Rubles, yuan and euro against the dollar: three for one
According to experts of the "West Shore Group", which leads the newspaper Kommersant, the rapprochement of Russia and China can negatively affect the position of the dollar as the world reserve currency - in the event that the dollar is excluded from the calculations for the signed gas contract.
The West Shore Group expert says: “Taken separately, this does not mean the end of the dollar as the main global reserve currency. But in the context of many other events taking place in the world, from the disappointment of Saudi Arabia with the movement of American foreign policy towards Iran to the insatiable appetite of China for gold, this could mean steps to move away from the dollar. ”
According to the expert, today the status of the dollar as a world reserve currency allows the US to borrow large sums, living beyond its means. Therefore, the “distance” can also look like a catastrophe (for the dollar). After all, the events mentioned above relate to the global financial market.
As a business newspaper recently reported RBK Daily, Gazprom Neft has offered its foreign partners to switch to settlements in rubles.
“We sent proposals to consider the possibility of settlements in rubles and we are waiting for a reaction from our consumers,” said Alexander Dyukov, General Director of Gazprom Neft.
According to him, Belarus and Kazakhstan confirmed their readiness to pay in rubles.
Rubles - this is not all that can harm the dollar.
Mr. Dyukov added that Gazprom Neft had signed supplemental agreements with partners. We are talking about the transition to calculations in euros. And 95% of clients agreed to this offer! But where are the other five percent? This is probably Asian partners. According to Dyukov, they are ready to switch to calculations in yuan.
26 June стало известноthat does not exclude the transfer of settlements with counterparties to the euro and LUKoil.
“We do not exclude (the transition to the euro. - Ed.), But today the trade in our goods is based on dollars. Any transfer to another currency is possible, we are preparing similar scenarios, but at the first stage this will entail additional expenses, ”said Alexander Matytsin, senior vice president of finance for the company.
He also noted that the company receives 60% revenue in dollars, 40% - in rubles. “Our commitments are in dollars, we also receive revenues in dollars, so there may be additional costs,” he noted.
In the same piggy bank positive News There is also information about Rosneft.
Back in mid-May, the head of OJSC Rosneft, Igor Sechin, became the chairman of the board of directors of CJSC St. Petersburg International Commodity and Raw Materials Exchange. Sechin has already said that the exchange has become a leader in the oil products market, and it has the opportunity to create an independent price index for Russian oil. This site writes "Live Energy".
SPIMEXB - the largest commodity exchange in Russia. The board of directors, in addition to Sechin, includes representatives of OAO Gazprom, OAO Russian Railways, OAO Zarubezhneft, OAO Tatneft, OAO Transneft and OAO Surgutneftegaz.
Sechin emphasized that there is an opportunity to create an independent price index based on export contracts for Russian oil, which are concluded with Europe and with the countries of the Asia-Pacific region.
Such a statement suggests the same idea of calculations for energy resources, if not in rubles, then in euros and yuan.
According to Michael Thomas (Michael Thomas), who leads Mixednews.ru, the petrodollar has already staggered.
The economic adviser to the Russian president believes that the United States is trying to provoke Russia's military invasion of Ukraine. Kiev junta - bait, which should bite Putin. If successful, Washington will receive a number of advantages. First, the opportunity to introduce new sanctions against Russia and immediately write off American obligations to Russian structures. Secondly, Russian companies will not be able to service their obligations to European banks. Such a political scenario will recur in the European Union: the projected cumulative losses, as Glazyev calculated, will exceed one trillion euros. The EU economy will get hit, and the US will be the only "safe haven" in the world. Gazprom, crushed by sanctions, will lose the European market, and more expensive American LNG will arrive there. Next, the White House will begin to command in Europe, since European countries will be drawn into a new arms race. In addition, military action against Russia will increase the political influence of the United States in Europe. Washington will begin to impose its vision of the Transatlantic Trade and Investment Partnership on the European Union. As a result, Europe will become a huge colony of the United States.
Strange as it may be for Washington, M. Thomas concludes, but the war in Ukraine may develop into a European struggle for independence from the United States, and incidentally into a battle against the dollar.
Is the battle? Well, the offensive is already underway, and the Americans missed him.
On June 25 and 26, talks were held in Shanghai between representatives of the Central Bank of Russia and the People's Bank of China. It was about replacing the US dollar with national currencies. Moreover, the parties talked about the creation of a Russian-Chinese rating agency, which should compete with Moody's, Fitch and S&P, the magazine notes. "Expert".
“Representatives of the Russian and Chinese financial community noted the ongoing development of mutual presence in the banking sector, the expansion of the network of direct correspondent relations between Russian and Chinese banks, the growth of trade in the yuan-ruble currency pair, the introduction of new forms of financial cooperation (in particular, in the insurance industry), and They also outlined ways to further improve cooperation in the financial sector, ”said the relevant report of the Central Bank of Russia.
In the meantime, curious information was received from Europe about the discussion of changes in the world monetary system.
On discussing the issue of changing the monetary order, said the former Prime Minister of Greece George Papandreou. No, the conversation was not in the kitchen, and it was not the political retirees who were gossiping. The discussion was conducted by the heads of government. And they said for a long time.
Co-founder and director of the English investment fund Hinde Capital, Ben Davis, spoke about his recent conversation with the former Prime Minister of Greece Georgios Papandreou, reports Mixednews.ru with reference to ETF Daily News.
This is what Ben Davis said:
Papandreou responded to this:
Discussed and a set of currencies, which could include gold.
Further in the material it is noted that Ben Davis is a “reliable source”. And therefore, he said that world leaders are considering the idea of a new key currency, which will replace the US dollar, you can believe.
Recall that Georgios Papandreou was the Greek Prime Minister in 2009-2011.
Let's sum up.
The impetus for finding a stable new currency was the awareness of many countries in the world, including European ones, a strong dependence on US policy that set off wars, make color revolutions, impose sanctions against competitors and do not stop pumping the world with petrodollars. Europe, aware of how deeply it can plunge into the abyss of the Cold War and get stuck in an arms race at the whim of the White House, is ready to switch to euro calculations: reports from the “currency front” from Gazprom Neft speak about it. Otherwise, in the end, Europe will have to live according to the gloomy scenario voiced by Glazyev.
As for China, the scheme of calculations in rubles and yuan is quite satisfied with it.
- especially for topwar.ru
Subscribe and stay up to date with the latest news and the most important events of the day.