Payments for LNG supplies could be settled in national currencies, the head of the Russian firm has revealed LNG terminals in Surat, Gujarat India. © Getty Images / Puneet Vikram Singh, Nature…
The greenback has become unreliable, Anton Siluanov has said © Getty Images / Chad Springer Russia no longer has trust in the US currency because it has become an unreliable financial instrument,…
Forget takedowns in the paper market because Putin is going to make gold be the center of the new monetary system. Gold, Putin, Tolstoy And Thomas JeffersonFebruary 4 (King World News)…
February 02, 2023 As we continue to kickoff what promises to be a wild year in financial markets, one thing is certain, chess master Putin is moving closer to destroying…
CC0 / / Andrei Dergalin All materialsWrite to the author While the dominance of the US dollar in the world may be waning, it seems unlikely that another currency may replace…
Refusal to use the greenback for oil payments around the world could undermine the US economy, a former White House official has said © Getty Images/Comstock The US is facing serious…
CC BY-SA 3.0 / Revisorweb / Hundred dollar bill Ekaterina Blinova All materialsWrite to the author On January 25, Russian Foreign Minister Sergey Lavrov told journalists in Angola that BRICS, an acronym for Brazil,…
© Sputnik / Igor Zarembo / Go to the mediabank MOSCOW (Sputnik) – Turkey has successfully completed a transaction and paid for Russian grain in rubles, and now Moscow is…
A Ukrainian tank fires at Russian positions near Kreminna, Lugansk region, on January 12, 2023. (Photo by AFP) US monetary control of the world will collapse if Russia resists Washington’s…
In recent years observers in many different countries have been warning ever more insistently about the inevitable collapse of the dollar – which Washington has inflated far above its true…
The sides are reportedly developing cooperation strategy to replace the US dollar and the euro in settlements © Getty Images / Bloomberg Creative Photos Russia and African nations are moving towards settlements…
Moscow and Beijing are trying to rely less on Western financial instruments as their relationship grows stronger, Russia’s foreign minister says © Getty Images / alexsl Half of the trade turnover…
© Wu Hong Subscribe International India Africa PRETORIA (Sputnik) – The BRICS club of emerging economies wants to find a way of bypassing the dollar to create a fairer payment…
CC0 / Pixabay/qimono / Oleg Burunov All materialsWrite to the author Russia and Iran started to expand the use of national currencies in foreign trade settlements last year against the backdrop…
BY TYLER DURDEN One week ago, in his latest – and arguably most important note of 2022 – Credit Suisse repo guru Zoltan Pozsar discussed the two key anchors of the Bretton…
CC0 / / Oleg Burunov All materialsWrite to the author December saw Chinese President Xi Jinping meet the leaders of Saudi Arabia and the Gulf Cooperation Council nations. Xi said at…
Beijing’s cooperation with the Gulf states marks the emergence of the petroyuan, Credit Suisse told the outlet © AFP / Fred Dufour The global energy order is being reshaped as deepening energy…
© Sputnik / Mikhail Voskresensky / Go to the mediabank MOSCOW (Sputnik) – Russia’s largest bank, Sberbank, plans to launch a branch office in China by the end of 2023,…
The key national reserve no longer holds British pounds or Japanese yen © Getty Images / alexsl The maximum share of Russia’s National Wealth Fund (NWF) that can be held in Chinese…
BY TYLER DURDEN Authored by Victor Xing via The Mises Institute, Executive Summary In the near term, China’s reopening and buying of ESPO crude would likely erode the role of…
The National Wealth Fund, which accumulates revenue from the country’s energy exports, has been growing this year © Getty Images / Bloomberg Creative Russia’s Finance Ministry intends to replenish the National Wealth…
The state-backed NFT platform will reportedly be built on a blockchain © Getty Images / piranka China is preparing to launch its first state-backed non-fungible token (NFT) marketplace as it continues to…
Time is money concept with one hundred dollars note and clock face on it. Michelle Jamrisko and Ruth Carson USD=X0.00% (Bloomberg) — King Dollar is facing a revolt. Most Read…
BY TYLER DURDEN Authored by Con Coughlin via The Gatestone Institute, Nothing better illustrates the utter ineptitude of the Biden administration’s dealings with the Middle East than Saudi Arabia’s decision…
The two countries have launched a mechanism for mutual settlements in national currencies © Getty Images / Sadik Demiroz Moscow and New Delhi have agreed to move away from the dollar and…
As we head into 2023, Bretton Woods III is now upon us. Inflation, recession, and declining US hegemonyDecember 22 (King World News) – Alasdair Macleod: In the distant future, we might look…
By Global Times Photo:XinhuaChina’s US Treasury holdings fell to a 12-year low in October, marking the second straight month of cuts and leaving its holdings below $1 trillion for the…
The president calls the currency “one of the strongest in the world” © Getty Images / Lesya Serebryantseva / EyeEm The share of ruble transactions in Russia’s foreign trade has doubled since…
The two countries will be testing a new payment mechanism using rupee settlements, New Delhi has said © Getty Images / Peter Dazeley India will start using the rupee in trade…
Saudi Crown Prince and Prime Minister Mohammed bin Salman, forth right, greets Chinese President Xi Jinping, after the group photo, during the Persian Gulf Cooperation Council (GCC) Summit, in Riyadh,…