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gutitout | 3 years ago

“US doesn’t buy anything from Russia.”

https://www.wsj.com/amp/articles/russian-oil-flows-but-incre...

“Germany has said it wouldn’t pay in ruble.“

True. Due to long term contracts in place, some oil is not purchased using rubles. Still, other European countries including Netherlands, Hungary, Poland, Lithuania, Greece and others are purchasing in rubles. Also, India and China are purchasing a large amount of oil. https://www.reuters.com/business/energy/who-is-still-buying-...

“By paying in ruble they create an artificial demand for the currency, making it worth more.”

The demand is not artificial. The demand is the damn. Europe still imports 27% of oil from Russia.

“However Russian government can make the same thing with the euro / dollars they receive from oil / gas purchase. “

This is false. They cannot “do the same thing with the euro / dollars”.

“The only reason they asked others pay in ruble is so they don’t have to do the conversion themselves because you know, with all the sanctions it is a pain to do it.”

Again, false. They are deliberately increasing the value of the ruble.

“I’ve never seen anything about the gold standard thing”

https://seekingalpha.com/amp/article/4498704-russias-3-step-...

discuss

order

ratsforhorses|3 years ago

"other European countries including Netherlands, Hungary, Poland, Lithuania, Greece and others are purchasing in rubles. Also, India and China are purchasing a large amount of oil. https://www.reuters.com/business/energy/who-is-still-buying-..."

I did a bored skim read through the linked article, but couldn't find any reference to " Netherlands, Hungary, Poland, Lithuania, Greece and others are purchasing in rubles" Do you have any other sources? Btw thanks for the link, interesting info

gutitout|3 years ago

Everyone is now paying in rubles.

arroz|3 years ago

The link you posted has absolutely nothing to do with what you quoted

You can say what I am saying is false

I can say what you are saying is false

Sharing so you can learn a bit… https://youtu.be/_PwsU43S_Cs

gutitout|3 years ago

Ok. Everyone now paying in rubles.

deepsun|3 years ago

Any sources on Netherlands and others paying in roubles? Your link doesn't say anything about it. All I heard is about Hungary said they'll pay in roubles, but not sure about any actual payments made.