Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Russia & EU on Path to Cut Out the Dollar by Boosting Settlements in National Currencies

February 13, 2020 by mosesman
© Getty Images / Eskay Lim
  • Russia & EU on Path to Cut Out the Dollar by Boosting Settlements in National Currencies
    by https://www.rt.com/
    With the number of non-dollar deals rising, Moscow and Brussels are discussing ways to boost the volume of settlements in euros or rubles, says Russia’s envoy to the EU Vladimir Chizhov.
    –
    The talks about the switch-over come as the greenback still remains a “powerful weapon” of the US, the permanent representative to the EU said in an interview with Sputnik. Sanctions are another tool for Washington, as foreign companies dependent on the American market have to stop dealing with firms, as well as whole countries, that the US targets.
    –
    “We have dialogue [about switching to rubles and euro in settlements], and the share of settlements in euros is gradually growing,” Chizhov said.
    –
    However, turning away from the US currency is tough, especially when it comes to energy exports, according to Chizhov. This is because oil is usually paid for in dollars, as the trade is channeled through the global market, he points out.
    –
    “Everything is not so easy, even despite the desire by both sides [to increase the number of settlements in euros or rubles], and especially given that major European energy companies have not been very eager to conduct settlements in euros so far,” the official explained.
    –
    Both Russia and the EU have common economic and political interests, but the existing anti-Russian sanctions hamper bilateral cooperation, Chizhov stressed. However, the European restrictions are off the table, and Moscow is not going to ask to lift them until Brussels has enough political will to “break the deadlock.”

end

Post navigation

Previous Post:

Sudden Militarization Of Wuhan’s P4 Lab Raises New Questions About The Origin Of The Deadly Covid-19 Virus

Next Post:

Coronavirus Death Toll Leaps in China | The Straits Times

Pages

  • About

Recent Posts

  • Israel Forced into Ceasefire by US Pressure, Depleted Defences: Analysis
  • Iran Shocks Trump, Says ‘No Ceasefire’ After Meeting Putin; US On Back Foot After Qatar Base Attack?
  • ⚡ ALERT: “CEASEFIRE” is Likely a FAKE Ploy, Very DANGEROUS Days Ahead!
  • Douglas Macgregor – The War in Iran Is Just Beginning
  • Explosions As Iran Attacks Another U.S. Ally Nation After Bombarding Qatar U.S. Base? Iraq Says…
  • John Mearsheimer: Nukes of Russia & China in Iran! This Is Far More Dangerous Than Anyone Realizes
  • Iran’s Multi-Warhead ‘Monster’ Ravages Israel; Ghadr-H Missiles Fired For First Time | Watch
  • ‘Early Phase Of WW3’: What Happens When Iran Retaliates? | Doomberg
  • Iran Unleashes Drone Storm On Israel; Defies Trump Ceasefire, IDF Bombards Tehran || ‘Won’t Stop Firestorm’: Iran REJECTS Trump Ceasefire; Launches Big Attack On Israel
  • ‘Khamenei Emerged Stronger’: Moscow Praises Tehran; Putin To Gift Nuke Warheads To Iran?
  • 15 Big Retailers Closing Down Stores Right Now
  • Brian Berletic: Trump’s Deceptions & War Against Iran
  • US Bombed Iran’s Empty Nuclear Dens? Netanyahu Rushes to Bomb Fordow Again As US Fails to Convince
  • Gilbert Doctorow: U.S. Bombing of Iran as Political Theatre?
  • Bank of England Unloading Its Rotten Gilt Portfolio to Unsuspecting Investors.
  • Tehran’s Strait Of Hormuz Plot Stumps Trump; Houthi-like ‘Blockade’ To Cost The World?
  • After Iran’s BLITZ, Israel BACKS OUT? ‘Netanyahu Waves White Flag, Asks To End War’ | Watch
  • Iran Reportedly Agrees To Trump-Backed, Qatari-Mediated Ceasefire With Israel
  • He’s EXPOSING How Hollywood is COLLAPSING in Real Time, And It’s Never Coming Back | Redacted
  • Pepe Escobar: Iran STRIKES US Base in Qatar, Warns DEVASTATING Response Not Over
  • Iran Unleashes ‘KILLER KHYBER’ On Israel; ‘Huge Damage Confirmed,’ IRGC Boasts | IDF ‘In Shock’
  • ***** FLASH TRAFFIC ***** Air Defense Missiles Installed Around White House
  • Putin’s SHOCKING ’Threat’ To Trump, Netanyahu After Iran Nuclear Sites Attack; Meets Khamenei Aide
  • 🔴 BREAKING! Martin Armstrong’s TERRIFYING Iran War Prediction (PREPARE FOR THE WORST)
  • “END THE FED NOW” Here’s How The Federal Reserve is FUNDING These ENDLESS WARS | Redacted
  • Gold Repatriation and Physical Demand Is Wrecking COMEX’s Paper Game.
  • INSANE: MORE ATTACKS ON IRAN IMMINENT! – Media Pushes “Sleeper Cell” Story! – Iran KNEW Of Attack!
  • Major Escalation! Iran Strikes Back, Putin Issues Major Threat To Israel And U.S.

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
February 2020
M T W T F S S
« Jan   Mar »
 12
3456789
10111213141516
17181920212223
242526272829  
© 2025 Socio-Economics History Blog | WordPress Theme by Superbthemes