Russia Turns Off the Gas To Europe in Under 48 Hours

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Russian media reports Putin has given “hostile” countries a March 31 deadline to begin payments for natural gas imports in rubles. It affects countries that froze its foreign currency reserves.

The media reports that after March 31st, Europe will not get free gas if countries refuse to pay in rubles. “We are not going to supply gas for free, this is clear,” Kremlin spokesman Dmitry Peskov said on Tuesday.

Europe depends on Russian gas for 40% of its needs. Today, German officials announced that Germans should prepare to face gas rationing. It will be a major hit to Europe’s economy as gas goes sky-high. As German chancellor Olaf Schols warned, it will trigger an economic recession across Europe.

On a broader scale, there is a risk of a global energy crisis. At the same time, Biden is trying to accelerate the destruction of the US oil and gas industry.

As for oil, Russia supplies around four million barrels of oil per day to the European Union. Unlike gas, the supply of which to a greater extent is still regulated by long-term contracts, the price of oil is volatile and is determined by supply and demand. If Europe still decides to abandon Russian oil, then crude prices could soar to $200 per barrel, or even higher, analysts warn.

That will greatly advance the goals of The Great Reset in the West.

The West is going on a wartime footing over Ukraine.

Putin believes that if the West imposes more sanctions, it raises the possibility that other Russian export commodities could be priced in rubles, including crude oil, coal, metals, rare earths, minerals, precious stones, noble gases, timber, fertilizers, food oil and grain.

Russia will lose money too but they can direct some of their gas supplies to Asia.


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PanamaPat
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PanamaPat
1 year ago

The Vatican will pay its gas bills in rubles and has offered its fiancial and banking services to other gas buyers. Looks like the Church is showing good common sense.

Prince Eugene
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Prince Eugene
1 year ago

SWIFT, the globalist financial system blocked to Russia by Biden’s handlers, is being bypassed by Russia with a new system to allow direct rupee-ruble exchanges between India and Russia. The petrodollar is passé, a zombie artifact of a broken economy. And US citizens, including every indiscriminate modern liberal who voted for being ruled by corporate fascism and who unintentionally aided the disintegration of our economic system of Federal Reserve debt, will finally realize they are paupers at a speed equal to moribund thought.

Ben Colder
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Ben Colder
1 year ago

Trump has turned out to be right on a lot of things I miss Trump.Can not stand the stupid fool that is president now what a loser.

Mardasee
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Mardasee
1 year ago

I’ll shoot if that happens.

D3F1ANT
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D3F1ANT
1 year ago

Trump was right again. He scolded Germany for being hostage to Russia and now the tap is closed.