Payment in Rubles for Gas: Towards a Full Blown Energy and Economic Crisis? – Centre for Research on Globalization

“This is a fight for a whole new international relationship and a return to multilateralism with respect to the sovereignty and equality of states, as envisioned after World War II, but now with incredible economic momentum to the general benefit. Everyone around the world understands that America and the West have been exploitative so far. We are now witnessing a new internationalism of liberation,” said Pavlović.

This sentiment was shared by Russian Deputy Foreign Minister Sergei Ryabkov who said that BRICS nations (Brazil, Russia, India, China and South Africa) will be at the center of a new world order and stressed that the demand for rubles “is not a change in the terms of [energy] contracts,” but rather “a protection of Russian interests.”

The West thought that it could economically collapse Russia, ignoring that sanctions failed to topple Saddam Hussein, Bashar al-Assad, Iran’s Ayatollah’s, Kim Jong-Un and Nicolás Maduro. Rather, sanctions have only forced an acceleration of the de-Dollarization of the global economy. In effect, the demand for rubles for gas is pushing forward a multipolar and more equitable global economic system.

Payment in Rubles for Gas: Towards a Full Blown Energy and Economic Crisis? – Global ResearchGlobal Research – Centre for Research on Globalization