... to the Federal Government, demanding that payments for the deliveries of Russian gas to “unfriendly nations” be switched into rubles is a
measure of necessity
that will affect many contractual clients. The decision was prompted by the seizure of Russia’s dollar- and euro-denominated foreign assets, a total of USD 300 bn worth. By taking this step, the West has effectively defaulted on its own debt commitments to non-residents.
When Western states banned taking dollars and euros into Russia, they have ...
... rather differentiating reflections upon the current trends by those, with whom I communicate in my parallel life. On the one hand, energy gurus, of course, actively participated in the survey after the events in Vienna (by the way, nobody pushed the non-Russian experts to talk his way, but they’ve made a couple of revealing comments regarding the true role played by the Saudis).
On the other hand, however, ever more willingly, they discussed with me (perhaps, because of their open-mindedness) the sort ...
... currency for what I like to call R6.
Some may think where US dollar ends in R; Renminbi will start with a new R., In reality, the time it will take, and the obstacle with which Renminbi has to overcome to directly challenge or offer an alternative to US dollar are long and rather not straight.
However all of these countries or the R6 have a currency that starts with R: the Chinese Renminbi, Russian Rouble, India’s Rupee, Brazils’ Real, Iran’s Rial and South Africa’s Rand.
So why not considering a new currency called R6 or
Robust, Resolve, Relay or Reform
?
Establishing a new currency purpose oriented for trade among these six economies ...
