by Jim Willie, Perpetual Assets:
THE GAME IS ON, SALE OF RUSSIAN OIL IN RUBLES – EXPECT RUBLE STRENGTH SOON. NEXT SHOULD COME EXCHANGES TO SET OIL PRICE IN RUBLES. THIS IS A MAJOR PETDO-DOLLAR DEMISE STEP / JIM
$$$ INITIAL GAZPROM NEFT TRANSACTIONS TO EUROPE HAVE BEGUN, THE PAYMENTS IN RUBLES… TWO TRANSACTIONS HAVE BEEN COMPLETED… THE RUSSIANS WILL PROBABLY ROLL OUT OTHER VENDORS FOR THE SAME RUBLE PAYMENT, SINCE THE TEST CASE HAS WORKED WITH SUCCESS… NEXT COMES EXCHANGES TO SET THE CRUDE OIL PRICE IN RUBLES… THE PETRO-DOLLAR IS DYING. $$$
Jaroslav in St Petersburg Russia has supplied some high important information. The following is from him, with my edits for readability and flow. The information uses quoted comments from Alexander Dyukov, the head of Gazprom Neft (Gazprom Oil). Almost all their clients for crude oil and petroleum products have signed agreements to pay in Rubles.
A few have been permitted from certain points to make payments in Euro currency. As for Novoport, this project has already begun delivery for Ruble currency, and ongoing oil deliveries from the field will be in Rubles. Also, from this time, the deliveries to the Asian market are to be completed in Yuan currency. The USDollar is a global liquid currency, and the transition into any other currency is a certain chore with risks and costs. “They see a potentially large amount of crude oil and oil products which could be realized in USD settlement. They require conversion into Rubles, to be done with as minimal risk and as simple as possible.” He was clear that Russia should consider creating its own price agency and exchanges that set quoted oil prices in Rubles. This function would help to facilitate global access to the Ruble, which in turn would increase the volume of oil and petroleum products sold in Rubles and Yuan.
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