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G7 refuses Russian demand for its gas to be paid in rubles (www.bne.eu)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 years ago (1 children)

You're tacitly admitting Russia got kicked out of the G8. And you know who has oil and gas? Ukraine. Guess where all that sweet, sweet foreign capital is going to be redirected? And probably Russia's frozen foreign currency reserves, too.

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago) (1 children)

Just for the record: Ukraine is importing gas from Russia as well.

[–] [email protected] 1 points 2 years ago

Technically, not at the moment, being invaded by Russia and all. But my point is that afterwards, Ukrainian deposits will be fast-tracked for development by foreign capital where as Russia will be starved for it. Belt and Road might be their only option.