It is reported that on March 23rd, Russian President Vladimir Putin announced that the payment method of Russian natural gas export will be converted into the national currency ruble. On March 3 1 local time, Russian President Vladimir Putin officially signed a decree stipulating that from April 1 local time, "unfriendly countries" must pay Russian gas fees in rubles.
Little friends all know that since the outbreak of the military conflict between Russia and Ukraine, the NATO group led by the United States has not only failed to stop the development of the situation in Russia and Ukraine, but has fanned the flames everywhere, not only providing huge military assistance to Ukraine, but also imposing all-round and indiscriminate sanctions on Russia from the aspects of economy, finance and oil export, which has also made the situation in Russia and Ukraine more complicated and tense.
? ? Russia's insistence on using rubles to settle natural gas will affect the dominant position of the US dollar in the world. Little friends all know that the US dollar is the world settlement currency. Most commodity transactions between countries are settled in US dollars. All countries must have deposits in dollars. The more trade, the more dollar deposits. Therefore, the advantage of the dollar is closely related to the global trade in oil and other commodities. As we all know, Russia is an important energy exporter in the world. In the early stage, after Russia was subjected to economic sanctions by the United States and other countries, the ruble exchange rate suffered heavy losses. However, under the background that European countries rely heavily on Russia to export energy, a few days ago, Russia issued a "ruble settlement order", which made the ruble rise rapidly. On March 23rd, the US dollar fell below the mark of 1 USD 100 rubles. Therefore, Russia's trade in oil, natural gas and other commodities through rubles will make the ruble go out of the trough in the international market and affect the dominant position of the US dollar in the world.
? Russia insists on using rubles to settle natural gas, which will make the ruble play a greater role in international trade and help reduce the risk of western financial sanctions. As friends know, Russia is the largest country in the world and the second largest exporter of crude oil in the world, and its territory is rich in oil and natural gas resources. Because European countries import a lot of oil from Russia, they can't get rid of importing oil from Russia. In this case, with the increasing demand of European countries for Russian oil, the ruble, as a natural gas settlement currency, may settle with oil and other transactions, thus becoming one of the most important currencies in the world. After Russia announced its decision to trade natural gas with rubles, the ruble reached its highest point in three weeks on March 27th. It is predicted that other commodities exported by Russia, including oil, metals and grains, may be settled in rubles, which will further strengthen the position of rubles, thus weakening the dominant position of dollars and euros, making rubles play a greater role in international trade and helping to reduce the risk of western financial sanctions.
I believe that if the sanctions against Russia are further escalated, it may also trigger a serious crisis in the global economy, trade, finance and energy, making the already difficult world economy worse. Little friends also know that at present, the pattern of world hegemony and dominance of one family no longer exists, and no war or sanctions can bring peace to mankind.