$kold..Europe pretty much threw the white surrender flag out on Friday as Germany and Italy now paying ruble for gas. Plenty of gas supply now.
US sanctions imposed on Russia have been a complete disastrous failure devastating the pockets of Americans and causing the further price rise of food and gasoline (diesel) for its own citizens while meanwhile Russia is laughing all the way to the Bank and at Biden as it avoids all sanctions and can continue to earn rubles from Germany and Europe, and it can continue to earn foreign exchange from other countries that it’s selling its agriculture to at rising prices, its oil and gas at rising prices, too. So obviously, the balance of payments is going way up and Russia is becoming much wealthier as a result of Biden’s sanctions. Russia energy profits up 50% since war begun
EU Gives OK To Pay For Russian Gas In Rubles
By Julianne Geiger - May 20, 2022, 4:00 PM
The EU has put an end to the lingering ambiguity surrounding how EU members can pay for Russian gas without violating sanctions.
Russia has demanded that countries pay for its gas in rubles, although European governments have struggled to find a way to oblige Russia while not running afoul of sanctions. Further complicating matters—until now—was the EU’s lack of clarification on whether such an arrangement would violate the current sanctions.
On Friday, Germany and Italy both told companies that they could open up rubles accounts in order to purchase Russian gas, in line with President Vladimir Putin’s request.
