According to [Finance Minister Anton] Siluanov, the Russian authorities are working to avoid using the dollar in foreign trade, and start to carry out transactions in euros, rubles and other currencies.…
“The list of countries that want to reduce their dependence on the US currency is large and includes all states that have already suffered or those who fear suffering from the dollar’s extremism,” the author said....Fort Russ News
Major: Russia Responds to Sanctions – Will Phase Out Usd for All Foreign Trade
Paul Antonopoulos
See also
See also
“I can say now that our economy has become less dependent on oil prices and less dependent on the impact of sanctions. We have learned to respond to the restrictions that have been introduced, we have started to develop our own economy, our own industry and agriculture,” Siluanov told channel Russia-1....
IMPORT SUBSTITUTION: Russia Now Less Affected by Oil Prices and Sanctions – Russian Finance Minister
See also at FRN
1 comment:
Paul Craig Roberts recently said how the US is destroying itself, it's all backfiring on them -
"Now I will be my own devil’s advocate. When Trump saw how boxed in he was by the material interests of the ruling oligarchy, he decided to finish off Washington’s already diminishing influence. He appointed Nikki Haley as US ambassador to the UN, where she has done a supurb job of alienating every country in the world. Trump has infuriated Europe with tariffs, sanction threats, and orders to Germany not to go forward with the Russian/German natural gas pipeline. Trump followed up by treating the UN Security Council on September 26 as Washington’s footstool. Trump with threats and sanctions is driving Turkey, Iran, India, China, and North Korea into Russia’s arms, and he is driving Europe into independence. In a stroke of genius, Trump, despite his thoroughly neoconservative regime, is destroying Washington’s hegemony.
We might never know whether this result is an unintended consequence of arrogance and hubris or whether it is a clever strategy. But if it turns out the way it seems to be heading, Trump will go down in history as Trump the Great, the man who saved the world by dismantling American hegemony. "
Post a Comment