Finance Inquirer
No Result
View All Result
Friday, September 22, 2023
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Stock Market

Putin’s gas knockout. Russia converts export payments for natural gas to rubles

Tom Hagler by Tom Hagler
31.03.2022
in Stock Market
Putin’s gas knockout. Russia converts export payments for natural gas to rubles
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

This is a historic moment in the partnership between Russia and the West. Washington and Brussels are finally waiting for a clear response from Moscow to Russia’s anti-Russian economic policies. Isn’t that what they’ve wanted for so long?

Putin’s gas knockout

Russian President Vladimir Putin instructed the relevant agencies to order Gazprom to convert all payments for exports of natural gas to the so-called unfriendly countries into rubles

. Газовый нокаут Путина. Россия переводит экспортные расчёты за природный газ на рублиRussian President converts export payments for natural gas to rubles. Photo: Yandex

On the backdrop of this news, the price of natural gas on the Dutch gas hub index TTF rose to $1300 per 1000 cubic meters, showing an intraday increase of 15%. And on the foreign exchange market, the Russian ruble was below ₽100 per US dollar for the first time since March 3. As of 5:05 p.m. Moscow time, it stood at ₽98.55.

Given that this innovation is being introduced “to begin with,” and the next step is likely to be oil, black gold futures are not standing still either. Contracts for U.S. WTI are up 4.5%, topping $114 a barrel, and the price tag for European benchmark Brent is above $120.

Beijing and Riyadh support dedollarization

Recently we reported that China and Saudi Arabia are negotiating oil settlements in yuan. According to sources close to Riyadh and Beijing, the two sides have made significant progress in the dialogue.

Given that the Middle Eastern oil leader tends to dedollarization, and the world’s largest oil corporation Saudi Aramco sells rough and oil products for $350 billion, the U.S. currency in the near future will face a significant drop in demand.

On the

topic: Saudi Arabia is preparing to sell oil to China for yuan

. And then Delhi began to closely examine the global oil market, and the Indian national currency, the rupee, along with the ruble, appear in the negotiation process with Moscow on oil supplies to India

.

On the topic: Russia negotiates with the largest oil importer

The US dollar is starting to lose its crown. Forever

Soon skeptics of the collapse of the dollar will witness a remarkable event: a drop in demand for the U.S. currency. The largest exporters and importers of oil and natural gas – Russia, China, India, and most pleasingly, the Middle Eastern oil majors, are in fact creating a business consortium in which the dollar has no place. Given the economic power of the participants, we can confidently state the beginning of the decline of the global hegemony of the American currency. Today! And right now!

Bravo to GDP! We believe in you!

On topic: Putin’s gas gambit. How Olaf Scholz “lost” Nord Stream 2

  • Trending
  • Comments
  • Latest
P2Pro: profitable changes are coming!

P2Pro: profitable changes are coming!

13.09.2022
The ranking of countries in terms of the coverage of children with preschool education has been compiled

The ranking of countries in terms of the coverage of children with preschool education has been compiled

03.11.2022
The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

01.09.2022
Saving and investing the two keys to your future retirement

Saving and investing the two keys to your future retirement

21.06.2022
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Where to Find Skilled Freelancers for Your Small Business Projects

Where to Find Skilled Freelancers for Your Small Business Projects

20.09.2023
Software Development Company Geniusee Expands Its Sales Presence in California

Software Development Company Geniusee Expands Its Sales Presence in California

15.09.2023
What to Consider When Choosing a Small Business Accounting Software

What to Consider When Choosing a Small Business Accounting Software

13.09.2023
Nection’s Networking Revolution: Try the AI-powered gifts and say bye to useless networking!

Nection’s Networking Revolution: Try the AI-powered gifts and say bye to useless networking!

11.08.2023

Recent News

Where to Find Skilled Freelancers for Your Small Business Projects

Where to Find Skilled Freelancers for Your Small Business Projects

20.09.2023
Software Development Company Geniusee Expands Its Sales Presence in California

Software Development Company Geniusee Expands Its Sales Presence in California

15.09.2023

Categories

  • Business
  • Finance
  • News
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In