Quote from: eaLiTy on May 13, 2022, 11:00:05 PM

Quote from: Crypto Library on May 13, 2022, 02:58:30 PM

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No matter what they say in the end you will see that they are buying oil and gas from Russia by rubble, whether openly or secretly. Because they have no choice but to do so. Europe imports 40% of its oil and gas from Russia. Europe will have to spend a lot of time looking for alternative routes and will have to pay higher prices than could be bought from Russia. I wouldn't call selling oil and gas in rubles a blackmail because if everything can be bought with USD then why not rubble? The USD is a country's currency, the ruble is also a country's currency .

Ruble went down in valuation because of the restrictions imposed upon them and they can demand pay in their currency to balance that and since Russia have the upper hand because majority of the oil is imported to Europe they will be forced to comply as there is no other country that will be able to comply with the demand. If i remember correctly even OPEC rejected the proposal to increase production.

True, although the European Union condemned the decision but Russia must do it to balance the value of their currency. in a war situation like this the organizational regulations will not apply to a big country like Russia, this can be proven when Russia does not heed the request from the head of the UN for Russia to stop the invasion of Ukraine. I've also heard that Russia also left the UN Human Rights Council and also left the nuclear agreement.