The euro has tumbled near parity to the US dollar

Re:The euro has tumbled near parity to the US dollar by s1artibartfast on Monday July 11, 2022 @06:16PM (#32062764)

>Russia won't cut off gas despite it's threats because gas is quite literally one of the few revenue sources for the Russian economy. Much like Qatar, Russia would implode without Gas money.

Russia literally shut down Nordstream today for at least 10 days.

Getting paid for gas in Euros or dollars they can't spend is worse than not selling it.

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Re:The euro has tumbled near parity to the US dollar by mortenjorck on Monday July 11, 2022 @06:46PM (#32063131)

> Russia literally shut down Nordstrom today for at least 10 days.

Just to be clear despite autocorrect, Russia did not shut down a major western clothing retailer, but the Nord Stream 1 pipeline.

https://www.upi.com/Top_News/World-News/2022/07/11/nord-stre...

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Re:The euro has tumbled near parity to the US dollar by s1artibartfast on Monday July 11, 2022 @07:19PM (#32063450)

Edited, thank you

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Re:The euro has tumbled near parity to the US dollar by quonn on Monday July 11, 2022 @06:37PM (#32063038)

This is planned maintenance (so far) that was expected to happen and takes 10 days every year.

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Re:The euro has tumbled near parity to the US dollar by s1artibartfast on Monday July 11, 2022 @07:25PM (#32063510)

Planned maintenance announced with less than 1 week notice and within days of Putin doubling down on Ruble demands.

It is also worth noting that Gazprom has already stopped supplying gas to countries and companies refusing to bow to the rubles demand—Poland, Bulgaria, Finland, as well as some customers in the Netherlands, Denmark, and Germany.

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Re:The euro has tumbled near parity to the US dollar by hef19898 on Monday July 11, 2022 @07:15PM (#32063407)

And Canada gave green light to Siemens to deliver the blocked turbine. Sounds much less apocalyptic, doesn't it?

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