The Russian president’s announcement that countries “unfriendly” to Moscow must pay for gas deliveries with rubles shows that he’s willing to use energy as a weapon in the Ukraine war. It puts the West in a tight spot.
The war in Ukraine has wreaked havoc on the global economy as the world reels from high energy and metal prices. As the war rages, DW looks at the fallout on commodity markets since the February 24 invasion.
Commodity markets are in the spotlight as Russia keeps selling its oil and gas through specialized dealers in Switzerland. The business brings in billions of dollars that could be used to fight the war in Ukraine.
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Are they kidding themselves…..you are simply replacing one autocracy for another. USA has invaded the most countries in the last 100 yrs. So why buy gas from them???
Burst! Will lead to enterprise bankruptcy! Similarly, the backlog of Russian oil has exploded! It will also lead to the bankruptcy of Russian mining enterprises! Then Russia will clear its inventory and dump oil at a low price! This is the best way to reduce the price of oil! Overcapacity is the reason for Russia's low-cost oil! So we should reduce oil consumption!
You haven't count Indonesia.
We also allies with Russia in trading sector.
It will be nasty if all of us sanction the EU back like the whole EU apply sanctions to Russia.
Meanwhile US is laughing at EU from accross the sea.
Congratulation for your new gas vendor from across the Atlantic.
germany always sell her soul for money and power.
Thank God you can turn towards America once again.🇺🇸
West doesn't understand. Spamming 'human rights' news about other countries will lead to inflation. I don't like Qatar government but who are the German to teach us about human rights. You forgot burnning kids and families!!! I am getting sick hearing 'Human Rights ' from US, UK, France and Germany. Any way enjoy high inflation this decade. You don't deserve cheap energy
Mr Klaus Schwab has a lot to say about this. You will own nothing soon and be happy.
Sorry but Turkey is not an authocratic country. The Government of Turkey (Turkish: Türkiye Cumhuriyeti Hükûmeti) is the national government of Turkey. It is governed as a unitary state under a presidential representative democracy and a constitutional republic within a pluriform multi-party system. Do you remember Sabiha Gokcen who was the world's first female fighter pilot aged 23? On February 6, 1935, the women of Turkey were allowed to vote in national elections for the first time. Women were even allowed to stand for office — and eighteen female candidates were elected to Turkey’s parliament. Turkish women gained the right to vote a decade or more before women in such Western European countries as France, Italy, and Belgium.
EU was and still is the largest buyer of petroleum products of Russia….EU has bought 15 % more than the previous month
Stop the non sense
1. The past is the past, Germany, have learned from their mistakes and don't want to repeat it or promote those that do.
2. This is a very sticky situation! Qatar and the USA have very questionable means of acquiring their LNG, Qatar more so then the USA. At least Russia was next door.
3. I know a way of dealing with this but I won't get involved in the politics of western nations.
Before criticizing Qatar about human rights violation, the Germans should first condemn their own brutality during the second world war.
Please buy more freedom and valued gas from the USA
When western mean the human rights. Hhhhhh
It's seems US recovering it's lost investment of Afghanistan from EU 🤐🤐🤐 , nice play US & NATO
So why not buy from Africa
What do u mean by human rights. EU,NATO and US should be ashamed educating on human rights
Nothing more hilarious than westerners talking about human rights 😂
Germany does not have the infraestructure to process the LNG, that will take years to develope. In the other hand, the cost will be at least the double of what Germany is paying rigth now for the Russian gas. So the economy will be hit really hard.
So HUMAN RIGHTS are inversely proportional to OIL PRICES.
BRAVO GERMANY
Buying energy from Russia, makes you complicit and supporting Russian war criminals. Gee what’s the lesser of two evils….what a mess.
China, and likewise the rest of the World, is working hard and fast to decouple from the USA. We have seen how the USA has weaponized its hegemony in USD and technology – tampering with the global money transfer system (SWIFT) for political reasons, illegally seizing the personal property of Russian oligarchs, freezing the sovereign assets of Russia, embezzling the foreign currency reserves of the Afghan people, economic sanctions that are aiming at destroying the livelihoods of innocent civilians, banning chip supplies to Huawei, creating the non-inclusive ‘Clean Network’ and ‘Supply Chain Alliance’., etc.
As it has gotten to a point where even the USA’s allies (not to mention its adversaries) don’t feel comfortable exposing them to the USA, the decoupling from the USA is happening faster than we think it is. Soon enough, we will see an expanse of the landmass of Asia, Central Asia, Africa, and Europe, with vibrant transcontinental trade, investment, and infrastructure development, connected by the Belt and Road Initiative, and a very isolated America separated on either side by the Pacific Ocean and the Atlantic Ocean.
If you factor in that this is not just the mindset of political leaders but also that of business leaders as well as wealthy individuals, the chain reaction to the demise of US hegemony has started and will not reverse. This is indeed the beginning of the end game of American Decoupling.
Delema? buying Russians LNG are far more worst than Qatar regarding human rights if that’s the reason of not getting Qatar LNG.
Switch to Qatar LNG to help and stop Putin ZZZZZ.
Deutschland united with Russia dont need USA and Britain at all
The level of arrogance in stance, questioning, and hypocrisy in this news is unbeliveable. If the western countries are so hung up about how democratic they are and how they are fighting for human values, freedom etc which is being destroyed in the Ukraine, then do not trade with the 70% of the autocratic countries in the world who "share" the same values as Putin. Just trade among the 62% western democratic countries, and then see where you will get oil, or energy to feed your industry and build your products, or even feed your people. So much for your rather highly self-placed human values that you believe only you uphold. what a bunch of jokers.
Choosing between two evils. Now USA is ready to restart economy with Venezuela as well as Iran. lol all those countries including UAE should know that the west is using you temporary and will throw you away when we don’t need you because you dont respect freedom, democracy, bla bla bla. Maybe they should seriously start using Chinese yuan and make an alliance like opec, “the alliance of bullied by the west because we don’t respect human rights”
Germany is committing economic suicide by joining the proxy war against Russia
Please Germany help Sri Lanka like you are supporting Ukraine by supporting them with billions of dollars in war.. just send those few dollars instead of preaching in news channel. you won't because we east world countries are not your race ?
For an EU under-endowed with energy, commodities, crop land, metals, lebensraum, even sun and wind, not to mention the vast manufacturing base of China, and its deep markets. The idea that EU can determine trade policies based on exclusive values is absurd. Even earning surplus Euro (and $) has lost its allure since the currency has been politicized and lacks physical backing.
Economics is the science of scarcity. Most commodities of Eurasia are located in the vast lands east of Poland, east of the Ural mountains. Russia pipe gas average 1.5$/mBTU while US or Qatari LNG is over 6$/mBTU. To self sanction the EU from the rest of Eurasia at a time of stagflation is plain economic self-multilation if not suicide.
EU's value based trade policy posits that "beggars can be choosers". The likely result is "what is unsustainable will not be sustained."
There is no such a thing “democracy” and “capitalism”. I want to see what will happen to democracy and capitalism when other countries (Africa) become rich and expensive. Where western companies go for cheap stuff?
Western media has lied to the world
All nations nolonger trust Western currency and investing there
So EU is hypocrite they talk values not not follow. Ha?
Also Germany is largest trade partner of Israel, the most oppressive regime and human rights violator.
First of All its USA s war
Reserves aren't money.
Reserves are currency.
Money is finite.
Currency is limitless.
USA slowly destroy Germany
usa can't fulfill germanys energy required it means less production means less GDP
ultimately destroy Germany
UK also fueling
Uk Germany enemy since – – – – –
and it's true
Billioners against country s because chenge everything
Government against government why….. Including billioners? That's make big problems
All gas oil company s one panel owned 😂😂because playing against billioners … Use brain government vs government why including business mans?
Politician have no problems… Peoples effect
Peoples against politician s
West will weaponize everything to serve themselves – Let's talk to American Indian and Australia aboriginal about human right. Please don't get me started with the British Empire's track record on human right…
Qatar has already stated that they can NOT fill the void of Russian supply. All their current output are fixed to long term contract they cant revoke.
Hypocrites!! …. Russia 🇷🇺 🙏 ✊️
I hope the EU defaults and has to beg Russia for aid or they must pay a steep price for oil and natural gas in rubles to Russia, for arming the murderous regime in Ukraine
Ok, so the sub too has some dents and you still need their gas dearly. Arrogance is more dangerous than the nuclear. the west is still arrogance even at a dangling situation.
i thinks qatar must find a way to protect their money after export LNG to buyer at europe, USA, Canada, & Great Britain
for now, one leason very clear that they was an record to cut money of private people & goverment russia with 6 wave of sanction, but another double standart was show when 70 years war in palestine & new press killed at israel troops/police they not do same.
at past iran, iraq, libya was suffer when their money/gold/other bond was freeze and never given back to their country by rules of they all.
qatar in asia, i thinks better for find a thrusted country in asia who can protect their interest. not just more wealthy & more dollar/euro, because they can ban qatar country immedietly with or without sign agrement betwen country