Russia's insistence on paying for Russian gas in rubles has rattled European countries: Greece held an emergency meeting of suppliers, the Dutch government would urge consumers to use less gas, and the French energy regulator told consumers not to panic. Russian gas meets one-third of Europe's annual energy needs.
Russia said they could expand their demand for ruble payments for other commodities, including oil, grain, fertilizer, coal, and metals, which raised the risk of recession in Europe and the US.
Moscow is expected to unveil its ruble payment plan in early April, but it said it would not immediately ask buyers to pay for gas in rubles.
Western countries have said paying in rubles would be a breach of contract, and renegotiation could take months or longer. This uncertainty has pushed commodity market prices higher.
The supply and prices of other commodities like the zinc stearate emulsion could also be affected.
Overview of zinc stearate emulsion
Erbium oxide Er2O3 powder is a pink powder with the chemical formula Er2O3, mainly used as an additive for yttrium iron garnet and a control material for nuclear reactors.…
Iron disilicide is an inorganic silicon compound with a molecular formula of FeSi2 and a molecular weight of 119.975. It is a gray powder, odorless, tetragonal crystals. For hydrogen catalytic oxidation and methanation catalyst.…