What's new

Russia-Ukraine War - News and Developments

Status
Not open for further replies.
. .
I don't think you understand what is being agreed here. This agreement also protects Gazprombank from sanctions, if Europe wants to keep the gas flowing from sanctions. The EU will have to make sure that they protect Gazprombank from sanctions.

Remember the Rubble is now tied to the gold, so any exchange rate will depend upon the gold standard. Another way that Putin is inflicting pain on the fiat money while EU is continuing the trade with Russia.





Nobody believes these stories any more. Bring proof or it is just a rehashed propaganda.
Nothing changed. Gazprombank was not saction before, exactly to trade energy with Russia. It takes time to lower energy dependency on Russia, but this will happen.

Gold standard ? Rather stabilisation of the OFFICIAL exchange rate, it won`t be sustainable in the long run, you will just simply run out of gold, but it does cushion the shock, for now.

Generally stronger ruble does not bring you much, if you cannot buy aircraft parts or software for your economy ;)
 
. .
Having your currency tied to the gold means you don't hold the "fraudulent" fiat money. It doesn't matter how much they can exchange between the Rubble and Gold now. Putin and Russians are playing the long game of making sure the gold standard is accepted, while they beat the sanctions and protect their interest.

Some of the EU states are having separate discussions with the Russians. As you can see Chancellor Scholtz is already looking out what is good for Germany and how they can bypass the unilateral sanctions from the West against Russia. If anything, we can see the cracks opening up between the coalition that was supposed to sanction Russia.
Gold does stabilize, but it won`t do a major currency out of the Ruble. Technology and Know-how makes you strong in modern world.

Scholtz just forced Putin to further accept payment for Gas in Euro/USD which was the line of the G7, so where is the baypass ? There was no embargo on Gas or Oil, just plans and gradual actions to shift the source. The gold / gas actions are just desperate means of defence.
 
. . . . . .


Wherever we defend Ukraine, our landscapes are everywhere! And for the enemy - our rage and ammunition!

We continue to fight! 🇺🇦


COVID ;) not Russia
1648681263580.png

Covid was bad ..and this war worsens the situation all over Europe and the rest of the world..

 
Last edited:
. . . . .
Status
Not open for further replies.

Pakistan Affairs Latest Posts

Country Latest Posts

Back
Top Bottom