WHAT A CLOWN
I understand why he did it - the rouble is down so much that he isnt getting many in return for the gas he is selling, but threatening to enforce contract law under this situation is laughable. Everyone except Germany wont care about walking away from their Russian gas, and this only forces Germany to find a quicker solution of a different source of gas than they otherwise would have, because they're certainly not going to be paying 4x for gas from Russia. Putin either has highschool kids as advisors or he is ignoring them all. Maybe he is going off of the Republican platform where cheap gas keeps you in power LOL? He has another round of debt due shortly, he knows if he defaults on that that his gas will actually be free. He needs this cash ahead of debt payments is my guess.
Rouble on the move higher it seems, up about 40% this week.
Putin just killed the only source of revenues he had coming in and Russia is going to run out of places to put their gas. Wait to see what happens when the entire fossil fuel industry in Russia is sent on a 6 month holiday.
Im looking forward to the day when Ukraine starts salvo'ing rockets into Red Square. The world will cheer.
Last edited by: Ddean on March 31, 2022, 1:21 p.m., edited 2 times in total.
