On March 23, 2022, Russian President Vladimir Putin spoke with an important decision. During the meeting with members of the government, he stated that Russia passes to rubles in the calculated gas supply. The appeal concerned only unfriendly countries. Now in this list of 48 states. After that, the dollar and the euro collapsed on the global stock exchange.

The president clarified that Russia will continue to supply gas in volumes and at prices that are fixed in contracts concluded. Russia is expected to be indigenous. How will this decision affect the course and reputation of the Russian ruble on the global market?

When moving to the ruble, countries will have to issue correspondent accounts in Russian banks. Without such accounts, Western countries will not be able to create foreign exchange reserves in rubles. Russia will also have the opportunity to freeze these accounts, as Western countries have come before.

Europe can carry out transactions bypassing its limitations. The Federal Reserve (Fed) and American banks do not see transfers in rubles. The possibility of imposing sanctions on these currency streams and is also carried out in Russian currency, and the issuer is the Central Bank of the Russian Federation. It can be expected that by the end of the spring, the departed companies will begin to return to the Russian market, maybe even new will lead.

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Gas is a vital product. EUROPE will not refuse him the next few years. Russia supplies 200 billion m³ of natural gas to the countries of the European Union. The EU uses it both for the heating of commercial and residential premises and for the work of enterprises. European countries will have to pay for gas in Russian rubles. I do not agree with this offered to go to court. In this case, as long as long judicial proceedings are going, the countries will remain without gas.

Suppose the EU countries nevertheless refused to deliver or disagree to pay in rubles. At the time of refusal or trial, the European Union will be disconnected from gas. Ahead of the warm season. During this time, with grief in half, the EU will last without gas heating. However, enterprises that worked on natural gas will stand. Next will be more difficult. There is no sufficient resources for the content of their countries. Also during the warm season, they are unlikely to get them in the right amount. The United States and other gas euselers will not be able to supply themselves and the European Union with sufficient natural gas. Their reserves are too small for this.

You can buy rubles only on the Russian Exchange or at the Central Bank, which himself determines the course of the Russian ruble. Recently, the ruble has strengthened. The reason is that the Central Bank has become beneficial a strong ruble, because now he will receive much more dollars and euros for him. This money will be paid to pay for foreign debts and the purchase of the necessary country of imported goods. The more the ruble will be exported from the country, the more it will be necessary to print. The more money supply in the country, the more investment in rubles. The more the domestic market, the faster the economy and the standard of living of the population is growing.

What do you think will have a positive effect on the Russian economy, the transition to the ruble in foreign trade?

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