{"id":62324,"date":"2022-03-30T07:52:50","date_gmt":"2022-03-30T12:52:50","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62324"},"modified":"2022-03-30T07:52:50","modified_gmt":"2022-03-30T12:52:50","slug":"germany-scrambles-to-ration-gas-after-refusing-to-make-payments-in-rubles","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62324","title":{"rendered":"Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles"},"content":{"rendered":"
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Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles<\/a><\/h3>\n<\/header>\n
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Now that Moscow has doubled down on its demands that its European “partners” pay for its oil and gas in rubles instead of euros (which, as the bloc already demonstrated, can be easily confiscated in the name of “sanctions”),\u00a0the German government is digging in its heels as the payment dispute threatens to precipitate problematic energy shortages in Europe’s largest economy.<\/strong><\/p>\n

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The\u00a0FT reported<\/a>\u00a0Wednesday that German Energy Minister Robert Habeck has activated the “early warning phase” of Germany’s gas emergency law, which was adopted to help ration supplies in the face of a severe shortage. The decision will alert German consumers and businesses to do what they can to conserve energy.<\/p>\n<\/div>\n

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Too bad President Biden and the US will take years to reroute their promised LNG exports (and even so, they will likely never be able to fully compensate for Russian supplies<\/a>).<\/p>\n

Habeck issued the warning for fear that Moscow would swiftly move to cut off energy exports to one of its biggest customers in Europe over its refusal to make payment in rubles, which Habeck has insisted would be a violation of the two sides’ contract.<\/p>\n

The move was triggered by German concern that Russia might cut supplies to the country and its neighbors because they are rebuffing Moscow\u2019s efforts to force payment for gas imports in rubles.<\/strong><\/p><\/blockquote>\n

After demanding last week that “hostile states”\u00a0pay for its gas and oil in rubles<\/a>\u00a0(although\u00a0it hinted that gold and cryptocurrency<\/a>\u00a0might also be considered), Moscow said it wouldn’t share its resources “for free” after the G-7 aggressively repudiated the Russians’ request.<\/p>\n

“We will definitely not supply oil and gas for free, that’s for sure. It’s hardly possible and reasonable to engage in charity in our situation,”\u00a0<\/strong>Putin spokesman Dmitry Peskov said earlier this week.<\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

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Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles Now that Moscow has doubled down on its demands that its European “partners” pay for its oil and gas in rubles instead of euros (which, as the bloc already demonstrated, can be easily confiscated in the name of “sanctions”),\u00a0the German government is digging […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[281,349,359,588,694,4318],"class_list":["post-62324","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-europe","tag-gas","tag-germany","tag-oil","tag-russia","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62324"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62324\/revisions"}],"predecessor-version":[{"id":62325,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62324\/revisions\/62325"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}