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Russia Is Doing It – Russia Is Actually Abandoning The Dollar

by Michael Snyder, Economic Collapse Blog:

The Russians are actually making a move against the petrodollar.  It appears that they are quite serious about their de-dollarization strategy.  The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros.  And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom.  There hasn’t been a word about this from the big mainstream news networks in the United States, but this is huge.  When you are talking about Gazprom, you are talking about a company that is absolutely massive.  It is one of the largest companies in the entire world and it makes up 8 percent of Russian GDP all by itself.  It holds 18 percent of the natural gas reserves of the entire planet, and it is also a very large oil producer.  So for Gazprom to make a move like this is extremely significant.

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7 comments to Russia Is Doing It – Russia Is Actually Abandoning The Dollar

  • C.I.

    Australia Is Trading Already In Not US .

    For Some Time Actually………….

  • F16Hoser

    Best news I’ve heard in a long, long, time.

  • rich

    China and Russia to Cooperate in Joint Credit Rating Agency

    The global financial community is disappointed with absence of an appropriate U.S. response to the financial crisis, and today there is prudent distrust of our methods. Russia and China announced an independent move to form a joint credit rating agency.

    They will also engage in talks about joint management of gold and foreign currency reserves

    http://www.tavakolistructuredfinance.com/2014/06/russia-china-credit-rating-agency/

  • Abby

    What amazed me was that on D Day, of all days, Gazprom announced that 9 out of ten of it’s customers had agreed to pay in Euros, Rubels or Yuan. The humour was not lost on me, though many others seemed to have missed it.

    Only two articles appeared, Global Research and Zero Hedge. This is the third. I have not seen a peep from anyone else.

  • Slvrizgold

    Hope no one is relying on Western MSM for news. They still haven’t come clean about al-CIA-da, nor any other of the numerous govt-sponsored false flags.

    • Abby

      I certainly don’t. But even in the independent media, this story has got very little coverage. First out was Global Research.And I thought wow! On D Day while everyone is looking at split screens and a very brief interlude leaked between Obamy and Putin. ALL THE FUSS and even body language experts on the job. Mean time it was D Day for the dollar. I am guessing here, 9 out of 10? Most of those have got to be European countries, so while Obamy was snubbing Putin and would not have dinner with him, the people sitting at his dinner table and the rest of the G7 had already signed deals with Gazprom NOT to use the dollar.

      Now, if that is not a clear message I do not know what is! And Bilderberg? recent Greg Hunter interview, they are split. European bunch want negotiations with Russia, USA bunch as usual want bomb bomb bomb! Privatize all resources. Looks to me like Europe is going east. There will be a Cold War, but it will be the USSA this time left out in the cold. As Greg says, “That’s the way I see it.”

      • Ed_B

        “…so while Obamy was snubbing Putin and would not have dinner with him, the people sitting at his dinner table and the rest of the G7 had already signed deals with Gazprom NOT to use the dollar.”

        This reminds me of the old saying about card games. “If you are in a poker game and cannot figure out who the mark is, it is YOU”. Obama has all the skills and finesse in international relations as does a 6 year old. He’s looking around, he’s sipping his wine, and he has absolutely no clue whatever that the world has turned and is walking away from his incompetence and arrogance.

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