Germany has declared an \u201cearly warning\u201d over possible gas supply disruption amid a payments stand-off with Russia<\/strong>.<\/p>\nRussia had demanded \u201cunfriendly\u201d countries pay for its gas in roubles from 31 March, but the EU, which mainly pays in euros, has rejected the idea.<\/p>\n
Moscow later appeared to soften its stance, saying on Wednesday rouble payments would be introduced gradually.<\/p>\n
But\u00a0Germany has urged consumers and companies to reduce consumption in anticipation of possible shortages<\/strong>.<\/p>\nGermany gets about half its gas and a third of its oil from Russia and has warned that it could face a recession if supplies suddenly stopped.<\/p>\n
Under an existing gas emergency plan, the \u201cearly warning phase\u201d is the first of three steps designed to prepare the country for a potential supply shock.<\/p>\n
In its final stage, the government would bring in gas rationing<\/strong>.<\/p><\/blockquote>\nThe question to be asked is who is sanctioning who? By any metrics, it definitely looks like the Russians are playing check, while the West is playing checkers. After basically canceling Russia on the world stage and confiscating Russia’s sovereign funds, the West is now complaining that Putin is not playing fair.<\/p>\n
I’m actually expecting EU to be forced sell products(whether in sanctions list or not) to get the Rubles. Russia has very limited use for EUROs because of sanctions.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
We have to admit: Putin does not bluff.<\/p>\n
No plan will work in the longer term unless there is an exchange of value for value. The ultimate payment for clearing balances between nations should be gold.<\/p>\n","protected":false},"excerpt":{"rendered":"
Let’s make this hashtag trend: #FreezeForUkraine This is not a joke, unfortunately. If Germany refuses to pay for gas in Russian rubles, the Russians will turn off the spigot and Europe’s largest economy will come to a screeching halt. BBC: Germany has declared an \u201cearly warning\u201d over possible gas supply disruption amid a payments stand-off […]<\/p>\n","protected":false},"author":7,"featured_media":4159,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Germany's Gas Crisis: Potential Recession Looms as Russia Demands Payment in Rubles","_seopress_titles_desc":"Germany faces a potential gas shortage as Russia demands payment in roubles. Germany warns of recession and urges reduced consumption.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[162,40],"tags":[],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/4158"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=4158"}],"version-history":[{"count":1,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/4158\/revisions"}],"predecessor-version":[{"id":4160,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/4158\/revisions\/4160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/4159"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=4158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=4158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=4158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}