abandoning Putin’s terms will lead Europe to disaster

The EU’s refusal to pay Russia for gas in rubles will lead to higher prices, Suverov said
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Sanctions against Russia in general and the Urals in particular

If the governments of European countries refuse the demand of Russian President Vladimir Putin to pay for gas in rubles, it will lead to higher prices in many countries. This statement was made by the investment strategist of Ari Capital Sergei Suverov.

“This will have catastrophic consequences for Europe’s energy sector, and it could cost Gazprom about half of its profits and investment cuts. Europe is facing a sharp rise in gas prices, possibly above $ 5,000 per thousand cubic meters, plus forced rationing of energy consumption this winter, “said the expert in an interview with Prime.

He also noted that it would be problematic to quickly replace Russian gas with LNG supplies from the United States or Qatar. Free US gas capacity is limited, and Qatar’s supplies are mostly contracted.

Britain, Germany, Canada, Italy, the United States, France and Japan have previously decided not to buy Russian gas for rubles. Russian President Vladimir Putin has said that countries recognized by Russia as unfriendly (especially Europe and the United States) will be obliged to pay for gas in rubles. This decision of the head of state, according to a poll by VTsIOM, was approved by 76% of Russians. After that, several European countries stated that they do not consider such an option to purchase energy. Matian Tepo, a columnist for the French newspaper Marianne, said that by asking European countries to pay for gas in rubles, Putin had played his “trump card”.

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If the governments of European countries refuse the demand of Russian President Vladimir Putin to pay for gas in rubles, it will lead to higher prices in many countries. This statement was made by the investment strategist of Ari Capital Sergei Suverov. “This will have catastrophic consequences for Europe’s energy sector, and it could cost Gazprom about half of its profits and investment cuts. Europe is facing a sharp rise in gas prices, possibly above $ 5,000 per thousand cubic meters, plus forced rationing of energy consumption this winter, “said the expert in an interview with Prime. He also noted that it would be problematic to quickly replace Russian gas with LNG supplies from the United States or Qatar. Free US gas capacity is limited, and Qatar’s supplies are mostly contracted. Britain, Germany, Canada, Italy, the United States, France and Japan have previously decided not to buy Russian gas for rubles. Russian President Vladimir Putin has said that countries recognized by Russia as unfriendly (especially Europe and the United States) will be obliged to pay for gas in rubles. This decision of the head of state, according to a poll by VTsIOM, was approved by 76% of Russians. After that, several European countries stated that they do not consider such an option to purchase energy. Matian Tepo, a columnist for the French newspaper Marianne, said that by asking European countries to pay for gas in rubles, Putin had played his “trump card”.

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