Russian President Vladimir Putin and German Chancellor Olaf Scholz will hold further discussions on the purchase of Russian energy products in rubles according to TASS (Russian News) and western media. However, in the interim Russia will continue accepting payment in euros which will be exchanged for rubles by Gazprom bank.

(left) German Chancellor Olaf Scholz – (right) Russian President Vladimir Putin
The situation is ongoing, as an outcome of the G7 energy minister’s prior emergency meeting on Monday, where they demanded Russia continue accepting both euros and dollars for the payment of Russian gas and oil purchases. The current short-term resolution to continue accepting euros and dollars may not last long, as Russia is continuing to emphasize their demand that purchasing nations switch to rubles for future contracts.
Despite NATO, the G7 nations and western alliance agreeing to use economic and financial sanctions to block Russia from receiving dollars and euros. Inside the alliance, there appears to be a fear that if Russia is successful in creating a financial trade system based on rubles, the G7 may lose influence on energy policy via climate change.
Inside the western alliance, the geopolitical control mechanisms that use energy sector development are under stress. If global oil and gas is not exchanged in euros (European centric) or petrodollars (globally), the ability of the multinational agents to pressure climate change demands will be weakened.
With a decade-long civil war in eastern Ukraine preceding the current Russian operations, and with western forces supporting one side while Russia supported the other, it was always presumed -prior to the Russian military operations- that Vladimir Putin’s central goal was removing the NATO influence from eastern Ukraine.


