That has to change, because Russia and other emerging powers planned abandonment of petrodollars an

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Topic: Russia to send a link to send text article print PDF as economic sanctions against Russia promote blade brown bags and boxes 2 free download bilateral trade and finance outside the realm of the US dollar Dedolarizace Rakesh blade brown bags and boxes 2 free download Krishnan Simha (more about the author>) October 6, 2014
Western sanctions have the unwanted effect. Accelerate the birth of a parallel ecosystem where countries affiliated to the West are able to function without the constant threat of sanctions. Without control of the West gives this alternative platform Attraction surprisingly fast pace.
At the beginning it is worth noting that Western companies have large exposure in Russia. In contrast, Russia is primarily an exporter of commodities like oil, gas, metals and minerals, for which there is great demand - especially for hungry markets in Asia. And the main thing: while Western consumer and capital goods can be replaced by products from Asian manufacturers, Russian commodities is the lifeblood of both Asia and Europe. Step SWIFT
The shift toward non-Western world is happening fastest blade brown bags and boxes 2 free download in finance. This is hardly surprising, blade brown bags and boxes 2 free download since financial flows are easier to redirect - and replace blade brown bags and boxes 2 free download - than, say, a shipment of coal or oil tanker.
Among the dozens of sanctions directed against Russia was the most extreme designed by Britain, which pushed the leaders blade brown bags and boxes 2 free download of the European blade brown bags and boxes 2 free download Union, Russia to block access to bank transaction system SWIFT. In Belgium-based SWIFT, which stands for Society blade brown bags and boxes 2 free download for Worldwide Interbank blade brown bags and boxes 2 free download Financial Telecommunications, the main artery of the financial world.
Restrictions blade brown bags and boxes 2 free download on the use of SWIFT Russians would undoubtedly undermine the financial and business activities in the country, but according to Richard Reid from the University of Dundee in Scotland that can have long-term downsides. "A large part of Russia's international payment flows would be transferred to the much less monitoring and measurement of financial channels, and the future beyond any sanctions," he told Bloomberg News.
Although German Chancellor Angela Merkel British proposal quickly rejected as too extreme damage already incurred. Moscow is now abundantly clear that the evil twins US-Britain are not satisfied with symbolic sanctions, but I really want to destroy its economy. For the anticipation blade brown bags and boxes 2 free download that wound its financial jugular Russia came in July with the law that would create a local equivalent of SWIFT.
Penalties also strengthen the synergy between Russia and China. Vesti Finance states that the sanctions to restrict access to finance Russia will have almost no sense, because Russian companies find the necessary money in China. A Chinese are eager to increase the impact of the renminbi and transform it into a world reserve currency. Dedolarizace
The shift towards parallel payment system blade brown bags and boxes 2 free download is going to depleting them in tandem with the US dollar, to which the entire US economy - and hegemony - stands. The dollar status as a reserve currency stands on the fact that it is the only currency accepted in the oil market, which is why it is also known as the petrodollar.
That has to change, because Russia and other emerging powers planned abandonment of petrodollars and reserve statute dollar. But because the dominance of the dollar in oil trade so big, you will need someone really big that knocked him down.
Sometimes inappropriate heavy weight is Gazprom. Kommersant says that the Russian company began sending oil from the Arctic and that tankers arrive in European ports this month, when payments are in rubles. Gazprom will also supply oil through the pipeline Eastern Siberia-Pacific Ocean (ESPO) and will accept payment in the Chinese renminbi.
Citing Voice of Russia blade brown bags and boxes 2 free download Zero Hedge stated that the Ministry of Finance of this country is ready to give the green light for a radical plan to increase the role of the ruble in export operations, while it will reduce the share of transactions denominated in dollars.
As Zero Hedge says: "The more the West alienating Russia, and the more sanctions it imposes, the more Russia will be forced to retire from the business system denominated in dollars and go to a system facing China and India."
It is worth noting that the contract with China for Siberian gas in the amount of $ 400 billion - which Moscow and Beijing have argued for more than a decade - was finally signed blade brown bags and boxes 2 free download in May 2014, after having been launched Western sanctions. Army: Onen nervous feeling
It is an indicator of a lack of thought in France and in Germany, when they are so easy to manipulate the US and Britain for failure to comply blade brown bags and boxes 2 free download with military blade brown bags and boxes 2 free download contracts that have been signed blade brown bags and boxes 2 free download with Russia. Leaving aside the incorporated fine, it is certain that the breach of contract rattles other buyers. blade brown bags and boxes 2 free download
If France and Germany are planning to ward off its customers in the arms, then what is