Russia’s Putin drafts bill to dump dollar, euro from CIS trade

A statement from the Kremlin said that Putin submitted to the State Duma a draft federal law which seeks an integrated currency market in the CIS. Continue reading

Putin says dump dollar

 

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.

This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

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Moscow & Cairo to drop USD, use national currencies in bilateral trade – Putin

Now that the Mubarak regime through political allies is back in power after restoring the country through military channels, it likely has a score to settle with Washington and how it’s going to do this is through partnering with Russia (and possibly China). Russia already has military deals in the pipeline (See also HERE) with Egypt. Once the military deals begin and the country is stabilized once more, look for further political and economic cooperation like we see here. It doesn’t look like America is heeding the call to protect its interests in Egypt and stop the spread of neo-Soviet influence.

 

Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country.

The issue of abandoning the dollar in trade is “being actively discussed,” Putin told Al-Ahram daily newspaper ahead of his two-day trip to Egypt. The Russian president was invited for a bilateral meeting by his Egyptian counterpart Abdul Fattah al-Sisi. Continue reading

Some 40 states plan to create free trade zone with Eurasian Economic Union — lawmaker

 

Russian parliament’s lower house speaker said those considering the Eurasian Economic Union a threat only confirm that a new and serious geopolitical player is indeed emerging in the world

ASTANA, November 24. /TASS/. Around 40 states have plans to establish a free trade zone with the Eurasian Economic Union (EEU), the speaker of Russia’s lower house of parliament, the State Duma, Sergey Naryshkin, told an international conference in Kazakhstan’s capital Astana on Monday.

“Five countries of the Commonwealth of Independent States (CIS) have already made a Eurasian choice, and another 40 countries across the world have officially voiced their wish to set up a free trade zone with our integration association,” Naryshkin said. Continue reading