German economy minister says gas supplies are safe for now, as Russia’s top lawmaker suggests fertiliser, grain and other commodities should be paid for in roubles
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Germany has declared an “early warning” that it could be heading for a gas supply emergency and said the measure was aimed at preparing for a possible disruption of natural gas flows from Russia.
If you want gas, find roubles.
Moreover, it would be right, where it is beneficial for our country, to widen the list of export products priced in roubles to include fertiliser, grain, food, oil, coal, metals timber etc.
Russia’s attack on Ukraine is driving up not only energy costs, but also the price of many agricultural raw materials.
This makes it likely that the rate of inflation will rise to well beyond 5% this year. Germany hasn’t experienced such a spike in over 40 years, not since the rate of inflation climbed to 6.3% following the second oil crisis in 1981.