy with, for example, "Urals"), but it is definitely the right step forward to "de -dollarization".

      There are still a lot of such steps - our volume of world trade in 2021. - 2.5%, now less, but if you work with India / China and other BRICS countries, then this is a completely different story ...

      The dollar should become a "toxic" currency, then the SGA will no longer be able to simply print money (maintenance of their OFZs will become unbearable + inflation + shortage of rare metals ...), and then everything for them can slide into a new great depression.
      1. Krapilin Offline Krapilin
        Krapilin (Victor) April 14 2022 21: 37
        Dear Vladimir Orlov (Vladimir)!

        There are no prospects for "the dollar to become toxic" in the near foreseeable future.
        Because apart from "statements of intent" on the part of Russia to do this, the rest do not need it at all.

        Homegrown "effective managers" at one time dragged Russia into the "dollar zone" and strangled the ruble.
        And there are no other "effective managers" in Russia.
      2. EMMM Offline EMMM
        EMMM April 15 2022 20: 21
        The sale of oil on the Russian stock exchange for foreigners is possible only in the event of a complete ban on Russian exporters to supply it to LPE and IPE, which our oligarchs will not tolerate
  2. Avedi Offline Avedi
    Avedi (Ankh) April 14 2022 13: 32
    Who is in our government anyway?
    1. Sidor Bodrov Offline Sidor Bodrov
      Sidor Bodrov April 14 2022 15: 21
      Almost everyone sits, except for a few. But Nabiullina and Siluyanov sit strongest of all.
  3. InanRom Offline InanRom
    InanRom (Ivan) April 14 2022 13: 48

    April 14 - RIA Novosti. Austrian Chancellor Karl Nehammer said that Russian President Vladimir Putin at the talks in Moscow assured him of the stability of Russian gas supplies, as well as the possibility of paying in euros.

    and where are the payments for rubles ?!
    and this is not a mustache promised ... Someone is fighting, and someone is trading ...
  4. 1_2 Offline 1_2
    1_2 (Ducks are flying) April 14 2022 14: 13
    "sell for rubles" is a conditional concept, the embittered West was ordered to change its candy wrappers for rubles in Russian banks located in the Russian Federation so that their candy wrappers are physically located in the Russian Federation, then the West will not freeze them. before that, the West transferred its candy wrappers for resources to the accounts of Russian companies located in the West, to the western branches of Russian banks or to Gazprom's accounts in Western banks. these foreign grandmothers were frozen, those who did not have time to physically take them out by plane to the Russian Federation. it’s not clear why Gazprom has been supplying gas since February 23, if the West actually didn’t pay for the previous volumes of gas, because it froze Gazprom’s money, that is, it gave money and took it back)) but he doesn’t want to pay for the new one, transferring the euro to the Russian Federation.

    in general, in fairness, the whole world should adhere to one rule in mutual trade: in a foreign market (and this in itself should be considered a privilege for foreigners, which must be appreciated - they give you a foreigner to earn money!) you can only earn local currency. 1 a foreigner (or a foreign company) must exchange this currency for local goods or services and export it to him for sale, stimulating local production.
    2 to take out the earned foreign currency to your homeland and change it for your candy wrappers. thus, a foreigner does not put pressure on the exchange rate of the foreign currency earned (everyone is interested that the money earned does not depreciate)

    The West does not adhere to this rule! he sells and buys (mostly resources) only for his candy wrappers, thus replacing the currencies of countries with his candy wrappers, and this allows the West to buy at the price of waste paper (euro-bucks-pounds ..) (and he himself does not buy foreign industrial and agricultural goods, establishing protective duties and meager quotas so as not to develop foreign competitors) vital goods for him (resources, brains, inventions, etc.) and live beautifully at the expense of poor, degrading countries, whose currency is constantly depreciating (part of the people are forced to keep their savings in foreign currency, additionally depreciating their national currency) making the bulk of the people impoverished, local production is waning due to lack of demand and dominance in the market of imported cheap subsidized goods that are not difficult to manufacture from the West (in order to ruin local production), the West subsidizes its production by stupidly printing trillions of candy wrappers, distributing them all over the planet. as a result of such a liberal economy imposed by the West on the whole world, the peoples of third countries are dying (the population is declining), the rest are fleeing their impoverished countries, freeing territories for the West, which we observe in Ukraine, BV, South America, etc., including in the West itself the period of general prosperity has ended due to the overproduction and rise of the PRC (world factory), Western people do not find work and are homeless all over the West in search of it (Balts, Poles, Romanians, Bulgarians, Germans, etc.)

    Russia must draw conclusions and return to Socialism in order to stupidly defeat the West in a future war (the cold did not stop), the West can provoke it when they begin to collapse the debt pyramid and the collapse of the economy
    1. Jacques sekavar Offline Jacques sekavar
      Jacques sekavar (Jacques Sekavar) April 15 2022 09: 56
      A return to socialism only through a civil war and the collapse of the state - any RSPP singer will buy himself an army of militants and will fight for his property.
      It is necessary to introduce a state of siege and a state monopoly on foreign trade
  5. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) April 14 2022 14: 20
    The President set the task from April 1 to transfer the payment of unfriendly state entities into rubles - they buy rubles on the Moscow Exchange and pay.
    In fact, as they paid in dollars and euros for gas, they still pay, only now through an intermediary - Gazprombank, which receives the same dollars and euros, converts them into rubles and credits gas buyers to the ruble account, who immediately transfer these rubles to the same Gazprombank to a ruble account. Thus, this whole scheme of pure water is a profanation and, in fact, sabotage of the presidential decree, probably forced - you can’t cut off all foreign economic relations with unfriendly technologically advanced state entities, you need to purchase technologies, equipment and a lot of things that are not produced in the Russian Federation, but through Sberbank, VEB, Alfa and others are not allowed, sanctions.
    1. Jacques sekavar Offline Jacques sekavar
      Jacques sekavar (Jacques Sekavar) April 15 2022 09: 47
      In fact, the Russian Federation sold gas for foreign currency and sells it. The EU both paid for gas in Euros and continues to do so through the same Gazprombak. Virtually nothing has changed except for the fact that the accumulation of foreign currency has increased, but in order to use it, you need to get permission from the United States, which introduced a ban on foreign exchange transactions and disconnected the Russian Federation from Swift.
  6. Oleg_5 Offline Oleg_5
    Oleg_5 (Oleg) April 14 2022 14: 32
    It remains to wait for the "first sign". With real payment to Russian GPB accounts
  7. Igor Viktorovich Berdin April 14 2022 14: 32
    That's when there will be a victory in Ukraine. Restoring something like a new USSR or the Russian Empire then something will start to move.
    FGJCNJK (Nikolai) April 14 2022 14: 59
    The main thing is to immediately remove the nabiullina - otherwise everything will be by!
  9. Moscow Offline Moscow
    Moscow April 14 2022 15: 15
    For many years, we have been hearing about exchanges for the sale of energy resources within Russia and for rubles. But, the authorities did not have the willpower to solve this, the oligarchs wanted to "live" on the currency. Is there a will now?
  10. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) April 14 2022 15: 33
    all this is idle chatter.
    They wrote that companies do not extract rubles, just Gazprombank changes them. rearranging the terms changes the name, but not the sum
    1. Monster_Fat Online Monster_Fat
      Monster_Fat (What's the difference) April 15 2022 04: 59
      Naturally, selling for rubles is a wet dream and nothing more. No one buys anything for rubles and does not sell. Even in Asia, Africa and the Middle East. All trade is carried out in hard currency, and for that which is accepted in any countries, except for those under sanctions. And with the sanctions countries, there is only one trade: barter and gold. Moreover, barter is recalculated at prices in hard currency, that is, in the same dollar, euro, etc. The ruble is not needed and will not be needed by anyone. Moreover, its exchange rate does not correspond to its purchasing power and is not set at purchasing power parity, but is taken from the ceiling by the Russian Central Bank.