Russia says it will cut off gas supply to Europe after G7 vow
The Group of Seven major economies has agreed to reject a Moscow demand for gas to be bought only in Russian currency.
Russia's Vladimir Putin made the demand last week of "unfriendly" countries - presumably those that have imposed sanctions.
He instructed the country's central bank to work out a procedure for buyers to acquire rubles in Russia, in a move apparently designed to support the currency - which has collapsed against other currencies.
Germany's energy minister has said meeting the demand would be a "one-sided and clear breach of the existing contracts".
He added that "payment in rouble is not acceptable and we will urge the companies affected not to follow [Russian President Vladimir] Putin's demand".
In retaliation, a Russian politician said the G7's refusal will definitely lead to a halt in supplies, according to Ria news agency.
Many European countries rely on Russian gas, although the UK has already banned imports.
Literally no one gives a fuck abotu this faggy eastern european drama. SO fucking what. Big fucking deal. I don't care.
Michael Nelson
It says a lot of about how out of touch people are if they think natural resources are less valuable than fiat currency and that a country with vast natural resources the rest of the world needs and the ability to feed itself is going to collapse because numbers on a computer went down.
There would have been a better chance of that happening if they were never sanctioned because then they would be unlikely to make a completely clean break and you can use the fact they are still hooked into to your system to fuck them over systematically.
The world is run by retards.
Nathan Smith
You all better do a trucker convoy now before it's too late
Bentley Hill
It's a great scenario because either way this goes, EU looks like a bunch of retards.
Ryder Peterson
based
Lincoln Nelson
RETARD
Andrew Turner
Based. Natural resources >> (((fiat)))
Charles Williams
if they were smart they would have done that in winter. it wont have 1/1,1000th the effect anymore. russia could have literally destroyed europe 5 months ago
Ethan Harris
Kremlin spokesperson Dmitry Peskov said Russia will stop shipping natural gas to countries that reject the demand.
Charles Hughes
yep, either the EU sucks Putin cock, or it immolates itself economically for Biden, either way i'm gonna laugh (and stockpile sacks of rice)
Chase Sanders
German industry goes poof!
Brody Williams
>russia is threatening to cut off its last lifeline
Yeah, living in dire poverty is an integral part of Russian culture.
The EU knows that if they buckle on the contracts now, Russia will just be encouraged to try again.
Wyatt Lopez
EUROPE WILL COLLAPSE THEY EITHER BACK DOWN AND AGREE TO PAY IN RUBLE OR THEY ARE DEAD WORLD ECONOMY COLLAPSES WW3
Brandon James
>a country with vast natural resources the rest of the world needs and the ability to feed itself is going to collapse because numbers on a computer went down. they better hope the CPU on that computer lasts because they aren't getting anymore of them. naive bastards on this board think it's just about "fiat currency" haven't look at what Russia will no longer be able to get, things that their economy depends on like plane parts. inb4 "they'll just make it all, the Chinese will make it all" no they fucking won't. modern jets have millions of parts. modern CPUs are incredibly complicated to the point that Russian and Chinese CPUs are at least a decade behind
>The EU knows that if they buckle on the contracts now, Russia will just be encouraged to try again. Or maybe The EU will learn not to sanction the hand that feeds them, but probably not.
Jackson Garcia
>they better hope the CPU on that computer lasts because they aren't getting anymore of them wtf are you talking about? china makes those lmao
Ayden Ross
Russia won
Dylan Long
I'm almost 100 percent sure they'll cuck. As incompetent and stupid their politicians are, they can't be that stupid.
Anthony Martin
Russia is the second largest (after china) source of silicone. And that's JUST silicone
Julian Gutierrez
China precisely make those, you fucking retard
Sebastian Perez
This shit wouldn't happen if the rich ass people's homes weren't stolen
Connor Phillips
no they don't retard, at least not ones that are worth a damn. Intel and AMD are American. Neither of them make CPUs in China
Matthew Hughes
THEY HAVE 3 DAYS LEFT TO DECIDE TODAY THEY DECIDED TO ANNOUNCE THEY WILL REFUSE TO PAY IN RUBLES PESKOV SAYS OKAY COOL, WE TURN OFF THE TAPS THEN
Neon gas used for EUV lithography comes from Ukraine, parts russia controls. The more this goes one, the more i see is pretty much right.
David White
imagine coping this hard, amerimutt, your tranny world order is collapsing and thank God for that
Jonathan Walker
ww3 fucking WHEN
Kevin Ross
no they don't you uninformed retard. retards like you really think "well durr everything is made in China!". go ahead, show a modern desktop CPU that is made in China.
Juan Allen
>Ukraine is a major producer of neon gas, critical for lasers used in chipmaking | Hacker News. I've found the reason (I think) 90% of the world's semiconductor-grade neon production is concentrated in one country Globohomo means the entirety of world's semiconductor industry crucially depends on a single Soviet gas factory because Ukrainian labour used to be dirt cheap yet: - Ukrainian labour no longer exists - Odessa region rejoins Russia in like a couple month, meaning the entirety of world semiconductor industry will depend on Russian gas and Chinese Taiwan for years.
Jacob Walker
politics is an emotional affair
maybe they will use private importers secretly or hungary will buy and resell
but they are very much capable of starving to death just to flex on putin
William Ramirez
the only thing your country produce is dilods to stick up your transexual asses
Austin Kelly
>Russian and Chinese CPUs China invades Taiwan
Lincoln Rivera
lmao you don't know shit retard. why don't you use that computer or phone you're using (which probably contains a processor the Russians will no longer be able to get) and learn about CPUs and where they are made. I don't even think China has the fabs in their country to make their Kirin MOBILE processors, they have to depend on other nations to make them
Dominic Flores
VERY VERY VERY SOON
EVEN IF G7 CHANGE THEIR MINDS IT WILL ONLY POSTPONE THE INEVITABLE OR MAYBE NOT, MIGHT STILL HAPPEN ANY MINUTE EITHER WAY
shows drop of 100% >it's really only 3%, chart is biased as fuck
Jonathan Wright
Oh no, Canada and the USA will not be able to buy Russian natural gas. How will they survive?
Jaxon Powell
>although the UK has already banned imports russian gas is 3% of UK gas, so the UK can find it elsewhere and does not suffer from banning russian gas. different story if you have 40% or 60% like germany and hungary. standard UK tactics though to do over germany.
Jaxon Lewis
Taiwan needs neon gas for lasers anyway and got 90% of it from post-Soviets, specifically from Ukraine, Odessa region plant. This region is blockaded already, scheduled for a naval invasion and will rejoin Russia anyway (Lugansk is to have a referendum with know result soon).
Christian Allen
It;s not about winter now, it's about factories and energy.
Lincoln Hall
It' s spring.
Not my problem.
Jack Wilson
Not when it comes to exporting to Russia lmao.
Wyatt Edwards
>j-just two more weeks to flatten the russian economy
Christian Evans
Good accelerate to the maximum now
Logan Jenkins
Canda and the US are fine, it's Germany and the EU immolating themselves for some reason lmao
Ethan Brooks
nothing ever happens sage
Colton Perry
>stop exporting the only thing your country produces >instantly cut your budget by half >own globohomo by reverting to soviet tiet poverty
:) think of what's gonna happen to sarnia that place is barely livable as is
Joshua Adams
Indeed, but consumption will grow anyway and will skyrocket the price. Also gas storages are almost empty after this winter. Shit is fucked and i like it.
Parker Bailey
another retard
Zachary King
>for some reason because they are US vassals
Austin Barnes
Well, in fact there is no problem. Neon can be mined anywhere.
+15C room temp VILL be your problem. Better ask gran-gran how he weathered through Stalingrad right now.
Nathan Young
For all the retards in here thinking that Russia will keep on supplying:
> Russia cannot accept dollars and euros because due to sanctions they are pretty much worthless to them, they can't use those currencies
> Russia has a big market in Asia that is not yet fully used
> Europe will not be able to fulfill its need for gas with alternatives like USA, Middle East, Azerbaijan etc. > Why? > In the case of the US: bringing in Gas with ships is 1) way more expensive 2) the americans don't have enough ships 3) german eco cucks will not want this > In the case of the other countries: The infrastructure to deliver the gas simply does not exist and will not exist for at the very least a year. And even if this infrastructure could be built within a year, the european economies need gas or else there is no electricity. 70% of germany's industry depends on electricity produced with gas.
If you retards still think that there is a way how Europe will not be fucked in the scenario, please do enlighten us all you 4d chess masters.
Neon gas can be obtained from other places, though it'll take a little while to set up production of it.
Microprocessors however can't just be made in other places. It's an absurdly complex process only two countries on the entire planet have mastered, and both have sanctioned Russia (and no, one of those countries is not China).
Zachary Gutierrez
Oh whatever will we do? If only we had exploited our own natural gas reserves and had no real dependence on Russian gas. Oh well.
Mason Cruz
>muh twitter Russia can fab chips needed for military and industrial SCADA purposes, as can China. Only a few places in the world can fab the latest cutting edge chips but the fact is those aren't needed for most purposes.
Juan Phillips
You don't reach 50 IQ combined.
Adam Miller
>Gas is only used for heating. Unfortunately I couldn't find anything on Europe, but here's what's available.
Imagine cucking to mongol hordes because of gas. Nuclear hellfire is preferable
Justin Hernandez
Romania is covered by its own production. We're not affected
Gavin Collins
Fun fact about the UK. It should actually be self sufficient when it comes to oil and gas. It has reserves to last well into the 2030s and if they exploit reserves in developed areas, then probably close to 2050.
For some fucked up reason UKs aggressive green agenda means it's reliant on importing oil/gas from other countries.
Liam Baker
è arrivato il coglione
Landon Perez
>German industry goes poof! Hopefully Germans go with it
Isaac Flores
PLEASE NO MORE GAS TO EUROPE DO IT PUTIN
Eli Perry
>In retaliation, a Russian politician said the G7's refusal will definitely lead to a halt in supplies, according to Ria news agency. Look. The reserves in G7 countries are no longer assets but liabilities since they decided to default on their bank contracts with Russia. qz.com/2135316/the-g-7-froze-all-of-russias-reserve-assets-in-their-countries/ >The G-7 has frozen all of Russia’s reserve assets in their countries >Ahead of its invasion of Ukraine, Russia had stockpiled $500 billion of foreign currency reserve assets to protect itself from potential penalties from the West. But now, most of that has been frozen.
So Euros, government bonds from any G7 nation, dollars etc are all worthless from a Russian point of view since they can't use them due to sanctions and seizing of assets.
>So first they ban Russian banks from SWIFT, making bank transfers almost impossible >Then they steal Russias foreign reserves that are held in G7 nations, turning all currency reserves that Russia has into liabilities instead of assets >Then they refuse to pay in Rubles They can kvetch all they want. But Russia are the good guys in this exchange.
Angel Lee
hopefully my shithole too
Juan Rogers
And LNG terminals can be built anywhere there is a puddle, just schedule for 3 years. 90% of world neon comes from Russia metal industry's by-products that are processed by a Ukrainian plant. Until other countries build proper plants, the entirety of world CPU production can be cut by a Russian embargo, as well as Taiwan's economy it seems.
John Roberts
Lol nice try VPN Ivan, your army is stuck pants down so now the narrative is for the world to forget this humiliation and lift sanctions
>depends on like plane parts. Did you know the United States is dependent on Russias space program because we can't launch astronauts into space? We have to hitch hike on Russian space ships. Also Russians are known for building some of the coolest fucking planes and helicopters on the planet
Jace Cox
>MOSCOW TO CUT OFF GAS TO EU Good. I don't feel the cold. I don't heat my house. I have a medical condition. Bring it. I'm better suited to MY environment that YOU are. >Darwinian Evolution I'm best fitted to this new environment and you're not. Problem, failed DNA sequence?
