EU and Russia Reportedly Agree to Ditch Greenback in Bilateral Transactions
- Is this what the Gulf of Oman False Flag really about? USA: “You abandon the dollar, we will ignite WW3!”. American hegemony over Europe is over!
– - EU and Russia Reportedly Agree to Ditch Greenback in Bilateral Transactions
by https://sputniknews.com/
The decision comes a few days after Russian President Vladimir Putin slammed the US dollar as a tool of pressure while speaking at the St. Petersburg International Economic Forum (SPIEF).
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Russian Finance Minister Anton Siluanov and Maros Sefcovic, vice-president of the European Commission for the Energy Union, have agreed to set up a working group that will deal with a transition to using the rouble and euro in bilateral payments, Russian media outlets reported, citing Siluanov’s spokesman, Andrei Lavrov.
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Both sides have reportedly emphasised that the use of national currencies will be mutually beneficial, as it reduces certain risks for entrepreneurs in Russia and the EU. During their meeting, Siluanov and Sefcovic are said to have discussed the issue of the participation of European businesses in the implementation of national projects in Russia, with the finance minister saying that Moscow is interested in cooperation and sees no obstacles to the involvement of foreign companies.
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Siluanov has likewise briefed Sefcovic on concrete measures taken by the Russian government aimed at the improvement of the investment climate in the country and trade liberalisation.
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The reported agreement comes on the heels of remarks by Russian Economy Minister Maxim Oreshkin, who told Bloomberg TV last week that the greenback was gradually losing its share in the world market.
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“China, Turkey and other major partners are increasing their share in euro, as well as Europe. The dollar is gradually and inevitably losing its share in the world market. This concerns not only Russia, but the whole world as well”, he said on the side-lines of the St. Petersburg International Economic Forum (SPIEF).
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At the same event, Russian President Vladimir Putin also stressed that since becoming the global reserve currency, the US dollar has turned into a “tool for the issuing country to put pressure on the rest of the world”.
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