The Russian-state-owned energy company Gazprom is making a deal to sell natural to China using their own currencies, the ruble and the yuan. The move is a bid to create a world-currency counter to the current world currency, the American dollar.
Russia’s Gazprom said on Tuesday it had signed an agreement to start switching payments for gas supplies to China to yuan and roubles instead of dollars.
The shift is part of a push by Russia to reduce its reliance on the U.S. dollar, euro and other hard currencies in its banking system and for trade – a drive that Moscow has accelerated since it was hit with Western sanctions in response to its invasion of Ukraine.
Aug 10, 2022President Joe Biden is China’s and Russia’s biggest ally in “dedollarizing” the world. Russia’s ruble, although showing surprising strength of late, is tied to a country in long-term—and …
Jul 25, 2022 “The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” Vladimir Putin said at the BRICS business forum last month. And of course, as Russia has been cut off from the SWIFT system, it is also pairing with China and the BRIC nations to develop “reliable alternative mechanisms for international payments” in order to …
Jun 24, 2022 Russia is ready to develop a new global reserve currency alongside China and other BRICS nations, in a potential challenge to the dominance of the US dollar. President Vladimir Putin signaled the …
In 2019, Russia and China signed a treaty to use national currencies in mutual trading. This added to the gradual reduction in the dollar’s traffic – from 90 percent in 2015 to only 46 percent …
Aug 1, 2022 THE RUSSIA-CHINA CASHLESS CURRENCY At the same time, Russia and China are planning their own financial system after NATO weaponized ours. Russia and China have confirmed that they are creating a new world reserve currency based on a basket of currencies at BRICS. Countless nations are buying into it. The new currency system – built out of a …
Back FREEDOM for only $4.95/month and help the Freedomist to fight the ongoing war on liberty and defeat the establishment's SHILL press!!
Are you enjoying our content? Help support our mission to reach every American with a message of freedom through virtue, liberty, and independence! Support our team of dedicated freedom builders for as little as $4.95/month! Back the Freedomist now! Click here
