(Video Inc.)Another countermove on the global chessboard: Iran and Russia to establish joint bank circumventing Western sanctions

Greetings,

This is desperation time for the falling empire. Her plans in Ukraine are going up in smoke, because that nation needs more money(money that sage doesn’t have to give) to help stave off the very real possibility of total economic implosion, or else face bankruptcy and become an even heavier economic noose tied around the empire choking the last bit of economic life out of her.

In South America the nations are fighting back against her economic threats and provocations. They are denouncing her policies and moving more towards Africa and Asia. This is the speeding up of the loss of friendship for this isolated super power.

Those nations in Europe that were forced into sanctioning Russia, by America, they are now facing economic collapse. Their own citizens and farmers are rioting and protesting showing their dissatisfaction of their government policies.

This means division. This means dissatisfaction. This means that the atmosphere is untenable. This is the kindling up of war.

 Now more nations are moving against US hypocrisy and imperialism by moving against her greatest leverage and power…the dollar. This is another part of unintended consequences blowing back against empire.

Another countermove on the global chessboard: Iran and Russia to establish joint bank

euro dollar poundIran and Russia plan to establish a joint bank as an effort to multiply bilateral trade and bypass sanctions on the Islamic Republic’s banking sector.

http://youtu.be/H1gK9nPzfsc?list=PLNB-69ClKQNUT496KIIUSl6kq1AZlB9L1

Head of the Iran-Russia Joint Chamber of Commerce Asadollah Asgaroladi said that Tehran and Moscow are studying the possibilities of opening a new chapter in trade relations that could break the domination of Western currencies over bilateral exchanges.

“Since Russian banks fear the implications of working with Iran due to sanctions, we want to establish the joint Iran-Russia bank with the help of our central banks and private sectors,” Asgaroladi said.

“Such a bank would be able to exchange money between the two sides using rials and rubles and put aside dollars, euros and pounds,” he added.

Unilateral sanctions imposed on Iran’s banking sector by the US and the European Union over Tehran’s nuclear energy program and the recent Western bans against Russia over Ukraine have prompted the two countries’ trade officials to boost economic cooperation.

Iran’s President Hassan Rouhani and his Russian counterpart Vladimir Putin have held four meetings on different occasions after the Iranian president took office in 2013.

“We are responsible for our nation’s prosperity. Before the sanctions, we had 150 billion euros of deposits in the banks of West and Europe. When they sanctioned us, we transferred the money to other countries exactly where they don’t want to be,” Asgaroladi said.

Iran’s Minister of Economy Ali Tayyeb-Nia said the Islamic Republic has already traded with some of its partners through the exchange of national currencies and will welcome the plan to establish the joint bank with Russia.

“I’m glad that our country is less dependent on several currencies and this process will continue in the future,” Tayyeb-Nia said.

In September, Iran and Russia agreed to use national currencies in bilateral trade.

Source: www.sott.net

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