Make it your new currency…
Russia’s largest oil company Rosneft has asked and is tendering transactions in the euro. They have switched from the US Dollar as its main default currency. This is for all exports of crude oil and refined products, as the oil company is turning off the Dollar trap for as many sales as possible in order to avoid illegal U.S. sanctions being slapped against it by the USA…
I have talked about the fact that Russia has to leave the Dollar and either go to the Euro and or go to Gold. The Euro is a stop gap measure, but by making the Euro first in transactions, time will be bought as Russia continues to De-Dollarize…
Snowball effect…
You can’t blame Rosneft for doing it. The Dollar has be weaponized and thus it must be excluded from the world transactions. It takes time, but companies like Rosneft can do it…
Remember that a snowball and or a avalanche starts small and gets big as it goes downhill…
I have also talked about how Europe is being destroyed by America. The EU went along with too many sanctions and played too many games. I guess they thought that the USA was going to come out on top and or they have been trying to play along to garner time to salvage themselves…
For the last 16 years (Since the Iraq war started) the world has started to walk on egg shells and have been smiling at America while they hold backroom meetings to figure out what to do…
Unless the EU wakes up and turns East and leaves the West behind. This action of using the Euro will be only a stop gap measure. If the EU embraces other countries and plays fair, they can salvage the EU and the Euro…
Again…
The USA is at war with the whole world, just that half the world has not woke from their nap yet…
WtR
Update:
Russia’s largest oil company Rosneft has set the euro as the default currency for all new exports of crude oil and refined products. As of September, Rosneft is seeking euros as the default option of payment for its crude oil and products, Reuters reported on Thursday, quoting tender documents the Russian firm has published. “Rosneft has recently adjusted all the new contracts for export supplies to euros,” a trader at a company that regularly procures oil from Rosneft told Reuters, adding that buyers
Source: Russia’s largest oil company ditches dollar in new oil deals — RT Business News