Germany has seized control of Gazprom Germania

Post by JumpCrisscross » Tue, Apr 05, 2022, 1:45 PM UTC

rswail wrote: post #156

JumpCrisscross wrote: post #77

Earlier quoted context omitted.

> outrage over buying from Russia while turning a blind eye to Arab monarchies seems rather perfomative The Arab monarchies largely keep their messes in their own backyards. When there has been leakage, it has been limited. Russia rolling tanks into Europe is so harebrained it creates a new category of security risk we haven’t had close to home in a while: that of a madman.

I wouldn't call 9/11 "limited". Nor is Yemen, or, earlier, Syria, Iraq, Lebanon, Iran etc. The fundamental of all of these is oil and now, gas. Removing the demand for these will remove the necessity of engaging with these propped up monarchies and autocracies.

Post by JumpCrisscross » Tue, Apr 05, 2022, 1:48 PM UTC

laurent92 wrote: post #179

tazjin wrote: post #138

Earlier quoted context omitted.

From what I've read, the contracts between Gazprom Germany and Gazprom Export (on the Russian side) do not have a fixed settlement currency. > This would have allowed them to require payments in Rubles instead of Euros "allowed" is a funny word - this situation is way past a point where cross-border contracts on either side hold any legal value. How are you going to hold anyone accountable for breach of contract?

Doesn’t the ITO (International Trade Organization) regulate international contacts with allowed and non allowed sanctions? I think Western states are currently tied to it, they can’t just impose “whatever” sanctions, and if we don’t, it would be legal for Russia to impose sanctions upon us. Currently Russia has no right to sanction us, so anything they do is a further breach of ITO, which further deepens their case.…

Post by JumpCrisscross » Tue, Apr 05, 2022, 1:49 PM UTC

zmgsabst wrote: post #169

maratc wrote: post #163

Earlier quoted context omitted.

> It also has contracts with Gazprom in Russia with guaranteed Prices and Deliveries. Is anyone under an illusion that Gazprom in Russia will honor these contracts, now that their branch was seized? And if not, what methods are there to enforce these contracts? The Russians seized the planes, which can fly but need spares and checks. The Germans seized the pipelines and the storage. Both have some utility in the inte…

“We seized your property under exigent circumstances, but you better honor your contracts rather than cancel them under exigent circumstances!” - NATO, apparently delusional The idea people will “honor” contracts while you’re (illegally) seizing their property in effort to enact an economic siege of their nation is mental illness — either delusions or megalomania. That strategy doesn’t make sense. I’m personally sad…

Post by baybal2 » Tue, Apr 05, 2022, 1:50 PM UTC

Barrera wrote: post #225

> Russian gas accounted for 55% of Germany's gas imports in 2021 and 40% of its gas imports in the first quarter of 2022, Reuters reported. The country has pledged to end the use of Russian gas by 2024, the Habeck said in a March 25 press release. Some in this thread have asked how Germany could be so foolish to tie its economic destiny to such a problematic country as Russia. The answer seems to be "one step at a ti…

Post by foepys » Tue, Apr 05, 2022, 1:50 PM UTC

cf141q5325 wrote: post #111

LAC-Tech wrote: post #29

This doesn't make sense to me. Can i get an explanation? The German state seized a local German branch of the Russian Gazprom company. In order to secure its energy supplies... which come from Russia. Are they in essence capturing some reserves?

I read a great reader comment on the topic (also in German so try DeepL) https://blog.fefe.de/?ts=9cb54d35 Its a political push and pull about who defaults on the existing contracts on gas import, seeing as Russia wants to be payed in ruble now, while Germany would prefer the payments to be stuck on a EU bank account as a form of reparation payments to the Ukraine. To prevent this outcome, Russia in effect might be l…