BEIJING, October 14 (RIA Novosti) - Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.
The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis.
"Yesterday, energy companies, in particular Gazprom, raised the question of using the national currency. We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans," Putin said.
He stressed that "there should be a balance here."
On Tuesday, Russia and China agreed terms for Russian gas deliveries at a level of up to 70 billion cubic meters a year. China also imports oil from Russia.
The Russian prime minister said the issue would be addressed among others at a meeting of Shanghai Cooperation Organization (SCO) finance ministers, who are to convene before the end of the year in Kazakhstan.
Britain's Independent newspaper reported last Tuesday that Russian officials had held "secret meetings" with Arab states, China and France on ending the use of the U.S. dollar in international oil trade.
The countries are reportedly seeking to switch from the dollar to a basket of currencies including the euro, Japanese yen, Chinese yuan, gold, and a new unified currency of leading Arab oil producing countries.
The Independent said the meetings have been confirmed by Chinese and Arab banking sources.
LINK HERE
Just another event the MSM media won't tell you about. They are planning behind closed doors to crucify the dollar. When it loses its reserve currency status look out below.
ReplyDeleteWe have been hearing of these threats for a long time. When are they actually gonna do it?
ReplyDeleteKeep preparing for a very different world.
ReplyDeleteEvening falls
ReplyDeletein a gambling town
the local saloon
settlement outside
the nights debits and credits
business routine
but some fall short
accounts must be settled
shortages not allowed
irresponsible betting
foolhardy monetary policy
stand in the street
so the bystanders won't get hit
They are doing it. Read the article, research the evidence. Finally, yes, they are doing it. Zimbabwe here we come.
ReplyDelete@ 4:44
ReplyDeleteYou are correct in that "threats" to do such have been happening for a few years now. However, the article points out that they actually "are" doing it now.
So yes it is happening now. Other countries will soon follow because Russia and China are military giants the US wont do or say anything. But when you had Iraq do the same thing 10 years ago we all of a sudden "discovered" WMDs in their country hence the attack (wink, wink)
Now that Iran had choose to accept a basket of currencies for their oil in 2006, er, uh, I mean now that wwe discovered nukes in Iran we will have to attack them too.
You see, now that Russia and China are walking away from the table smaller countries will now do the same.
It is not happening now as it is mentioned in the article they will have an expert examining the proposal first before going forward. We still have a long way to go. The Article with The supposed secret meeting that was held by Russia, China, France and Arab countires (which they have denied), does mention that it will take them 10 years to move away from pricing oil in US $$.
ReplyDeleteWe have a completely corrupted monetary and banking system. 17 trillion extra dollars ready to flush away the dollar value as soon as the Rothschild controlled banks get the word. Prepare for the death of the dollar in weeks or months at best, not years. Reserve or not.
ReplyDeleteThere are certain steps taken to tackle the problem of
ReplyDeleteCurrent Heating Oil Prices,
Home Nozzles Oil Burner,Home Oil Deliveries maintaining the reserves where excessive amount of oil has been kept preserved for critical days.