Crap ... Ruble rebounds after Putrid demands oil purchases be paid in Rubles vs dollars.

[uponit7771]

Now comes the ***REAL*** test of EU / US / JAPAN are aligned, if we all stick together and tell Putrid to go fvck himself oil prices will spike even higher.

If they can hold out for 3 months and supplement oil supply with something Ruble will crater again.

Now is the time our "friends" in SA up production, will they ?!

https://www.business-standard.com/article/international/ruble-becomes-best-performing-currency-in-march-soars-to-83-to-the-dollar-122032901631_1.html

The biggest jump in the ruble occurred when the Russian president announced that unfriendly countries — the European Union, the US, Canada, Australia, New Zealand, Japan, South Korea, and Taiwan — would have to pay in rubles for Russian gas.

If European countries are forced to agree to it, they will have to exchange euros and dollars for rubles. This will create a big global demand for rubles, leading to a further rise in its value against the dollar and the euro. The ruble is used largely to settle domestic transactions in Russia.

[SheltieLover]

1. Easy peasy: tell putrid to pound sand.

[uponit7771]

2. +1,

[riversedge]

3. Stinking crap

[lapfog_1]

4. don't count on the Saudi's to do shit

they love higher oil prices.

What we can do right now is tell India "no more H1B visas" if they continue to buy Putrid's blood oil...
and threaten India with more sanctions

[uponit7771]

5. +1,

[brooklynite]

6. No, changed his mind (and this was about gas, not oil)

Russia appears to have walked back demands that European companies pay for gas supplies in rubles from Thursday, temporarily alleviating the risk of supply disruptions.

It comes after Russia’s President Vladimir Putin repeatedly demanded that so-called “unfriendly” countries pay for gas in rubles, rather than in euros or dollars, targeting those behind the heavy economic sanctions designed to isolate Russia over its unprovoked onslaught in Ukraine.

Putin had instructed state-controlled gas giant Gazprom, the central bank and the government to outline proposals for how this policy would be implemented by Thursday. The currency switch for gas supplies had been rejected by major G-7 economies.

However, in a call with German Chancellor Olaf Scholz on Wednesday, Putin said European companies could continue paying for gas supplies in euros or dollars.

https://www.cnbc.com/2022/03/31/europe-energy-russia-appears-to-soften-its-gas-for-rubles-demand.html