Dmitry Orlov As the situation stands today: 1. Russia has announced that since the US and the EU have defaulted on their US dollar and euro obligations, respectively, by freezing Russian reserves, Russia will now only sell natural gas for rubles. 2. There is no other source of sufficient quantities of natural gas available; thus, the EU has no choice but to continue importing natural gas from Russia.
Sanctionistas Go Shopping for Rubles
Sanctionistas Go Shopping for Rubles
Sanctionistas Go Shopping for Rubles
Dmitry Orlov As the situation stands today: 1. Russia has announced that since the US and the EU have defaulted on their US dollar and euro obligations, respectively, by freezing Russian reserves, Russia will now only sell natural gas for rubles. 2. There is no other source of sufficient quantities of natural gas available; thus, the EU has no choice but to continue importing natural gas from Russia.