Russian energy giants launch counter-strike to US sanctions by dumping dollar transactions

Greetings,

Russia has become fed up with American economic adventurism. These nations are vying for primacy over the others one. This drive to overcome the other one is pushing them closer and closer towards war.

Both are positioning themselves politically to gain clout over the other. Both have been positioning military forces in a bit to posture for first strike advantage. And now both of these powers are engaged in an open and publicized energy & economic war!

We see constant chipping away at the dollar’s throne of global supremacy. America is trying her best to stop the death of the dollar, but it’s dying by a thousand cuts as we can see below.

Gazprom Neft To Continue Oil Supplies Abroad For Non-Dollar Currencies

Putin highlighted that Gazprom Neft has already recently supplied oil to China and accepted payment in rubles.
(RIA Novosti) – Russian oil producer Gazprom Neft will continue accepting payments in rubles for oil shipments abroad, Gazprom Neft Director General Alexander Dukov told journalists on Friday.
“We will go ahead with this practice and will increase the supply volumes for rubles, yuan, and other non-dollar currencies,” Dukov said.
According to Dukov, the State should also work in this direction and increase ruble liquidity, create special stock exchanges, and establish independent media organizations focusing on price assessments.
On Thursday, Russian President Vladimir Putin said that Russia aims to use national currency when trading energy resources and for other transactions with China and other countries. Putin highlighted that Gazprom Neft has already recently supplied oil to China and accepted payment in rubles.
According to data from the Moscow stock exchange, the yuan-ruble trading volume in August amounted to 27 billion rubles ($700 million), which is a new monthly record.

Click here for reuse options!
Copyright 2014 Hiram's 1555 Blog