{"id":1400085,"date":"2022-03-25T09:01:18","date_gmt":"2022-03-25T13:01:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1400085"},"modified":"2022-03-25T09:01:23","modified_gmt":"2022-03-25T13:01:23","slug":"europeans-dont-know-what-rubles-look-like-eu-resists-order-to-buy-gas-in-russian-currency","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/europeans-dont-know-what-rubles-look-like-eu-resists-order-to-buy-gas-in-russian-currency\/","title":{"rendered":"Europeans &#039;Don&#039;t Know What Rubles Look Like&#039; \u2013 EU Resists Order to Buy Gas In Russian Currency"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feuropeans-dont-know-what-rubles-look-like-eu-resists-order-to-buy-gas-in-russian-currency%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1400085&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p class=\"subheading\">BRUSSELS (AP) \u2013 President Vladimir Putin\u2019s threat to have \u201cunfriendly\u201d countries pay for Russian natural gas exports only in rubles from now on got the not-so-friendly treatment from European Union nations Thursday.<\/p>\n<p>\u201cI don\u2019t think anybody in Europe really know how rubles look like,\u201d said Slovene Prime Minister Janez Jansa. \u201cNobody will pay in rubles.\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>If others put it less bluntly, it came down to the same \u2013 from German Chancellor Olaf Scholz to Italian Prime Minister Mario Draghi, who as former chief of the European Central Bank, knows something about currencies.<\/p>\n<p>Early this week, Putin launched the idea that because of Western sanctions targeting the Kremlin and freezing Russian assets, they were \u201ceffectively drawing a line over reliability of their currencies, undermining the trust for those currencies.\u201d<\/p>\n<p>So instead of euros and dollars, Putin wants Russian rubles for Russian gas.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Economists said the move appeared designed to try to support the ruble, which has collapsed against other currencies since Russia invaded Ukraine on Feb. 24 and Western countries responded with far-reaching sanctions against Moscow.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Putin Attacks Petrodollar System, Demands \u2018Unfriendly\u2019 Nations Purchase Gas in Rubles<a href=\"https:\/\/t.co\/FcoIBOCbhD\">https:\/\/t.co\/FcoIBOCbhD<\/a><\/p>\n<p>\u2014 Breitbart London (@BreitbartLondon) <a href=\"https:\/\/twitter.com\/BreitbartLondon\/status\/1506979149881171971?ref_src=twsrc%5Etfw\">March 24, 2022<\/a><\/p>\n<\/blockquote>\n<p>Making such demands though, would fundamentally change contracts and render them null and void, several European leaders said during the first day of their EU summit.<\/p>\n<p>\u201cWhat we have learned so far boils down to the fact that there are fixed contracts everywhere, where the currency in which payment is made is also part of the contract,\u201d said Scholz. \u201cThose are the starting points that we have to work from.\u201d<\/p>\n<p>Draghi simply said that if Putin pushed through the plan, \u201cwe consider it a violation of existing contracts.\u201d<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<p>And considering the skyrocketing prices for gas, Belgian Prime Minister Alexander De Croo even saw possibilities in the proposal, though not the kind Moscow intended.<\/p>\n<p>\u201cIn any case, if one element of a contract is changed, than we can talk about a whole range of issues, including the price,\u201d De Croo said.<\/p>\n<p>The Russian threat is potent since the EU imports 90 per cent of the natural gas used to generate electricity, heat homes and supply industry, with Russia supplying almost 40 per cent of the bloc\u2019s gas.<\/p>\n<p>With the ruble in trouble because of the stringent economic sanctions, Putin would use any financial lift he can find. He instructed the country\u2019s central bank to work out a procedure for natural gas buyers to acquire rubles in Russia.<\/p>\n<p>But some analysts expressed doubt that it would work.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Progress? Germany Agrees Gas Deal with Sharia Qatar to Reduce Dependency on Russia<a href=\"https:\/\/t.co\/RfxtIGVIhQ\">https:\/\/t.co\/RfxtIGVIhQ<\/a><\/p>\n<p>\u2014 Breitbart London (@BreitbartLondon) <a href=\"https:\/\/twitter.com\/BreitbartLondon\/status\/1505922181284261888?ref_src=twsrc%5Etfw\">March 21, 2022<\/a><\/p>\n<\/blockquote>\n<h5 class=\"western\"><em><span>Follow Breitbart London on Facebook:<\/span><\/em><em>\u00a0<\/em><em><a href=\"https:\/\/www.facebook.com\/BreitbartLondon\/\"><span>Breitbart London<\/span><\/a><\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>BRUSSELS (AP) \u2013 President Vladimir Putin\u2019s threat to have \u201cunfriendly\u201d countries pay for Russian natural gas exports only in rubles from now on got the not-so-friendly treatment from European Union<\/p>\n","protected":false},"author":54,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1400085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1400085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1400085"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1400085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1400085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1400085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1400085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}