Russia offered Germany an optimal scheme for paying for gas in rubles

It seems that Russia has decided to deprive Europe of the last "trump card" in the gas dispute. More recently, German Vice-Chancellor Robert Habeck said that the GXNUMX countries would not pay for gas in rubles. According to the West, the “reinforced concrete” argument for refusing Russian conditions is a contract in which the ruble is not listed as the currency of payment for the supplied “blue fuel”.

During yesterday's telephone conversation with German Chancellor Olaf Scholz, Russian President Vladimir Putin offered Germany an optimal scheme for paying for gas in rubles. According to the Russian leader, in this case, no one is going to violate the terms of the contract.

For example, if according to the contract settlements must be made in euros, then the importing country will be able to pay for gas in this currency. In this case, the amount of payment will depend on the official exchange rate of the ruble against the euro, established by the Central Bank of the Russian Federation.

In practice, payment will be made as follows. On a pre-agreed settlement date, the buyer will transfer the payment for gas in euros to an account with Gazprombank, which will then convert the payment into rubles.

It is worth noting that for Germany, as well as for other importing countries, this option is indeed optimal. After all, the aforementioned "on-the-fly conversion" does not provide for the creation of a reserve on accounts in Russian banks, which could be frozen by Western "comrades". Accordingly, for Europe, imposing sanctions against this bank would be a senseless undertaking.

At the same time, without violating contractual obligations, Russia will be able to transfer energy trade to the ruble zone. This will automatically increase the demand for our currency and, as a result, will strengthen its exchange rate.

Comments

[Alien From]

To be honest, I did not understand anything from the article .....

[andr327]

After all, bankers are: I twist, I twist on ... I want to prick.

[SKVichyakow]

Quote: andr327

After all, bankers are: I twist, I twist on ... I want to prick.

When will we stop thinking for others, solving their problems for them? The authorities would better think for their people, how they live, and how to improve their lives. The West never thinks to make life easier for us, only how to complicate it. Well, what is the sale for rubles? They pay us euros and get gas. What changed? Nothing. Will pay at the rate of the ruble. The main word RUBLE is present. It's like everything needs to be perverted and adjusted to them. And note that they are not under us, but as always, WE are under them. It seems that MEDINSKY sits and rules in all ministries. Chubais and his ugly heritage, more alive than all the living.

[military_cat]

the buyer will transfer payment for gas in euros to an account with Gazprombank

Well, that's the whole "sale for rubles." And there were conversations.

which will then convert the payment into rubles

Now exporters are obliged to sell 80% of foreign exchange earnings, they will be obliged to sell 100%.

[SKVichyakow]

You catch the difference in their attitude towards us - imperial, dismissive, and ours towards them is a servile desire to please somehow even in this.

[Paranoid50]

Quote: SKVichyakow

and ours to them is a servile desire to please somehow even in this.

You do not extend your personal attitude to everyone, yeah.

[SKVichyakow]

This is my opinion, yes.

[Shurik70]

Brad.
What prevented Gazprom from "converting currency into rubles" before?
Damn, I was just glad that the ruble is strengthening

[Shurik70]

This article is missing a "small" detail that all explains a lot.
The buyer must transfer the currency to a RUSSIAN bank, which will convert the currency into rubles.
Not exactly what I wanted, but not at all like "pay Gazprom whatever you want, and then he'll somehow get upset."
In practice, they will change the currency into rubles in a Russian bank.
https://www.mk.ru/economics/2022/03/31/putin-nazval-populizmom-naiznanku-obrashhenie-evropy-s-rossiyskim-gazom.html?utm_source=yxnews&utm_medium=desktop

[Rostislav]

And what to do with this currency if payments do not go through and nothing can be bought for it?

[Shurik70]

Buy coconuts in Zimbabwe
And you won't spend anything else

[ABC-schutze]

Well no...

With a slippery "scheme", Russia, in fact, gives the "partners" a specific slap in the face. But only with a "polite" hand in ... a kid glove.

[Civil]

Everything is clear, a cunning scheme to circumvent sanctions on both sides

[military_cat]

There are no sanctions on gas supplies to Europe, and there are no sanctions against Gazprombank from Europe either. If an embargo had been introduced, such a scheme would not have helped. All this looks like pure PR, and Scholz's surprise is also understandable - he is trying to understand what has changed for him, if nothing has changed.

[SKVichyakow]

Quote: military_cat

There are no sanctions on gas supplies to Europe, and there are no sanctions against Gazprombank from Europe either. If an embargo had been introduced, such a scheme would not have helped. All this looks like pure PR, and Scholz's surprise is also understandable - he is trying to understand what has changed for him, if nothing has changed.

The question in this case is not about the fact that "there are no sanctions on the supply of gas to Europe, and sanctions against Gazprombank", but that it is VOICED that gas will be sold to unfriendly countries FOR RUBLES. Can this somehow be understood differently? Or Germany has already become a friendly state to us? Medinsky sticks out of every hole and crevice. If you said something, get what you said, otherwise no one will take you seriously. What we have had for all 30 years. About us, everyone who doesn’t laziness, wipe their feet, even the half-baked Balts, who never existed on the map.Even IT is trying to dictate something to us.

[ABC-schutze]

In fact, Russia has no "duty", to "sanction" only "this and that", as the so-called. "west".

Russia HAS THE RIGHT TO DETERMINE "the format and volume of the response" for the ILLEGAL so-called. "western sanctions". That is, to put it simply, FOR THEFT, the so-called. "west" of its sovereign assets ...

And Russia has the RIGHT, INDEPENDENTLY, TO CHOOSE both the "asymmetric" and the most painful (uncomfortable) form and scope of its RESPONSIBLE (and, therefore, LEGAL) sanctions

[SKVichyakow]

Quote: ABC-schütze

In fact, Russia has no "duty", to "sanction" only "this and that", as the so-called. "west".

Russia HAS THE RIGHT TO DETERMINE "the format and volume of the response" for the ILLEGAL so-called. "western sanctions". That is, to put it simply, FOR THEFT, the so-called. "west" of its sovereign assets ...

And Russia has the RIGHT, INDEPENDENTLY, TO CHOOSE both the "asymmetric" and the most painful (uncomfortable) form and scope of its RESPONSIBLE (and, therefore, LEGAL) sanctions

If Russia has such a right, with which I do not argue at all, then it is impossible to voice what you yourself do not fulfill. Who is called, in this case, I think you know for yourself. And how they are respected after that.

[zloybond]

And for me - so it turns out we helped them get out))) - in short, the world neighed

[tikhonov66]

"...
SKVichyakow (Sergey Vishnyakov)
...
When will we stop thinking for others, solving their problems for them?
Power would be better...
..."
- When will YOU stop thinking for others?
8-)))

[SKVichyakow]

I agree with you, but then why read and respond? And why are you thinking for me?

[Mikhail Tynda]

And for me - so it turns out we helped them get out))) - in short, the world neighed

I guess not completely neighing. Some will cry.
In my opinion, the scheme is as follows:
The payment goes to a certain transit account, "Gazprombank" provides the service of converting euros into rubles on the same account, the payment in rubles falls on the current account. We look:
1) Gazprombank under US sanctions;
2) The Bank provides a service for converting one currency into another, the final payment is still in rubles;
3) To provide this service, Gazprombank buys rubles on the stock exchange, maintaining the exchange rate.
It's just that a client (European) payment organization is provided with a conversion service. Economically - payment in rubles, only the client buys rubles not from the Central Bank and not on the stock exchange, but from another financial institution. That's all. And no need for tantrums. PAYMENT IN RUBLES. It’s like if you came to a grocery store, but exchanged euros not at the exchange office opposite, but at the checkout of the same grocery store, which, in order to change your euros, buys rubles around, and one more thing: you won’t hold rubles in your hands.

[zloybond]

That is, virtual euros that we do not see in Russia live turn into real rubles, which both lay and lie in the bank ..... but the gas is gone ????
Weird layout....
Well, at least the tank was chosen in the Crimea .... that would be more interesting

[volodimer]

I think this point is important here:

In this case, the amount of payment will depend on the official exchange rate of the ruble against the euro, established by the Central Bank of the Russian Federation.

But how the Central Bank of the Russian Federation will install it is a question. Say 1 ruble for 1 euro. What will the Germans do then?
Do not agree, then buy rubles in the gateway from speculators.

[SKVichyakow]

This is the essence of those who govern us. Even at the moment, they do not know who to settle down with: "either to the smart, or to the beautiful." Sit on two chairs at the same time. Medinsky blurts out one thing, Zakharova another, Peskov the third, and everything is not in the trend of Putin's statements.

[moscowp]

“Having not achieved what they wanted, they pretended that they desired what they had achieved.” Michel de Montaigne

[Edik]

Quote: SKVichyakow

The main word RUBLE is present.

Did you read the article at all, or did you start sketching right away? In this case, there is no fundamental difference who will buy ruble on the market! The ruble exchange rate will still strengthen and the economy will immediately feel it!

[the most important]

Quote: Edik

Did you read the article at all, or did you start sketching right away? In this case, there is no fundamental difference who will buy the ruble on the market! The ruble exchange rate will still strengthen and the economy will immediately feel it!

In this case, just and fundamentally WHO BUYS RUBLES!!! In fact, we (although we just didn’t cave in, but those who make decisions caved in) are moving backwards. Therefore, Medinsky's statements should also be taken quite seriously. I feel that there will be no denazification, since it is impossible without a change of power in Ukraine and the permanent deployment of Russian troops in the former Ukrainian SSR.

[Edik]

Quote: the most important

In this case, just and fundamentally WHO BUYS RUBLES!!!

And what does this principled attitude have to do with you?

Here I feel

[the most important]

Quote: Edik

And what does this principled attitude have to do with you?

The fact that it is immediately clear "who orders the music" ...
Although, personally, a month ago, I expressed some skepticism at VO that selling directly for rubles is possible. But then I was bombarded with a bunch of minuses. And I just did not understand the whole scheme, how to do it, in order to sharply strengthen the ruble. More precisely, I did not understand how the Central Bank can do this. They're all so smart over there. How will the then announced 80% of foreign exchange earnings differ radically from today's 100%????? I believe that VO simply needs to take a BIG interview with knowledgeable people, for example, Delyagin, on the entire range of financial policy. Maybe at least he can explain everything intelligibly what and how. If it can be explained at all.

[Edik]

Quote: the most important

The fact that it is immediately clear "who orders the music" ...

That's why people don't think with your head? People, you understand, we left the dollar and euro zones, the whole train left! What is their task? Their task is to flood the economies of other countries with their papers and then do whatever you want with this waste paper, like imitation beyond measure. Yes, we will take their papers, but we will immediately send them free swimming back to their economy! And, of course, we can continue to ride that Europe will die without our gas, but a year will pass, but it’s hard for them, but they will solve this problem, and we let's keep going!

[the most important]

Quote: Edik

What is their task? Their task is to flood the economies of other countries with their pieces of paper and then do whatever you want with this waste paper, well, like imitation beyond measure

And they do a great job with it. And they don’t sell anything on their candy wrappers. So you can draw arbitrarily many zeros in the computer, and in return get a lot of real gas. Just the perfect scam.

[Edik]

Quote: the most important

I believe that VO simply needs to take a BIG interview with knowledgeable people, for example, Delyagin, on the entire range of financial policy.

If you don’t watch these economists, you still won’t understand anything! They will only explain to you what they offer and what a wonderful effect it will be.

[dimbasic]

the fundamental difference is that, firstly, the EU will pay in euros and not in rubles, all risks in the euro will be borne by our buyers of the euro or Gazprombank. considering that now there is practically nothing to buy for the euro, then nafik who needs them

[Edik]

Quote from dimbasic

the fundamental difference is that, firstly, the EU will pay in euros and not in rubles, all risks in the euro will be borne by our buyers of the euro or Gazprombank.

Gazprombank, as it were, is not under sanctions.

[Egg]

Quote: Edik

Gazprombank, as it were, is not under sanctions.

Yes, it doesn’t matter if we are under sanctions or not, the main thing is that we won’t be able to buy anything with these euros and dollars received, since SELL
almost any goods are prohibited to us by sanctions and lists of dual-use goods!
so we’ll sit later on these candy wrappers like fools with shag and it’s a pity to throw it away and we won’t be able to spend it .... and the gas has already been given away ....

[Edik]

Quote: Telur

Yes, it doesn’t matter if we are under sanctions or not, the main thing is that we won’t be able to buy anything with these euros and dollars received, since SELL

Yes, that is why we will convert euros and dollars into rubles. They will not be in our circulation.

[dimbasic]

it is not yet under sanctions

[Edik]

Quote from dimbasic

it is not yet under sanctions

With the mutual desire of trading partners, this problem can also be solved.

[dimbasic]

in relation to the EU, it is high time to write the word partner in quotation marks

[Edik]

Quote from dimbasic

in relation to the EU, it is high time to write the word partner in quotation marks

They are bonded people, we will understand them and forgive them.

[dimbasic]

God forgives but I don't

[tikhonov66]

"...
I feel that there will be no denazification,
..."
- or maybe just "flair is lost"?
8-))

[tech3030]

Of course, it has become stronger! A pack of oil a year ago cost 90 rubles and now 180, this applies to everything. And yes, the ruble is stronger than ever!

[Edik]

Quote: tech3030

Eugene

Today, tomorrow, a year ago, the day after tomorrow!

[hagen]

Quote: SKVichyakow

The authorities would better think for their people, how they live, and how to improve their lives.

Well, you're definitely not a banker... It was already clear that this would be the case. After all, the aforementioned conversion is the conversion of euros into rubles, i.e. exchange of euros for the corresponding amount in rubles, formally - a purchase. The authorities showed Germany how this can be done without getting stuck in their own sanctions. By the way, the income from the sale of gas is more than 2, and sometimes even 3 trillion rubles out of the 20 trillion annual budget. And if the authorities think about sales and the proceeds from them, then this is precisely the thought of the authorities about their people. Turn on your head...

Quote: SKVichyakow

And note that they are not under us, but as always, WE are under them.

We think and offer for them, they overcome their own political barriers for us. Not sure why you are not happy? Medinsky? So he works in conjunction with the President and for the President. Nothing else is given. The fact that you do not see the true purpose of all movements, then it should be so. Not everything can be said. And as the "general panic" over these negotiations shows, it is generally harmful to voice some things.

[Edik]

Hagen (Hagen)
Here is no!

[Edik]

objections

[Azim77]

Quote: Hagen

After all, the aforementioned conversion is the conversion of euros into rubles, i.e. exchange of euros for the corresponding amount in rubles, formally - a purchase

Most likely, they will change the currency of payment, while maintaining the currency of the contract.

The negative comments are understandable, but you need to take into account what the goals are and the deadlines:
1. keep gas exports to Europe, respectively contracts
2. receive payment in rubles.

Even in small trading companies, signing an add-on takes a very long time, not to mention a new contract. In large international contracts, months or more are needed. Therefore, taking into account the timing, the parties are looking for a solution from the legal side of the most prompt. And the news in the article is a good signal.
In the future, after the expiration of the contracts, it will be possible to negotiate thoroughly on all counts.

[tikhonov66]

"...
Turn on your head...
..."
- and he is NOT a READER ...
However, he is ONLY a WRITER...
8-)))

[dimbasic]

and what prevents later to impose sanctions against the GPB as associated with the government?

[hagen]

Quote from dimbasic

and what prevents later to impose sanctions against the GPB as associated with the government?

Something apparently got in the way, if sanctions were not imposed against the GPB along with everyone else ... Maybe this will interfere in the future too ...

[dimbasic]

only until they blow the whole world with gas

[Vend]

Quote: SKVichyakow

Quote: andr327

After all, bankers are: I twist, I twist on ... I want to prick.

When will we stop thinking for others, solving their problems for them? The authorities would better think for their people, how they live, and how to improve their lives. The West never thinks to make life easier for us, only how to complicate it. Well, what is the sale for rubles? They pay us euros and get gas. What changed? Nothing. Will pay at the rate of the ruble. The main word RUBLE is present. It's like everything needs to be perverted and adjusted to them. And note that they are not under us, but as always, WE are under them. It seems that MEDINSKY sits and rules in all ministries. Chubais and his ugly heritage, more alive than all the living.

I have long been convinced that our president does nothing just like that. Everything is calculated and in the end it turns out only + for Russia, and therefore for citizens.

[Viking1966]

Of course, the outrage is understandable, but the proposed scheme is really very beneficial for Russia. In fact, Europe will pay in rubles through the euro. That is, the euro at the rate of the Moscow Currency Exchange, through our Gazprombank, whose accounts will have to be released from sanctions, and the euro will remain in Russia to pay for other goods, such as medicines or medical equipment. The main thing! All transactions under these calculations will be made in Russia and on our terms.

[dorz]

Nothing changes, they supply weapons to Ukraine, they get gas for ̶̶b̶u̶s̶y̶ euros.

[Pete mitchell]

Quote: andr327

After all, bankers are: I twist, I twist on ... I want to prick.

Riddle: - walked down the street "wedding general", "poor banker" and Santa Claus, which of them is a fictional character?

[tihonmarine]

Quote: Alien From

To be honest, I did not understand anything from the article .....

Yes, everything is fine, it's like: "Rise up or fall down, all early in the middle of the millstone."

[The black]

Mr Referee! I hit him in the face, and he dodges. I cho, beat in vain, trained in vain? This is against the rules!

[tihonmarine]

Quote: Black

I cho, beat in vain, trained in vain? This is against the rules!

That's right - "I always beat my face without rules, but it hurts."

[NIKN]

All clear. like, pay and we will figure it out, at the rate of the ruble, at least pay for anything.

In this case, the amount of payment will depend on the official exchange rate of the ruble against the euro, established by the Central Bank of the Russian Federation

Only in this way, and all the pleas about the refusal to pay in rubles ...., the sheriff does not care about the problems of blacks! We have a good saying "For every tail there is a tool with a screw"

[Cron]

Quote: Alien From

To be honest, I did not understand anything from the article .....

Ah, well, you refuse to buy in rubles. Well then, here is another scheme: Transfer to us in euros, and we ourselves will convert them into rubles, then no one will violate obligations. Well, please, we already announced this, let's save face

[Paranoid50]

Quote: Cron

let's save face

In your case, nothing will help - it is unrealistic to save such a "face".

[tikhonov66]

"...
and we ourselves convert them into rubles, then no one will violate obligations.
..."
- you ALSO, it seems only a WRITER ...
8 - ((
- It seems to you CLEARLY SAID,
that the EXCHANGE RATE - will be set by RUSSIA,
and not Fashington, as before ...
.
SHUT UP, literate...
8o))))

[gjkrjdybr50]

If we add to this scheme a fee for the services of buying rubles or converting, in the amount of 1% of the payment, everything would be fine.

[Nexcom]

Some kind of crap, in my opinion .... The payment is all the same euro turns out. Whether it is not enough that there convert. Will the bank itself buy rubles for euros? Where will the euro go next? Now, if the Germans started buying rubles first and paying in rubles, then yes.

Now, if it were like this: the Germans open a bank account in euros, this bank sells rubles to the Germans for euros (or converts euros into rubles), the Germans pay in rubles. Then it would be okay.

[Flooding]

Some kind of confusion.
Need to wait for clarification.
Some media hurried to give the news to the mountain first.
Without understanding.

[NKT]

The article is somehow not so stated, but still there was a departure from the originally announced plans.

Putin said that Berlin still has the opportunity to continue buying gas for euros, and not for Russian rubles, but in a different format. The revision will affect only the intermediary - if earlier companies transferred payment to Western banks, then we should now cooperate with Gazprombank.

Well, it’s good that he reminded him why this is and what does the contract have to do with it:

The change in the procedure for settlements is introduced due to the fact that, in violation of international law, the foreign exchange reserves of the Bank of Russia were frozen by the EU member states

[Woodman]

Quote: Flood

Some media hurried to give the news to the mountain first.

Let's not point fingers at these media?))

Quote: Flood

Need to wait for clarification.

As I understand it, the news is based solely on information from Germany ... At least everything that I found on this topic - everyone refers to the Germans. And there are no quotes or links in the article itself. Ultimately, it could all turn out to be fake.
If I'm not mistaken, the relevant departments are to make a report to Putin on the transfer of payments into rubles only today. Those. in fact, there was no report yet, which means that Putin could not make such a proposal.
But supporters of the "Putinsleal" theory already like it.

[Woodman]

I said fake.

The scheme, according to which Russia proposes switching to paying for gas in rubles, involves opening a ruble account in a Russian bank.

The calculation procedure is given by RBC with reference to sources in the government and Gazprom. According to the interlocutors, "the payment from the buyer to Gazprom will have to be made exclusively in rubles." This will require a bank account with a Russian residence permit.

You can disperse.

[Cat Kuzya]

It turns out that the bank received the euro, then converted it into rubles, sent the euro back to the Germans, and left the rubles on its account? Do you need to buy gas equipment for euros and where can companies get them? Does she have rubles in her account? Cool. And why does Russia need rubles? They can be printed randomly. Need currency! You can sell liquid goods only for hard currency, which you can then buy anywhere and anything. In the current conditions of the blockade, there is only one such currency - the yuan. But! China does not allow its use in foreign trade operations without the permission of its State Bank. The Central Bank of Russia has not yet reached an agreement with China on this issue. He did not agree that Russian companies should be able to use the yuan in foreign trade activities both with China and with other countries. And this proposed scheme for exchanging euros for rubles is the first time I have come across such a thing. It's not even a multi-move, I don't know what it is at all. Although .. I understand! We follow the same budget rule! That is, we sell for currency and print rubles for its received amount. And the euro returns abroad again. Or is it just erased? So that it doesn’t exist at all, and instead of it there are only rubles? Otherwise, it would be cool - the Germans paid us in euros, we printed rubles for that amount and returned the euro to the Germans, and as a result, the Germans received our gas for free, and we increased our ruble mass. Phew, Voronezh is here, just resting.

[Cat Kuzya]

Yes, as I just read, the scheme is as follows: Gazprombank sells the received euros to our Central Bank at the rate of the Central Bank. That is, this is a 100 percent sale of foreign exchange earnings for rubles and nothing more. No trading for rubles. Gas payment - in euros. Rubles remain in Gazprombank's accounts, and euros go to our Central Bank, which is under sanctions. That is, the exporter sits with rubles, for which nothing can be bought abroad, and the Central Bank, in this way, gradually returns the 400 billion dollars spent by him. The only question is, what will our Central Bank do with these euros? Is he under sanctions? He does not have the right to operate with the euro. I wonder how he's going to spend them? Only for a "legal" increase in the ruble mass in accordance with the Kudrin budget rule?

[evgen1221]

And this currency is returned to the accounts of the affected oligarchs

[dimbasic]

and to which account in euros will GPB transfer euros from the Central Bank?

[nickname7]

Some kind of crap in my opinion .... The payment is still euro

Quite right, real resources are exchanged for bank account numbers, the Germans will drive on Russian gasoline, and we will look at the numbers. There is such a Boldyrev, he offers to exchange gas and oil for the things we need, and not for numbers and not cut paper, we need machine tools, turbines, electronics, engines for Kamaz, equipment for the industrialization program, the price of this should be recalculated for the volume of gas and exchanged if Germany does not want to exchange means not to supply them with gas. Actually, this is the principle of trade to exchange what we need, if they offer to supply bags from Versace and Pokemon for 10 yards of euros, but we don’t need it, then don’t supply them with oil, if you please, they say, put turbines and processors, then you will have oil.
If you cannot buy turbines with euros, then the euro is fake, not money, you need to exchange goods for goods.
In trade with the EU, it is necessary to switch to barter goods for goods, and to carry out industrialization.

[dimbasic]

for this it is necessary to change the political elite and the socio-economic formation, because you can’t cook porridge with the capitalists. not for nothing that the USSR rolled up the NEP before industrialization

[Pete mitchell]

Quote: Nexcom

Where will the euro go next? .

And the euros will most likely go to service Russian obligations ... well, where else are they

[prior]

It would be good to convey the message to European countries that for those who do not agree to switch to paying in rubles in April, the price in May will be increased several times .... and all in the same rubles.
And what do we lose?
Let them hurry up.
In line Europeans, in line .....

[Simple]

-----------------------
Something like this;

[Gardamir]

That's it, they will pay in euros, not rubles.

[Simple]

Pegged to the ruble.

[Adrey]

Quote: Simple

Pegged to the ruble.

The payment will be tied to the price of the contract.

[Simple]

You read the news again.

[Adrey]

Quote: Simple

You read the news again.

What for? Maybe you can explain the scheme of linking the ruble exchange rate here for payment in euro at the price of the contract?

[Simple]

In this case, the amount of payment will depend on the official exchange rate of the ruble against the euro, established by the Central Bank of the Russian Federation.

You did not agree with my comment about linking payment to the ruble exchange rate. What's in the "bottle" climb?


Ask Nabiullina - she will explain to you what the trick is.

[Adrey]

Quote: Simple

In this case, the amount of payment will depend on the official exchange rate of the ruble against the euro, established by the Central Bank of the Russian Federation.

You did not agree with my comment about linking payment to the ruble exchange rate. What's in the "bottle" climb?

The amount of the buyer's payment will be in euros, stipulated by the terms of the contract. At what exchange rate will the euro be converted into rubles (and why?) our bank, depends on the rate of the Central Bank and the MICEX. That is, these are purely our internal problems, and not in any way unfriendly to us buyers of our resources.

Quote: Simple

Ask Nabiullina - she will explain to you what the trick is.

I'm afraid there will be no comments.

[Simple]

And it would be interesting to hear this comment so to speak officially.

[Adrey]

Quote: Simple

And it would be interesting to hear this comment so to speak officially.

Undoubtedly! But the Central Bank does not pursue its policy in foreign trade relations. This is the fate of other ministries.

[evgen1221]

And a huge amount of rubles will either accelerate inflation or settle like dead weights on the account of the Central Bank, so as not to accelerate inflation.

[_Sergei_]

They will pay in euros, but at the rate of our central bank

[dimbasic]

how is that? if the price in the contract is equal to the exchange price in London, then the payment amount will be calculated first in dollars, and then converted into euros, which the EU will transfer to the GPB correspondent account, which the same EU can easily freeze

[dimy44]

To be honest, I did not understand anything from the article ...

The most honest and adequate comment. And then there are so many specialists on the branch, they criticize, they know better.

[NAIL77DM]

you are right sir, they are all bankers, in the sense that they have bank accounts

[nnm]

To be honest, the proposed scheme will only cover our exporters again. So what's the difference between what we have now? Now we sell 80% of the proceeds, and we will sell all 100%. The only question is at what rate. But again, this is only an internal issue of Russia, it does not concern the buyer countries, since they spend a different currency.
If it is proposed to recalculate the price of the contract at the ruble exchange rate and then check through the conversion whether there is enough currency in the payment .. then this is nonsense and not a single buyer at a fixed rate will agree to this.
And the longer we play with whether or not to close the valve, the more time the enemies have to find other ways of supply.

[dimbasic]

and who will buy the euro if almost all imports are stopped from the EU? if only to sell to the Chinese.

[Vasilenko Vladimir]

Quote: Alien From

To be honest, I did not understand anything from the article .....

on this and calculation

[Alien From]

Very correct picture

[Piramidon]

Quote: Alien From

To be honest, I did not understand anything from the article .....

As I understand it, the incoming money in Gazprombank will be kept not in euros, but in rubles. Only and everything. Although even before that, no one prevented him from keeping the loot in any currency that cannot be frozen, even in yuan, even in tugriks. But after all - "we sell for rubles" sounds proudly.

[dimbasic]

it seems to be written in black and white that euros will be credited to the GPB account

[Piramidon]

Quote from dimbasic

it seems to be written in black and white that euros will be credited to the GPB account

So they, before reaching the account, "on the fly" will turn into rubles. I understand.

[dimbasic]

but physically, the Jews will be located in the EU. so barter is the best option

[Woodman]

Quote: Piramidon

"on the fly" will be converted into rubles.

There will be no conversion.

Russia has offered gas buyers from the EU a payment scheme with the obligatory opening of a ruble account in a Russian bank, RBC sources say. The day before, Reuters wrote that the possibility of paying in euros in ruble terms was discussed.

The news came out two hours ago. But for some reason it's still being held...

[Andrey Andreev_2]

Gazprombank did not fall under EU sanctions, so the Germans can pay in Euros at the MICEX rate, and Gazprombank will convert the payment into rubles, transferring it to Gazprom's accounts.

[ABC-schutze]

It is clear from the article that Vaterland will be forced to "bypass" his own sanctions against the ENTIRE Russian economy. CAM "giving" the euro for conversion into rubles ...

And it is clear that if he refuses this tempting offer of the President of Russia, then he will thereby refuse the supply of Russian natural gas. Just in case...

"Today", the Vaterland gas storage facility is only 25% full. It's still cold April. The Vaterland does not have its own LNG terminals. And LNG supplies from the terminals of the "neighbors", Poland, Denmark and Holland, this is for the economy of the Vaterland, - "dead poultice" ...

From the development of the plot, it is clear that the German prisoner of war of the American occupation regime, Scholz, will try to play for time to force the filling of German gas storage facilities, demanding "written explanations" of the mechanism proposed by Russia. And it is clear that Russia will not give him (and his Fatherland, again directing his Wehrmacht on the territory of the USSR) this time. Just because it is "unnecessary" for Russia to keep prisoners of war of the American occupiers ...

[Alexey Jr.]

Germany will have to open 2 accounts in a Russian bank, one in euros, the other in rubles. She transfers payment for gas to her account in euros, in the same bank they convert euros into rubles, and Gazprom receives payment in rubles. Something like this.

[Trapp1st]

didn't understand anything from the article.

Offer half measures

[fruc]

Chancellor Scholz did not understand either, he asked for a written explanation. Personally, I don't like this. I see no reason to ensure the economic well-being of the states of the collective West.

[fif21]

Quote: Alien From

To be honest, I did not understand anything from the article .....

Everything remains as before, Europe will pay for gas in Euros.

[tech3030]

What is not clear here, the back is turned on.

[Cron]

During yesterday's telephone conversation with German Chancellor Olaf Scholz, Russian President Vladimir Putin offered Germany an optimal scheme for paying for gas in rubles. According to the Russian leader, in this case, no one is going to violate the terms of the contract.
In practice, payment will be made as follows. On a pre-agreed settlement day, the buyer will transfer the payment for gas in euros to an account with Gazprombank, which will then convert the payment into rubles.

First we say one thing, put forward demands and ultimatums, then immediately give the back. Great plan. Reliable as a Swiss watch.
And who after that should treat us seriously and with respect?

[Dym71]

Quote: Cron

First we say one thing, put forward demands and ultimatums, then immediately give the back. Great plan. Reliable as a Swiss watch.
And who after that should treat us seriously and with respect?

This has been said a hundred times, but I will repeat it especially for you.
Our Darkest always for the first time offers options and mutually beneficial conditions, in case of disagreement on the part of the "partners" the conditions become more stringent, the third time the "partners" get nothing.

[Cron]

Quote: Dym71

Our Darkest always for the first time offers options and mutually beneficial conditions, in case of disagreement on the part of the "partners" the conditions become more stringent, and the third time the "partners" get nothing.

For the first time, Putin said that they would sell gas and oil to unfriendly countries only for rubles. Now they are offering a compromise. So where are the conditions getting tougher?

And especially in the negotiations, the conditions for Ukraine are getting tougher and tougher. Even the fact that they submitted their proposals to us on paper, Medinsky regards as a big step towards meeting us.

[Dym71]

Quote: Cron

For the first time, Putin said that they would sell gas and oil to unfriendly countries only for rubles. Now they are offering a compromise. So where are the conditions getting tougher?

All of the above is the first stage of negotiations.

[Cron]

Quote: Dym71

All of the above is the first stage of negotiations.

What other negotiations? Here are our requirements. Gas for rubles. Mosbirzha at such and such an address, if you don’t like it, go through the forest. This is the position of the strong.
But these here, well, you don’t want that. Well then, let's translate into euros, and we will convert them ourselves. Well, they would have converted before that, why are you boiling then?

[Dym71]

Quote: Cron

But these here, well, you don’t want that.

A transitional option has been proposed for existing contracts, the termination of which means declaring one's insolvency.

[Cron]

Quote: Dym71

A transitional option has been proposed for existing contracts, the termination of which means declaring one's insolvency.

Our gold reserves for 300 billion have been frozen. What kind of failure are you talking about?
And since Putin is so concerned about his wealth. So I would immediately offer a wealthy option. But not this one - for rubles, or there will be no gas, and all that

[Dym71]

Quote: Cron

Our gold reserves for 300 billion have been frozen.

European gas concerns did not freeze anything for us.

[dimbasic]

there is a feeling that you do not quite imagine how the banking system works

[Dym71]

Quote from dimbasic

there is a feeling that you do not quite imagine how the banking system works

Pyramid with top in the form of FRS

[dimbasic]

I'm talking about international settlements in different currencies, and not the issue of money and the Bretton Woods system

[Cron]

What a shame

Russian President Vladimir Putin, a week after the announcement of an early review of the practice of selling gas to "unfriendly countries" on the issue of payment currency, softened his requirements. This was with reference to a telephone conversation between German Chancellor Olaf Scholz and the Russian leader on Wednesday, March 30, said the official representative of the German government, Steffen Hebestreit.

[Dym71]

Quote: Cron

What a shame

You carry yourself painfully tenderly, big business and politics in general are a dirty business.
Let's wait and see what a shame it is

[kirosi]

do we need their "steps forward"? Can you imagine that we entered into negotiations with Hitler at 41-45? Like, don't be afraid, we will denazify you a little and everything will remain the same. Complete and unconditional surrender.

[evgen1221]

Yeah, and the lag between stages for the darkest is ten years.

[ABC-schutze]

In general, it is clear from the article that Vaterland, according to the specific mechanism of payments for natural gas proposed by Russia, will actually "buy" Russian rubles. Which, at the same time, will ... IMMEDIATELY remain in Russia.

Moreover, the "exchange rate" will be determined by the Central Bank of the Russian Federation. And now, it is such that there will be more "coming" euros than before the announcement of the President of Russia on the transition to settlements in rubles ...

Those. Gazprombank, carries out its operation of selling the ruble to a collector, in the "currency changer" mode. That nowhere and no one is prohibited ... Incl. and by the "sanctioners" themselves ...

Those. you, as the recipient of the product or service, HAVE ALSO RECEIVED what you ordered. But to "pay" for a service or product, "come" not to the supplier and not to his "cash desk", and not to the seller, but to the "change shop". Which itself knows where to transfer the rubles you PURCHASED ...

Will you refuse? ... Then, - "Hyundai hoh!" .... And ALL subsequent deliveries, only after 100% prepayment ...

[ABC-schutze]

The main thing is that here, according to the scheme, REALLY, there are rubles. AND REALLY THERE IS NO "no account" that Western thieves could "freeze sanctions" ...

[Dym71]

Quote: ABC-schütze

The main thing is that here, according to the scheme, REALLY, there are rubles.

Quote: RBK

The proposed scheme requires the obligatory opening of accounts in Russian rubles in a Russian bank by a foreign buyer of Russian gas, ”a source in the government told RBC. According to him, “the payment from the buyer to Gazprom will have to be made exclusively in rubles.

Read more at RBC:
https://www.rbc.ru/business/31/03/2022/62456f169a7947c2e28ce3a3

[tihonmarine]

At the same time, without violating contractual obligations, Russia will be able to transfer energy trade to the ruble zone.

And the West, there is no other way out, how to pay in rubles or gold.

[Adrey]

Quote: tihonmarine

And the West, there is no other way out, how to pay in rubles or gold.

Apparently already

On a pre-agreed settlement day, the buyer will transfer payment for gas In Euro to an account in Gazprombank,

[rocket757]

If our "responsible" did not declare loudly that as soon as they would immediately TIGHTEN the faucet, they would simply carry out ... actions to transfer settlements to the ruble zone, without setting specific dates !!!
Then, back and forth, one could wait, harbor some illusions ... but declare so loudly and "correctly", and then crawl away quietly ... no, it's disgusting to see this.
However, we will see and .... we will see.

[ABC-schutze]

This is called (and in fact is) PURCHASE by the aforementioned "West" of RUSSIAN RUBLES, to PAY for natural gas supplied by Gazprom ...

[ABC-schutze]

Once again I remind the "outraged" members of the forum - THE RATE OF SELLING RUBLES to "unfriendly" recipients of Russian natural gas, when they PAY for the supply, DETERMINES the Central Bank of the Russian Federation ...

[ABC-schutze]

In short, the cost of "10001 cubic meters" for "Western" recipients is determined by the so-called. "market mechanisms". After all, they themselves WANTED THAT, didn't they? ... And let them "according to the market", define it in their pieces of paper with the tag "euro".

But here the RATE of the "euro" to the RUBLE is determined by the Central Bank of the Russian Federation (this is ITS SOVEREIGN RIGHT and OBLIGATION), and not at all the so-called. EU Central Bank...

[ABC-schutze]

I apologize for the typo. Read "for 1000 cubes" ...

[fif21]

Quote: ABC-schütze

But here is the RATE of the "euro" to the RUBLE, determined by the Central Bank of the Russian Federation (

Do you understand the payment plan? EU - Euro - Gazprombank - MICEX (Euro for rubles) - Gazprom. Where is the Central Bank of the Russian Federation? THE fact that Europe will pay for gas in rubles is not true!

[rocket757]

The conclusion from the article can be drawn like this .... the gay Europeans, the loud NINE, may be able to do it before, the current economic bloc, our government, does not know or does not dare to do something radical.
Those. the scarecrow was loud, but so far, it sounds like a FUCKS, not a BOOM.

[tihonmarine]

Quote: rocket757

The conclusion from the article can be drawn like this .... for gay Europeans, loud NINE, it can work out to do with it

And from the comments, or rather from the minuses, I realized that a very considerable number of even VO users feel sorry for the West, and against the West paying in rubles.

[rocket757]

And what kind of division in our society has occurred and continues to exist?
I’m in a foreign country, and EVERYTHING taken together, I don’t care!
I have only one thing and forever, I am offended FOR THE POWER!
Here is my homeland, all the sorrows of sadness, plans and hopes!!! This is where my descendants will live...
We must make sure that they no longer exist, it’s a shame for the state ... this is a minimum plan.
The most frustrating thing is to watch our control tile flop c c .... in general, you don't want to stay with the knowledge that when it comes to the bubble, they can only PUK ....

[fif21]

Quote: tihonmarine

pity the West, and against the fact that the West pays in rubles.

You are mistaken! If the West finds a replacement for Russian gas, we will not be spared. The West stole 300 yards of greenery from Russia, and we silently wipe our snot.

[tihonmarine]

Quote: fif21

If the West finds a replacement for Russian gas, we will not be spared.

As they say, "Walk through the bazaar, but there is no goods there." There are no replacements yet and are not expected.

[Junior Private]

Tomorrow for Europe the day “X” will come, the time “H” will come and the full “P” will come.
But seriously, the EU should have enough gas supplies for a month, during which time it is possible to settle all the formalities for paying in rubles.
And if it is even more serious, then a bunch of European enterprises will simply go bankrupt. And someone will buy them on the cheap. Or maybe this is part of the plan? But you have to turn the gas valve. Because of the principle. Today, Putin does not allow Germany to die. I hope the Germans appreciate it.

[Cron]

Quote: Junior Private

Tomorrow for Europe the day “X” will come, the time “H” will come and the full “P” will come.

There will be no "X" day tomorrow. Peskov has already said that this is a process extended over time. And there you look, after a while everyone will forget that our government demanded there

[aleks26]

Quote: Junior Private

I hope the Germans appreciate it

Not appreciated, not the mentality.

[Junior Private]

Appreciate - do not appreciate - the second thing. Now there is the question of the existence of German industry. The US will only be happy to strangle the EU. And Russia can help, but on its own terms.

[Comrade I]

Well, let them suffer for a while. The industry will not kill them immediately. But they will get smarter. And they will be more loyal to us, and less to the United States.
They have already imposed sanctions against us, and so far we will not see German products anyway. Or just big money.
And their weapons are delivered to Ukraine and kill our guys there.
So what do we care about their condition?

[Adrey]

Quote: Junior Private

And Russia can help, but on its own terms.

Our conditions did not suit them much. It looks like we will review them and not in our favor.

[tihonmarine]

Quote: Junior Private

Now there is the question of the existence of German industry. The US will only be happy to strangle the EU.

The United States did everything to unleash a war in Europe, or rather against Europe, for this they found a project of 1918 - "Project Ukraine", pulling it out of the closet, washed it, armed it and threw it into the trenches. And Europe still, for the most part, does not want to understand this, because in the leaderships of countries there are lured henchmen of the United States, for whom the fate of their countries is in last place.

[Simple]

Yesterday the familiar local Germans almost jumped up and down from the victory.
This option is just the tip of the iceberg of what will come to us later - no need to cut off all economic ties - only the United States benefits from this ..
Most likely "both ours and yours".

[-Paul-]

I didn’t understand the meaning, but what will Gazprom do with these euros?

[JonnyT]

As usual - withdraw to offshore! Well, they fulfill contractual obligations - tribute must be paid regularly

[Nastia makarova]

Gazprom will receive already in rubles

[stankow]

Gazprom get rubles. The euro will settle in the central bank. Need euro - buy from the central bank. At a favorable rate, as "one's own".

[ABC-schutze]

In addition, your "outraged" counterparts forget that Gazprom, IS SUCH A SIGNIFICANT entity for the CREATION and DEVELOPMENT of infrastructure in the DOMESTIC Russian market (where "RUBLE" "go" EXACTLY ,,,), as well as an exporter of energy resources to the external market.

Those. they look at the situation like blinkered subjects "with one eye" ...

But these are THEIR problems, and not Gazprom and not Russia at all ...

[Poetry]

"Something is not kosher here." - as they say in Israel.

[Nexcom]

"Here I feel, in some way ... they are deceiving, but I can not understand what!" (from)

[tralflot1832]

Vladimir Vladimirovich, I tearfully ask. Issue a separate decree, for these oil - for rubles. Personally for the sleeping Joe. I'm tired of their duplicity, it's a pity the Bulgarians have faded from the site. It would be interesting for them.

[stankow]

Why did they fall off!? Read, cheer for Russia! :) What did they attribute to the amers? They bothered us even more than the Russians!

[evgen1221]

And how does this cunning plan differ from previous practice then???? Increased concern for the happiness of Europeans?

[Nastia makarova]

differs in many ways, Gazprom receives rubles from the bank to which the euro came, it turns out that Germany buys for rubles, only it takes rubles not on the exchange, but the conversion takes place in Gazprombank

[dimbasic]

those. Jews do not settle in Gazprom itself, but in its daughter. and what does the GPB do with the Jews?

[Nastia makarova]

it may not necessarily be a subsidiary, but any bank laying is not under sanctions, GPB sells 80% of the euro already on the exchange according to the law that was adopted, it’s just that in the new schemes everything is the same only without selling on the exchange. she is under sanctions and real money remains in Russia and not the numbers on accounts in Europe

[dimbasic]

Can you imagine what will happen to the euro if 80% of the 12 billion is dumped on the stock exchange within a week? who will buy it? The Central Bank cannot because its correspondent accounts are blocked. as soon as the EU financial intelligence sees the left operations with the euro on correspondent accounts. She will immediately block them. our banks in relation to their customers can also act according to 115-fz

[Nastia makarova]

the ruble exchange rate will fall, that's for sure))) but why is there no one to buy the euro? no one buys anything over the hill? and not immediately 12 will be thrown out

[dimbasic]

you yourself then read what is written, once a month they will be calculated. proceeds must be sold within 1 days. the exchange rate will sharply strengthen, which means that Gazprom will suffer losses in rubles

[Nastia makarova]

gazprom will not get poor))) and 1 lard on the stock exchange is nothing, importers will instantly snap up

[dimbasic]

if you work in the civil service, then I feel sorry for the country.

[Nastia makarova]

don't worry, everything will be fine

[dimbasic]

you, bureaucrat? I have no doubt. sorry the others are not included in your circle

[evgen1221]

And such mamkin economists teach us how to manage our finances ... You young lady in your two comments changed your shoes to 180 in a couple of minutes. I am ashamed if people like you (pros) are in the civil service. Once again, who will buy up such a volume of currency if payments in foreign currency from the Russian Federation and its companies are not accepted by the financial systems of the EU and states, and, accordingly, other countries because of the threat of freezing and sanctions already on their banks that accepted our payment in foreign currency?

[ABC-schutze]

Your "school arithmetic", accountant citizens from the "economy", does not roll here ...

Gazprom will not suffer losses, neither in rubles nor in euros. For, they will sell according to the so-called. "market prices", and they WILL GROW irreversibly and for a long time. This time...

In the "changer" of Gazprom, with the strengthening of the ruble, the Western "partners" will bring MORE euros, which will remain EXACTLY THERE, and cannot be "frozen". EURO, which Russia itself, in the guise of its Central Bank, will convert into rubles at its own rate (for the turnover of their PART on the DOMESTIC market). And the other PART of which, IN THE INTERESTS OF THE SAME Gazprom, will be directed to the NECESSARY Gazprom (or other business entity_) purchases of equipment abroad. Is there something that some of the "economists" from the MNS office of the "Gaidar-Chubais" do not understand? ..

For the Gazprom you mentioned is not only an "exporter", but also ONE of the BIGGEST "players" in creating a VITAL infrastructure INSIDE Russia and FOR Russia. And for HERE for THIS DIRECTION both HIM and Russia need EXACTLY RUBLES ...

[ABC-schutze]

Again, ...

It differs in THAT ALL MONEY received for the sale of supplied natural gas COMES to Russia, and ALL OPERATIONS with them ARE PERFORMED by Russia ITSELF in ITS INTERESTS ...

[Military77]

In this case, Russia does not benefit from a strong ruble and its low exchange rate against other currencies. Again they will artificially inflate it, and again we are taking EU inflation to ourselves. It is necessary to revise contracts and set the cost of gas in RUBLES. Then it makes sense, everything else is the same eggs, only in profile.

[dimbasic]

and why is it unprofitable? we can't spend currency now.

[ABC-schutze]

And who is against? ..

After all, Gazprom, moreover, at the insistence of the "Europeans" themselves, no longer implements long-term contracts. And new contracts according to "market principles" - PLEASE pay "in rubles" ... Or, in yuan ...

[Daniil Konovalenko]

I remember the payments for port dues from c.u. transferred to rubles .. revenues decreased .. Of course, port dues are not gas ....

[rocket757]

In practice, payment will be made as follows. On a pre-agreed settlement date, the buyer will transfer the payment for gas in euros to an account with Gazprombank, which will then convert the payment into rubles.

. One thing is known for sure and concrete data has already been given a hundred times, that any payment in foreign currency creates a situation that .... and what is the situation, everyone is now watching!!!
Their money stays with THEM and nothing can be bought for them!!!
In general, it turns out the way ... they didn’t predict, so some of our analysts / experts whispered to themselves .... and foreign ones, they quite loudly declared to themselves, and now they will gloat!
In general, for now .... for now, we will observe and be surprised / collapse / or even sob.
Something like this.

[nickname7]

Their money stays with THEM and nothing can be bought for them

The West actually took Russia out of the dollar and euro zones, forbidding buying goods for foreign currency, and they formally pay euros for gas, they also claim that payments in rubles are a type of violation of the contract, this is truly a Jesuit trick of the Western shuller.
If all the same, in rubles, with the help of cunning conversions, they will be able to buy Western goods, then this is another matter, but if it doesn’t work out, then from switching to rubles as a dead poultice. In this case, Western cheaters outplayed the guarantor. Then we need to switch to option B - barter to exchange the goods we need for goods, exchange engines and processors for gas. They don't want to turn off the gas.

[rocket757]

Quote: nickname7

they also claim that payments in rubles are a type of breach of contract, this is truly a Jesuit trick of a Western cheater.

Actually, you can always find justice against a shiller ... a candlestick or something else.
We have something really powerful, "lethal" at hand ... our toys have something else and ... in general, it is very sad to know and realize this.
In such cases, I change players if I want to win, and not play a giveaway.

[dimbasic]

they do not formally, but actually pay the euro, there is no need to cast a shadow over the fence. when a payment in euro arrives at the GPB account, it does not cross the border, i.e. Euros remain in the EU. as soon as the EU resolves the issue of gas supplies, it will immediately freeze all accounts of all banks, incl. GPB. the only question is when will it be

[Vladimir Vladimirovich Vorontsov]

Vladimir Putin offered Germany an optimal scheme for paying for gas in rubles

***
“- In the morning, rubles in the evening, gas.
- Is it possible on the contrary?
“Yes, but money up front.”
***

[dimbasic]

- Is it possible in euros?
- You can't, but there is one tricky scheme ...

[Nikolay Malyugin]

We can only hope that the ruble exchange rate will improve. In the meantime, it is very cheap inside the country. A ruble costs less than a box of matches, less than a box of buttons. There is still hope.

[Comrade I]

That is, on the fact of payment in rubles, which they so loudly threatened to introduce, will not be
Blown away quickly...

[Nastia makarova]

Gazprom receives rubles from the bank to which the euro came, it turns out that Germany buys for rubles, only it takes rubles not on the stock exchange, but the conversion takes place in Gazprombank

[APASUS]

Nevertheless, our authorities caved in. This is trading for the Euro, and not for rubles. This should be the concern of the Germans where they take the rubles.

[Nastia makarova]

no, the accounts are in Gazprombank which cannot be blocked

[dimbasic]

Why can't they be blocked? Do you have any idea how banks work in the international market?

[Nastia makarova]

it is impossible because this is already an internal account, and the money in paper is in the bank

[dimbasic]

live money (in euros) is stored in Europe, on the account of the correspondent bank on the loro account, as a liability, and at the same time is reflected in our bank on the nostro account, as an asset. physically they do not cross the EU border outside. and that's how the banking system works all over the world. that is why the EU does not want to pay in rubles, because then they will have to keep the money with us, and we can freeze it.

[Nastia makarova]

and they can freeze ours, which is why now Russia wants it to be like this, they will have to keep money in Russia, but not necessarily in rubles, now they have been offered mitigation, now they can store euros in Russia

[dimbasic]

can not. I can’t say it again, because the Russian Federation does not issue euros. they are always kept in the EU and only cash can be taken abroad. just as non-cash rubles cannot be taken abroad under any circumstances, they will always be stored on the territory of the Russian Federation

[Nastia makarova]

why then this scheme about rubles is invented? the main goal is not the ability to block accounts

[dimbasic]

eternal Frost

[APASUS]

Quote: Nastia Makarova

no, the accounts are in Gazprombank which cannot be blocked

The bank has only a correspondent account, and all funds are in the EU

[impostor]

All this makes sense only if unfriendly countries are forced to sell their goods to Russia for rubles.

[Simple]

In my opinion, this is possible only with a larger offer - for example, China can offer the same goods = on more favorable terms for Russia. And the West needs more technological products than China. Therefore, the West will not sell something for rubles.

[Adrey]

Quote: impostor

All this makes sense only if unfriendly countries are forced to sell their goods to Russia for rubles.

Had...

[ved_med12]

absolutely agree! 100500!!!
Only one MAAAAA problem! Imports are about 10 times less than exports, with these countries! we sell them much more than we buy from them!

[Bully]

It is over the solution of this LITTLE problem that you need to think because the direction is right. Otherwise, for a completely material product - gas, we will receive as payment a virtual "world currency", which we practically cannot use. At the same time, if Western thieves appropriate our gold reserves, we will, in fact, buy gas from ourselves, koshchei from the west will use it

[stankow]

Euro is the equivalent of *any* commodity. And they will sell it for rubles.

[yashka12007]

Some kind of turbidity, in short, the Guarantor turned on the back.

[Comrade I]

Well, not the first time...
Let's hope that there were reciprocal concessions from that side.

[Nastia makarova]

you just don't understand

[Adrey]

Quote: -Paul-

I didn’t understand the meaning, but what will Gazprom do with these euros?

-"Buy now gas for rubles!"-
"How can you not?!"
- "Then! Then! .. we will buy your euros, which we do not need, for ourselves for our rubles! Here !!!" -

[Nastia makarova]

it turns out that Germany buys for rubles, only it takes rubles not on the stock exchange, but the conversion takes place in Gazprombank

[rMN]

Nothing has changed in simple terms. Gazprombank will have to decide whether to convert the currency into rubles or not. so this is some kind of strange multi-had

[Ural resident]

Quote: Rmn

Nothing has changed in simple terms. Gazprombank will have to decide whether to convert the currency into rubles or not. so this is some kind of strange multi-had

It is not difficult to guess what Gazprombank will decide.

[svoit]

In general, I don’t see the difference in what to pay if the entire currency is immediately sold on the exchange, for example, within 24 hours. It’s just that now it’s allowed not to sell part of the currency, but you can prohibit it

[ved_med12]

The state thus reserves the right to regulate this process

[nikolas 83]

It turns out that we gave back, because in fact they will pay for the euro. And Germany also supplies weapons to the Nazis, and we give them gas. If only Stalin supplied Caucasian oil to the Germans. Unthinkable.

[Nastia makarova]

no, Germany will buy it for rubles !!!! read carefully, only the rubles will not be from the Russian stock exchange, which the West categorically rejects, but from Gazprombank

[rotmistr60]

To be honest, I did not understand anything from the article .....

Scholz did not understand either, so he asked to put it in writing. I understood one thing, that once again we went to meet the Germans in order to save face against the backdrop of sanctions. I think that today it’s not worth helping the Germans, the French (I don’t even stutter about the Poles and the Balts), because. they have gone too far in their malice towards Russia. Let them look for payment options themselves, or put an end to their economy. Some liberals, not understanding anything in this matter, have already sung that Russia will lose more if it turns off the valve, and the Germans will calmly replace Russian gas.

[gridasov]

I did not understand the problem raised with payment in rubles. This conversion scheme was initially optimal and understandable. Therefore, apparently everyone is shocked by the logic of Russian proposals and the limited nature of the so-called partners.

[ved_med12]

At least one, adequate comments !!!

[Simple]

It's not that the problem with paying in rubles was a purely technical problem.
For the West, the issue of paying in euros is a matter of principle based on politics.

[gridasov]

The wisdom of the Russian political elite is that any confrontation is used to its advantage. As they say, a fool should not be called such. The stupidity of the opponent must be used. Which is very often observed. And to be completely frank, it is worth recognizing the literacy of expert analytical services and the consistency of work with political leaders.

[Tagan]

Quote: Nexcom

Now, if it were like this: the Germans open a bank account in euros, this bank sells rubles to the Germans for euros (or converts euros into rubles), the Germans pay in rubles. Then it would be okay.

And then what to do with the received euros?))
And so the Germans' balance in euros decreased, ours increased in rubles

[Nastia makarova]

euro will remain in Gazprombank

[dimbasic]

the euro will remain not in GPB, but in Europe, on the accounts of correspondent banks of GPB

[Nastia makarova]

no))) the euro will be in the GPB in Russia because the GPB will be obliged to sell this euro on the stock exchange with us

[dimbasic]

euros can be stored on the territory of the Russian Federation only in cash, in non-cash form they are ALWAYS located on the territory of the state that issued them (put them into circulation)

[Nastia makarova]

at the initial stage it will. will be in cash, then when the volume of trade increases again, they will again switch to digital

[dimbasic]

what are you saying? where is it written that Europe will import cash for gas?

[Tagan]

Quote: Comrade Y

That is, on the fact of payment in rubles, which they so loudly threatened to introduce, will not be
Blown away quickly...

No, it was you who quickly "got your bearings", not knowing the banking kitchen.

[AndreyVRN]

So what happens: while declaring our alleged financial sovereignty, we are still trading for the euro? And the fact that they themselves translate to us and convert ?? Rare insanity! Then what is the point of transferring purchases to rubles?

[jetfors_84]

It will be possible to speak when the faces are announced. And commenting on the replicas of journalists is a thankless task.

[Tagan]

Quote: Cron

First we say one thing, put forward demands and ultimatums, then immediately give the back. Great plan. Reliable as a Swiss watch.
And who after that should treat us seriously and with respect?

The most interesting thing is not this. It's interesting just how you instantly feel like an expert in any issue and immediately make a diagnosis without understanding shit))
Do you want to say that you have ever seen bank transactions, the order of their formation in various operations, do you understand the principle of balance formation, or are you familiar with the concept of "correspondent account"?

[Paranoid50]

Quote: Tagan

you instantly feel like an expert in any issue and immediately make a diagnosis without understanding shit))

Andrei, this is a clinical case in general - everything is very, very muffled. Yes, and others in snot and in the web are already "giving back" with might and main. It's good that it's not "in the back" yet - the experts of the "magnetic-five" spill. And, after all, arithmetic is not so difficult at all. But, I repeat, at the moment, explaining something to the local inhabitants is not self-respecting. A host of "bazaar traders" denies even obvious facts, because reactive psychosis does not have an adequate perception of reality.

[Yura Sluzhenikin]

In this case, the amount of payment will depend on the official exchange rate of the ruble against the euro, established by the Central Bank of the Russian Federation.

[tolancop]

"... For example, if according to the contract settlements are to be made in euros, then the importing country will be able to pay for gas in this currency. The amount of payment will depend on the official ruble to euro exchange rate set by the Central Bank of the Russian Federation.
In practice, payment will be made as follows. On a pre-agreed settlement day, the buyer will transfer the payment for gas in euros to an account with Gazprombank, which will then convert the payment into rubles...."
I read it. And not just once. And where is the trade for rubles, I did not understand. Payment is transferred in EURO and Gazprombank simply converts it into rubles. The price for the goods, as far as I understand, also remains in EURO. The only difference, as far as I understand, is in the account where the payment is received. There was an account in a foreign bank, it will become in ours.

[Yura Sluzhenikin]

"Hello. Mr. Schmolch, pay for gas today. But that's not the problem. Today the ruble costs 20 euros."

[Nastia makarova]

not understood? Germany will buy for rubles))) only not directly with Gazprom, but through a bank gasket that will convert

[Nexcom]

it seems that there is just not a word about the gasket. there, it seemed, it was said directly to Gazprombank, and Gazprombank itself will turn everything around. Or did I misunderstand?

[Nastia makarova]

gazprombank is a gasket))) which instead of the exchange will convert euros into rubles
everything is as they wanted, gas for rubles, but at the same time, the letter of the law and contracts is observed

[Nexcom]

You know, madam, it looks like this is what parsley turns out to be:
If Gazprombank CAM will convert the euros sent by the Germans to the account of THIS Gazprombank, then for the Germans it will be a payment for gas in euros, and for Russia - in rubles. Well, after all, the gas supplier will receive rubles, right? And the Germans-sent the euro. They did not buy rubles. They sent the bank euros and that was it. That's the kind of chemistry that emerges. Only.

[Nastia makarova]

yes, that's right, they would transfer euros in any case, for any payments and it doesn’t matter, they would buy rubles on the stock exchange or convert them in a bank laying

[Nexcom]

Well then it's.... Hmm... Well actually. Nothing, it turns out, has not changed for the Germans except, roughly speaking, the account and the bank where they send payments. And how much noise was, e-May ..........
Eeeh. I then rolled my lip that the nemchura herself would run around looking for where to buy rubles .....

In general, it turns out for the Germans that these are "the same pants, only with a zipper in the fly instead of buttons," as my late grandmother used to say ....

[Nastia makarova]

for the Germans, nothing would have changed in any case, only the gas bills would be in Russia, which could not be arrested, and the euro would pour into the stock exchange, which would strengthen the ruble

[Nexcom]

This is immediately clear. Thank you for giving me attention. I doper to this kitchen now completely.

Threat And there will be screams in the press ... "The West switched to rubles when buying energy! Wow! Victory !!!".

PS 2 Now, if they themselves ran in search of where to buy rubles, IMHO it would be more effective pressure on them in response. And so...

[Nastia makarova]

well, this is a victory in that now live euros will go to Russia and not settle on Gazprom's Western accounts where they can be frozen
They screamed mainly in the west because they lost a huge feeder)))

[Nexcom]

This is yes. Despite the fact that Russia was "restricted" in the currency, now this currency will not be taken away, not frozen, only what to do with it - the West no longer trades with us in many industrial positions .... Where to spend it now? Especially if there will also be trade with partner countries in nat. currencies? Or is there a similar scheme supposed with "gaskets" ???

[Nastia makarova]

there are a lot of options, you can use gaskets, and not all countries of the world have imposed sanctions))) only Europe, the same China for euros, will quietly sell goods in cash, and the West will still supply everything through third countries. of course it will be more expensive than direct, but if there is a vital need, then you can buy it) now the United States has lifted sanctions on the purchase of fertilizers in Russia

[Nexcom]

the same china will quietly sell goods for euros in cash, and the west will still supply everything through third countries. of course it will be more expensive than directly, but if there is a vital need, then you can buy)

But this is the main thing - if in a simple way: the range of goods will appear, somewhat curtailed, and also EXPENSIVE. And this means a blow to the well-being of the people, another restriction of their financial freedom. For ZP cardinally that does not change. At the same time, in order to buy something serious, you simply cannot take a loan from a bank at such a high Central Bank rate.
Well, we got the output once again lowering the level and quality of life of ordinary people. It's clear.

Threat The problems of what the US wants to buy somehow do not bother me. From the word at all. It is high time for these USA to be crushed like a vermin for their deeds.

[Nastia makarova]

I agree, as a result, it always and in all countries hits the common people (((it was nice to talk

[Nexcom]

Mutually, sir.

[Edik]

Quote: Nexcom

In general, it turns out

The fall of the euro and the strengthening of the ruble!

[dimbasic]

GPB simply assumes the currency risks of the ruble strengthening, as well as the risks of freezing these funds in Europe

[Rubi0]

To understand something, you must first understand what Interbank trading is, and the role of the central bank and gold and foreign exchange reserves on it. If you do not understand this, then yes, it looks like everything is gone.

[Paranoid50]

Quote: Rubi0

If you do not understand this, then yes, it looks like everything is gone.

[dimbasic]

I would call this situation "horseradish radish is not sweeter"

[Maalkavianin]

In theory, for the currency received from the sale of oil and gas, the state should buy on foreign markets what it needs for itself, and from the article I realized that we will only have more rubles when converting, which circulate only within the country and no one needs it outside . It's kind of nonsense.

[Vertigo]

A beautiful move and the terms of the contract are in force. For Germany, only such a way out looms and sledding and skating :) Others will follow up!

[lomograph]

It would be a big mistake to consider this issue through the glass exclusively of politics or exclusively of economics. There is a big geopolitical game going on, where the gas issue is just one of the arguments.
History knows many cases when a tactical concession turned into a strategic advantage, and vice versa.
Now there is a big world game against the United States and the consolidated European Union, so in a year and a half we will look at the results.
Yes, and with Germany, everything is still far from clear, and Ukraine has not yet been irreversibly transcluded.
The time has not yet come for conclusions.

[Tagan]

Quote: Gardamir

That's it, they will pay in euros, not rubles.

I wonder where the rubles will come from if they don’t pay euros?)) The ultimate goal is to reduce their balance in euros, increase ours in rubles.

[Nastia makarova]

will pay in rubles))) only not directly, but through a bank gasket

[Div Divich]

Once again politicians have deceived the population.

They said gas for rubles, but it turned out that nothing had changed.

Although no, there are changes, now Germany, in gratitude, is increasing the supply of weapons and ammunition to Ukraine to kill our population. For the supply of weapons, it was necessary to immediately close the gas valve, and our officials are afraid to terminate the contract, traitors ...

[Nastia makarova]

Germany will buy from Gazprom for rubles!!!! read carefully

[t-4]

What's the difference? Between what was and what has become?

[Nastia makarova]

Germany will buy from Gazprom for rubles!!!! read carefully

[Dva parovoza]

You are so smart... Read carefully for yourself. Payment will be in the currency specified in the contract. Everything. Dot.

[Nastia makarova]

No, Gazprom will receive in rubles as planned. read carefully

[stankow]

How much more will be needed! Look at today's ruble quotes. Almost as before 24.02.2022/XNUMX/XNUMX. Where are the sanctions? Where is the crash?

[t-4]

Quote from the text:
if, under the contract, settlements must be made in euros, the importing country will be able to pay for gas in this currency
?

[Nastia makarova]

before: Germany buys euros from Gazprom, whose accounts are over the hill
wanted: Germany buys rubles for euros on the stock exchange and gives them to Gazprom
suggested: Germany buys rubles for euros in the bank of the gasket, and the bank of the gasket gives the rubles to Gazprom
everything is as they wanted, gas for rubles, but at the same time, the letter of the law and contracts is observed

[t-4]

Germany pays euro?

[Nastia makarova]

Germany gives the euro to Gazprombank, and the latter gives rubles to Gazprom, the euro remains in Russia

[t-4]

Germany pays euro.
On this principle, you can put an end.
And then what Russia will do with these euros, the Germans are a little less interested than the yield of Uncle Kobe's coconut palm from distant hot Africa. At least let him translate into Tugriks.

[Nastia makarova]

for Germany, in any scenarios and schemes, nothing would have changed)))
even if they wanted to buy directly for rubles, they would still buy rubles for euros in Russia

[t-4]

rubles would still be bought for euros in Russia

That's right.

[Nastia makarova]

but now these euros will not be zeros on accounts in Europe, but cash on accounts in Russia

[Olddetractor]

the amount of the payment will depend on the official exchange rate of the ruble against the euro, set by the Central Bank of the Russian Federation

That's the main thing - the euro exchange rate against the ruble will be set by the central bank.
For example, 1 euro = 0,63 rubles.

[smcrim]

I don’t really understand economics and other banking fuss, but please explain why the exchange rate is not 0.63 now? what prevented it from being installed earlier and why would it suddenly become possible now?

[Olddetractor]

Previously, there was no demand for rubles, gas was sold for euros and dollars. And now gas is sold for rubles at the rate of the Central Bank of the Russian Federation. Don't ask me why, read the forum, it looks like all the answers are there))

[smcrim]

So now the payment in euros will be and the GPB will convert them at the rate, but now it is 90+ rubles, some kind of tin, the same kind of eggs in profile! I may say stupidity because I am not an economist, but it seemed to me that if they were forced to pay in rubles, then the ruble would rise, and they could receive the ruble in exchange for goods and services. we need

[Dva parovoza]

This is simply the withdrawal of a certain bank from sanctions for mutual settlements in a safe zone from freezing accounts. But what kind of game is the author talking about the ruble zone? These are stories for preschoolers. Acceptance of payment in foreign currency will bring down the strengthened ruble below the plinth, because then who needs this ruble, except for "friendly" countries that agree to trade in national currencies ... The last paragraph of this article is complete nonsense and nonsense. "Quietly with myself with my left hand" I will convert to my health as much as I like and rejoice - what am I the smartest convertor of envelopes in the world ...

[Nastia makarova]

rate will fall

[Mikhail Alekseev_2]

Stop panic))) The most important thing here is to understand at what rate the euro from payments in Germany will settle in Gazprombank. That is, before they were offered to buy rubles, for example, on the Moscow Exchange, now they are offered to buy rubles at Gazprombank - in any case, euros must go to Russian accounts or exchanges or banks in order to convert them into rubles. So I don’t see any drains - what’s the difference on the stock exchange if they buy rubles or through Gazprombank?))) The most important thing is what the exchange rate will be in this bank))) And the second most important thing is that everything will be through accounts in Russia and this is also very important - no intermediaries in Europe in the form of their banks and exchanges where they can freeze Russia's money at any time. And what we will do with the euro after the conversion is another question

[dimbasic]

Euros credited to the GPB account will continue to be held in the EU. they can physically cross the border only in the form of cash

[Mikhail Alekseev_2]

interesting, how did you imagine paying for gas in rubles in such volumes in which Russia delivers to Europe? cash?)))

[dimbasic]

I didn't imagine. the euros that the EU will transfer will be stored in the EU until they become the property of other countries, only in this case the EU can block them

[Mikhail Alekseev_2]

so are you talking about cash or non-cash?)))

[dimbasic]

about cashless of course. who will pay in cash

[Mikhail Alekseev_2]

well, then your first question is all the more incomprehensible ... "the euros received on the account of the GPB will continue to be stored in the EU. They can physically cross the border only in the form of cash." Money by bank transfer is generally not clear where it is stored))) They can be withdrawn anywhere in the world

[dimbasic]

"And the second most important thing is that everything will be through accounts in Russia, and this is also very important - no intermediaries in Europe in the form of their banks and exchanges where they can freeze Russia's money at any moment."
----------
it may not be clear to you, but to a person familiar with the functioning of the international banking system it is clear. euros are always stored in the EU and therefore they can always be frozen or confiscated. therefore, when an amount in euros enters the GPB account, it does not physically leave the EU. only the entry on accounts in the EU area changes.

[Mikhail Alekseev_2]

the euro goes to Gazprombank and then it is sold for rubles on the stock exchange, and only then gas is paid for with these rubles. At what point can Europe freeze its euros, tell me?)))

[dimbasic]

when the euro enters the exchange, it does not physically go anywhere, at that time it is on the accounts of correspondent banks in the EU. after the sale on the exchange, it is debited from the account of the EU correspondent bank in which the Rosbank account is opened, in which the account in euros of the seller is opened, and credited to the account of the EU correspondent bank in which the Rosbank account is opened. in which the euro account of the euro buyer is opened. the euros themselves do not leave the EU zone, and can only exit in cash.

[Mikhail Alekseev_2]

there will no longer be any accounts of Russian banks in Europe to pay for gas - everything will be through accounts in Russian banks. Europeans open 2 accounts in Russian banks - in foreign currency and rubles, transfer their euros to their foreign currency account in a Russian bank, then these euros go to the Russian stock exchange, then they go to the buyer's ruble account in a Russian bank, then from this ruble account it is sent to the account gas supplier in a Russian bank. Where can they freeze their euros?)))

[dimbasic]

you (Rossbank) cannot open a euro account for anyone without first opening a correspondent account with a bank in the EU

[Mikhail Alekseev_2]

Well, of course, according to the correspondent account, this is understandable about non-cash. It’s just that before all the accounts were in European banks, both the sender and the recipient, Gazprom received payment not in Russia, but in Europe, and then these grandmothers went to Russia - these accounts in Europe received money for gas and then went to Russia. That is, from one European bank to another European bank and then to Russia. Plus, they also used European letters of credit, which are now in the trash. Now everything will go to Russia at once - and Europe will not be able to freeze money, since the euros first go to a foreign currency account in a Russian bank, then these euros go to the Moscow Stock Exchange and are converted into rubles, then these rubles go to an account in a Russian bank, and then gas is being paid. That is, before the gas is supplied, they can, of course, freeze something hypothetically - but then there will be no supplies. Putin seems to have clearly said yesterday that no one else will supply for free)))

[dimbasic]

write nonsense. Rossbank cannot open an account in euro without opening a correspondent account. and live real euros do not go to the account opened in the GPB, but to the account of the EU correspondent bank and are stored there until the GPB transfers them somewhere, but again within the EU, although the recipient can be physically located anywhere in the world. just as GPB cannot make payments in rubles without opening a correspondent account with the Central Bank or another Russian bank.

[Mikhail Alekseev_2]

You are writing nonsense - no one forbids Rosbank to open a correspondent account in euros. I repeat once again - no one will supply gas to Europe as long as the money is in Europe. The money must go to accounts in Russia, period.
With the same success, Russia can send instead of gas a piece of paper to Europe that they say the gas has already been delivered, but keep the gas)))

[dimbasic]

I don't see the point of further dialogue. stay in your heavenly mental world

[Mikhail Alekseev_2]

I also already understood that you are a supporter of McFaul, like we take gas from Russia, but we don’t pay them))) Stay in your Svidomo little world too - you won more, which, as always, will turn into evil)))

[dimbasic]

with you, in general, everything is clear, without understanding the subject, just embarrass yourself by repeating the nonsense of a journalist. typical jingoistic patriot.

[Mikhail Alekseev_2]

don’t be hysterical, a typical Svidomo patriot))) Your Europe won’t be able to feint anymore if you want gas, put up with it)))

[dimbasic]

put on a saucepan and jump like your Ukrainian counterparts. you can see with them from the same test of lies and wandering in the clouds

[Mikhail Alekseev_2]

don’t be hysterical - saucepans are your hats, fliers))) you don’t even understand how you fire, Svidomo))) your arrows, but at the same time your mri that Russia won’t be able to sell for rubles - they immediately give you out)

[dimbasic]

couch fools always reduce any dispute to the intrigues of enemies. what to do is their fate to crawl and not think with their heads. adieu, half-educated propagandist

[Mikhail Alekseev_2]

right)) stop hysteria for you, just merge and mriy that no one will buy Russian gas)

[Andrey Andreev_2]

The stupidity with Gazprombank is utter nonsense ... It's a shame for another blunder of our state ... Where is the equipment for gas production on the shelf in this scheme? Ultimately, we should have demanded conditions that are beneficial to us, and not look for ways for them to circumvent Putin's demands!! Belousov, ay, it's time to drive the liberals from the government, Gazprom, Rosneft, etc. with pissing rags ...

[aleks700]

Circumvention of Putin's requirements proposed by Putin himself

[UNINitiATED]

It was just that I thought that in the future, having “calmed down”, some unfriendly Western company SUDDENLY noticed that it might be cheaper for it not to pay Gazprombank in Euros with “its” ruble exchange rate, but somewhere to “get” rubles with a more profitable exchange rate (on another exchange or by selling something for rubles or "accumulating" rubles on your accounts) and benefit from the difference in rates? Given the volume of gas purchases, even a small margin can turn into a very tasty morsel. Maybe this makes sense? Based on the later "switching on" of the brains on the one hand and the revival of the movement of the ruble in the future in the general cash flow? And given the margin, businessmen will not think for a long time.

[RED_ICE]

At first I didn't understand, then I didn't understand either.

[dimbasic]

what the hell? Where is the correspondent account in euros at GPB? on the moon?

[aleks700]

And where is the ruble zone here?

[riwas]

Russia offered Germany an optimal scheme for paying for gas in rubles

I listened to an interview with a Gazprom representative at RBC. He says that on April 1, only preparations will begin, which will end on July 1. It looks like sabotage.

[dimbasic]

and there either the donkey will die or padishah

[ddmm09]

Quote: Alien From

To be honest, I did not understand anything from the article .....

The article clearly describes the scheme: converting foreign currency into rubles. We also earn on the exchange of in. currency into rubles, and on the sale of goods.
Parts of income
foreign banks stripped. I at least hope so.

[Hindu]

Quote: Alien From

To be honest, I did not understand anything from the article .....

What didn't you understand? They gracefully explain to you that it was not the Russian Federation that was sent by the forest at all, but that was how it was intended. The main goals have been achieved, well, etc .....

[O. Bender]

It would be great if gas could be sold for rubles, but only purchased from the Central Bank of the Russian Federation, and at the rate set by the Central Bank of the Russian Federation. Approximately, the ruble ... the euro is 1:100.

[smcrim]

Gas per euro, converted!!!! Concessions again!? Enough already ! Let's take the gold for storage to the states and lie down to die, but everything will be fine with them!!! Biggest disappointment in 20 years! Is this some kind of joke!? Maybe I don’t understand a lot of things in economics, but if we continue to trade with hostile countries as it suits them to the detriment of our interests, then at the next elections I will definitely know where not to tick!!! I’m shocked that I’m writing this, my trust in the president was limitless, but after the words about trading gas for rubles and not only getting paid in euros again this... there are no words

[Hindu]

Quote: Mikhail Alekseev_2

Stop panic))) The most important thing here is to understand at what rate the euro from payments in Germany will settle in Gazprombank. That is, before they were offered to buy rubles, for example, on the Moscow Exchange, now they are offered to buy rubles at Gazprombank - in any case, euros must go to Russian accounts or exchanges or banks in order to convert them into rubles. So I don’t see any drains - what’s the difference on the stock exchange if they buy rubles or through Gazprombank?))) The most important thing is what the exchange rate will be in this bank))) And the second most important thing is that everything will be through accounts in Russia and this is also very important - no intermediaries in Europe in the form of their banks and exchanges where they can freeze Russia's money at any time. And what we will do with the euro after the conversion is another question

Well, yes, well, yes, another brilliant multi-step that no one can see and understand... And image losses... the Russian authorities never have any shame...

[Mikhail Alekseev_2]

How do you imagine selling gas for rubles? Where will Europe get these rubles? She can only take them in Russia in two ways. The first is to buy rubles in a Russian bank or on a stock exchange. The second is to sell your goods for rubles. Therefore, I don’t see any problems if Germany buys rubles from Gazprombank and says at home that it paid in euros. In the end, she still bought for rubles since she transferred euros at the rate under the contract. But what the exchange rate will be at Gazprombank is the most interesting thing. If the exchange rate of the euro and the dollar starts to rise, then I can say that they have lost it. And if the exchange rate of the euro and the dollar falls or does not grow, then it means ours are doing everything right

[kirosi]

Actually, there is no need to “invent” anything, the order has existed for a long time
https://legalacts.ru/doc/instruktsija-banka-rossii-ot-23031999-n-79-i/
2. Types of accounts type "C"
2.1. Type "C" accounts in the currency of the Russian Federation
2.1.1. Account type "C" (conversion)
Account type "C" (conversion) is intended for transactions involving the purchase and sale by a non-resident of foreign currency for the currency of the Russian Federation for the purpose of...

[Afanasy]

Everything is correct. It is almost impossible to switch to payment in rubles at once. No one simply has that kind of money. Subsequently, European countries will be forced to sell us their goods for rubles so that they have something to pay for gas. Gradually everything will fall into place, but for now a scheme has been proposed that could work tomorrow. Let them get used to the fact that the ruble should become a currency.

[Tagan]

Quote: Nastia Makarova

before: Germany buys euros from Gazprom, whose accounts are over the hill
wanted: Germany buys rubles for euros on the stock exchange and gives them to Gazprom
suggested: Germany buys rubles for euros in the bank of the gasket, and the bank of the gasket gives the rubles to Gazprom
everything is as they wanted, gas for rubles, but at the same time, the letter of the law and contracts is observed

Indeed, at present, judging by the information, Gazprombank is not under sanctions.

[Hindu]

Quote: nikolas 83

It turns out that we gave back, because in fact they will pay for the euro. And Germany also supplies weapons to the Nazis, and we give them gas. If only Stalin supplied Caucasian oil to the Germans. Unthinkable.

Not a fall, but a negative growth. Not “back distance”, but we are advancing, only in the opposite direction. What is not clear?

[Algorithms of Truth]

The West also illegally froze our accounts... and it seemed like nothing, but when we did something illegal, they squealed like wounded hares!!!

[Genak]

That is, Russia will pay for gas, hoping to buy it for euros in Europe, with a ban on transactions in euros with Russia;)

[agond]

Everything looks very strange, the EU, as the buyer of our gas, appropriated our foreign exchange reserves that were in their banks and at the same time, for settlements with the EU, we were forbidden to use the dollar and euro located in accounts in our banks, in such conditions there can only be two ways out - stop trading in general, or barter exchange, or generally trade with the EU for gold, while it must physically cross our border and then be with the EU, the option with the ruble is a half-measure

[decimalegio]

Unless there are errors in the translation or if the author did not explain himself well, I don't think there are any changes to the payment, it seems to me that he is deceptive
mechanism still used today for payment. Currently, exporters return the remuneration received in foreign currency to the Russian bank to pay for supplies. Within three days, they must convert 80% of it into rubles, and then sell the currency on the market. Importers buy it by debiting their account in rubles. Finally, they use the currency to purchase needed goods abroad.
Here it is not a matter of kindness or servility, as some say, but of action, and, as the Latin sages said, “Pecunia non olet.” Will Russia ever be able to deprive itself of nearly a billion euros a day in gas supplies? First of all, banks that accept payments for gas are not subject to blocking or penalties. Between us Europeans there is a love-hate relationship, we love Russian culture, literature, ballet, cinema, but every now and then we argue, like between cousins. Above this site I read about many who despise Western Europe, may have never seen it, but you like the beauty we have. By the way, Western Europe doesn't have all the homosexuals you think possible, so you can move around safely without the danger of being raped. In this love-hate relationship, for some time neither of us can do without the other. But forces outside Europe, the US and China, are working to divide us and are succeeding.

[agond]

Selling gas for rubles can only somehow strengthen the ruble, but will not save our reserves from further risks of seizure of our reserves, and most importantly, all currency located in Russia has become unsuitable for settlements with the EU and the USA

[kirosi]

In this case, this breaks OUR financial control system. It turns out that Gazprombank bears currency risks and is responsible for payments.
And there is a procedure for foreign companies to purchase foreign currency through the opening of special accounts. Why reinvent the wheel?!
It should be THIS: a foreign buyer opens a special account in an authorized bank to which he transfers funds. THEN issues an application for the purchase/sale of currency, funds are withdrawn/credited to a special account.

[DO]

If, according to the agreement, payments must be made in euros, then the importing country will be able to pay for gas in this currency. In this case, the payment amount will depend on the official ruble to euro exchange rate established by the Central Bank of the Russian Federation

On the one hand, linking the amount of payments in euros to the Central Bank ruble exchange rate, which stabilizes the ruble exchange rate, is unlikely to be spelled out in any contract, and will certainly be contested by Europeans. On the other hand, this is a clear Russian response to the illegal freezing of Russian assets and other Western sanctions.
In order for the mentioned rules of mutual settlements to work, Russia will most likely have to turn off the gas tap to Europe for a month or two, and end the demilitarization of Ukraine with complete victory. Because they only negotiate with the strong. And the weak pay and repent.

[16112014nk]

“This has never happened before and here it is again.” ©
The rear was turned on again.

[navycat777]

Actually, the role of the Central Bank's backup was performed by Gazprombank. Received rubles from the Central Bank, received euros from the buyer. Everything is cashless. The Central Bank also does this without cash. It’s just that this scheme is convenient for the buyer and the bank for making some profit for intermediation.

[agond]

Even if the gas for rubles scheme works, we still cannot spend their euros received from the sale of our rubles, neither in the EU and perhaps even in Asia, because a non-cash payment does not have a material medium, just a record on the hard drive of the bank, if the bank is under sanctions, this means that it is excluded from the list of banks, as if it does not exist. and other participants are not at all interested in the information remaining in this bank about non-cash dollars, euros or rubles that were previously in the bank’s accounts.

[navycat777]

A long chain of conversions and a breakdown into many payments will easily bypass all obstacles

[Commodore Arctic]

the buyer will transfer payment for gas in euros to an account at Gazprombank, which will then convert the payment into rubles.

And why convert to rubles? what nonsense
Well, it’s clear that ours are starting to “pedal” backwards!
That is, Geropa sanctions us - and we will leave everything the same

[Div Divich]

Found the text of the official document
http://kremlin.ru/events/president/news/68094

Paragraph 6 says:

6. The foreign buyer transfers funds to a special currency account of type “K” in the foreign currency specified in the contract for the supply of natural gas, and the authorized bank, based on the order of the foreign buyer, received in the manner established by the rules of the authorized bank, sells foreign currency, received from a foreign buyer to such an account, at organized auctions held by the public joint-stock company "Moscow Exchange MICEX - RTS", credits the proceeds in rubles to a special ruble account of type "K" of this foreign buyer and transfers the credited funds in rubles to an open Russian the supplier has a ruble account in an authorized bank.

This means that Germany will continue to pay in euros, and Gazprombank will sell 100% of this currency on the Moscow Exchange and credit it to Germany’s ruble account, then the rubles will go to Gazprom.

That is, the demand for rubles abroad will be zero. There will be a demand for euros in the domestic market, since some firms have loans in Europe, as well as for the purchase of goods in Europe.

As I understand it, the ruble will collapse, since Europeans were not forced to pay in rubles, that is, the demand for rubles abroad has not increased. Selling the Euro on the stock exchange will slow down the fall of the ruble, but will not stop it.

I may be wrong, since I am not a financier, I relied only on my logic. It would be interesting to read others' views on the government's official document.

And now the ruble exchange rate has strengthened due to uncertainty, the market did not know whether Europeans would export rubles abroad to Russia or not... The government document gave the answer to this question, rubles would not be exported to Europe.

[navycat777]

Haha, that is, billions of rubles in thousands of suitcases will be secretly routed, it turns out they will not be exported outside of Russia

[Andrey Andreev_2]

The price for Germans for gas was the lowest in Europe, but Germany doesn’t want to pay it either... The Ukrofashists infected them with freebies))) But most likely, there were calls from overseas prohibiting the purchase of Russian gas and exhortations to help... Soon the EU -ov's countries will be renamed (it is difficult for the leader of the United States to remember the names of countries), there will be Bidenovka1,2...55.

[XNUMX%]

Muddy article. What, who and where will increase it is far-fetched. And why a ruble account of a foreign state in Russia can be frozen from the outside, but a foreign currency account does not have this property is not at all clear. Looks like we're all slowly being scammed...
If the Central Bank is a Russian bank, and not a foreign one, then what could be easier for European countries than to hand over currency and other assets there and receive a ruble account in return - who the hell will block it?
And then - buy gas, if the USA is not a decree for you!.. It had to be so.
What will happen now is not at all clear... after Putin offered Scholz the “optimal” option.
I can’t understand one thing - why exactly did the President of the Russian Federation need to disgrace himself so much, instead of simply monitoring the implementation of his own decree on the transition to payments in rubles?...

[Div Divich]

The President gave the task, he was informed that the task was completed.
But no one explained to him that in fact this was an imitation of selling gas for rubles, and not for real, and at a loss to the country.

[agond]

Most likely, the idea of ​​selling for rubles arose quite a long time ago, but they did not dare to implement it, and now that all the assets that were in the accounts of Western banks were taken from us and they were forbidden to trade with us in euros and dollars, all sense of supplying anything to the EU has disappeared

[Div Divich]

Yes, there has been talk for a long time about selling gas/oil for rubles in order to fight the petrodollar, and now there was a reason to apply this template for the euro - well, they began to implement it as best they could, but the result was so-so.

If Russian companies were prohibited from taking loans in Europe, and the import of Mercs, BMWs, Manas and other European equipment were prohibited, then the conversion of Gazprom’s euros would be more useful, since the demand for euros would actually decrease in the country, and there would be a surplus of euros for Gazprom account. But we must take into account that Germany will refuse Russian gas in 5 years, and then this scheme for supporting the ruble exchange rate will stop working.

And we have not yet discussed that it is not the exchange rate of the euro and dollar that changes, but mainly the exchange rate of the ruble against currencies. It's the rubles that suck.

[Cat Kuzya]

The Central Bank is a commercial organization operating in the interests of the IMF and the global financial system and which lends to the Russian state and at the same time monitors the compliance of the Russian banking system with the requirements of the IMF. The full list of beneficiaries of the Central Bank of the Russian Federation is absolutely secret.

[Mint Gingerbread]

I explain to everyone who doesn’t understand.
1.The importing country wants to buy gas.
2. The importing country opens an account in a Russian bank.
3. The importing country transfers euros to an account in a Russian bank.
4. The Russian bank sells euros to other players through the exchange and receives rubles.
5. The Russian bank transfers the rubles received from the sale to the account of the importer’s country.
6.The importing country receives gas.
Anderstend?

[Cat Kuzya]

This is a veiled sale of 100 foreign currency earnings. The question is: where will the sold euros go? They formally remain the property of the EU and can be blocked at any time. For our country, it is only profitable to sell for a currency that cannot be blocked by the EU countries and the USA. The only thing that comes to mind is that these euros will immediately buy gold or yuan.

[XNUMX%]

If everything is so, then it should have worked if they had allowed it to work. But so far, no one in Europe has even really experienced a critical deficit, and Putin has already danced his way out in front of Scholz. Later, however, an article was published where his photograph was again being used for “rubles”, but the “purity of gold” is now the question that is in question...

[Pavel57]

Everyone needs to be transferred to rubles, both friends and partners.

The payment system still looks strange until the ruble becomes the world reserve currency

[XNUMX%]

Sound thought, but bold

[mixer]

The scheme is interesting, it turns out: for the Central Bank and Gasprom it is beneficial for them that the ruble does not strengthen, if it strengthens, then the EU pays less under a long-term agreement

[mixer]

Payment in rubles according to this scheme, so that Russia wins. and the ruble strengthened, new contracts need to be drawn up for rubles

[EvilLion]

If we buy something in the EU, then we still need the euro, but with such a scheme, the euro will no longer be on its own for us; its exchange rate to the ruble is under our strict control. If they don’t want to sell us what we need for their candy wrappers (euro paper is really rubbish), or they ask too much, then the euro exchange rate will fall. In general, the redistribution of material wealth in our favor.

We are waiting for euros for 20 rubles.

[grandfather Miron]

The article is really about nothing. But the question for the leadership is: why such a “good” attitude towards Germany? They impose sanctions on us, they are ready to sell weapons directly from factories to Ukraine, and you give them preferential conditions. Smells like crap.

[agond]

Quote: Mint Gingerbread

I explain to everyone who doesn’t understand.
1.The importing country wants to buy gas.
2. The importing country opens an account in a Russian bank.
3. The importing country transfers euros to an account in a Russian bank.
4. The Russian bank sells euros to other players through the exchange and receives rubles.
5. The Russian bank transfers the rubles received from the sale to the country’s account
importer.
6.The importing country receives gas.
Anderstend?

7 The importing country made the payment by non-cash method, neither banknotes (banknotes) nor goods, much less gold, arrived in our country, just a record of the transaction appeared on the server of our bank, explain what to do with it next if the West has agreed nothing we can’t sell, and then if the bank is banned, then the electronic money (euros and dollars) in its accounts ceases to exist

[EvilLion]

If the West does not sell for the euro, then the euro/ruble exchange rate falls. They will have to pay more euros, but we will still find where to put them. Before that, they didn’t care about the ruble exchange rate.

[Hindu]

Wait, the Russian Federation will start saving them from forest fires in the summer...

[smart fellow]

All this is “bread” for ordinary people. Gazprombank (oil and gas), Rosselkhozbank (wheat and sunflower oil/seed) and Tinkoff Bank (paid $448,96 million in tax in the USA) are exempt from sanctions. Scholz, of course, is hearing about this for the first time.

[Div Divich]

The Russian government did not apply the most stringent measures.

Converting euros into rubles is a half-measure, and a temporary one at that (until the Europeans switch to gas from other countries). It is better to enhance the effect by banning the import of European goods that are not critical for us. And in the longer term, we need to develop our industry.

[grandfather Miron]

Just:
-The decision to supply gas for rubles may be canceled in the future, but now this is the most reliable option for the Russian Federation - Peskov
- the transition from April 1 to payment in rubles for gas does not mean an immediate cutoff from supplies, since payments are made within a month - Peskov
What kind of statements are these? Or is the president’s mouthpiece making a gag or is this the position of the authorities? Or Peskov’s language won the fight for independence from the brain. It is said from April 1 means from April XNUMX, let them fuss. Otherwise it turns out that they growled from around the corner and we’ll see what happens. Complete crap.
For discussion I propose:
Indicate a list of goods that we would like to buy from them...for rubles.
For example: electronics, cars, etc.
Then let them buy gas, oil, food for these rubles....
Then the ruble exchange rate will become real.
You give a “gelding” at maximum speed for 100 rubles.

[ARIONkrsk]

In short, everything is the same as before, only Gazprom has to buy rubles, but for them everything remains the same, that’s it.

[mediumpro]

Well, now it’s not the foreign currency proceeds that need to be sold on the stock exchange, but all the payments and this will be handled by the Russian bank. I hope this is a half-measure, and new contracts will be for RUBLES.