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Aren’t you getting cocky over there? Is the transfer of payments for gas supplies into rubles a violation of contracts?

Tom Hagler by Tom Hagler
01.04.2022
in Stock Market
Aren’t you getting cocky over there? Is the transfer of payments for gas supplies into rubles a violation of contracts?
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Why ask rhetorical questions, though? The difference between a fool and a normal person is that he does not realize that he is a fool. At this point, we can put a period and say no more. But okay, let’s try to make the situation a little bit clearer.

On March 23, Vladimir Vladimirovich instructed that all the necessary procedures should be carried out to convert all payments for export deliveries of natural gas to the so-called “unfriendly countries” into rubles. Only a little time has passed, but “over there” dissent and discontent about this issue have already poured out of the horn of plenty.

Federal Chancellor Olaf Scholz.

During the European Union leaders’ conference in Brussels, German Chancellor Olaf Scholz made colorful remarks about the importance of contractual obligations whereby the US dollar and the euro are stipulated as means of payment for gas contracts with Russia

.

Italian Prime Minister Mario Draghi was more categorical, saying that “Italy will continue paying for gas in euros. And the most colorful phrase was generated by the head of the Polish oil and gas company PGNiG, Pasha Majewski. He does not think that “there is a possibility to pay for Russian gas in rubles.

The bough you were sitting on is cracked

Now let us remember what contributed to the decision of the Russian Federation to switch to the ruble as a means of payment. The EU in collusion with the U.S. have frozen transactions in Russia’s gold reserves in Western banks, thus depriving the Central Bank of the opportunity to sell those assets.

Do you remember how just a few days ago the whole world was looking forward to Russia defaulting on its bonds? That is, we can be blatantly dumped on assets and wait with impudent faces what will come of it. Question. Are these violations of contractual obligations? Or can we find a clause in the regulatory documents that authorizes this action? This is just complete nonsense. What can we talk about?

Well, once the American and European partners have compromised their national currencies as a means of storing assets, Russia has decided to switch to the ruble “reserves”. It is quite logical. Especially since this fact comes out of the actions of the EU representatives themselves. And now you remember the contractual obligations and the letter of the agreement?

Sholtsy, Draghi, Mayevsky! Who are you people anyway?

How beautifully my colleague Roman Paramonov wrote today about your “gang-layers”

:

“Instead of opening the flap of Nord Stream 2, bringing down energy prices, and in the normal course of business building your economic well-being, you continue to play the role of a cheap unsavory wench who not only lies under the US, but also pays for ‘acts’ of affection yourself.”

The world’s most influential politician told you clearly and precisely: “Gas for rubles.” So it will be. You changed the rules as the play was going on. And now, when you got a little bit on your “smart” forehead, you start pouring liquid out of your nose, and you forgot your handkerchief

…

Welcome to Russia. Buy rubles, and keep calm

Go wash your face, and study the hours of the Moscow Stock Exchange. Soon you will all be permanent participants in currency transactions.

And if some of you think that the GDP will change its mind on the decision, and you will continue to pay with your tugriks, that’s a mistake. Maybe even fatal. By the way, pay attention to how the friendly Serbia will pay for gas. Good luck, and see you on MOEX.

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