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Category Archives: Russia

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RECENT NEWSLETTERS

China And Russia Look To Ditch Dollar With New Payments System In Move To Avoid Sanctions

China and Russia are drafting a pact to boost the use of their national currencies in bilateral and international trade, underscoring their intent to cut their reliance on the US dollar. The development of a new international financial payments system aims ... Read more

Nov 26

0 China, Create!, Inter-Imperialist Rivalry, New Economy, Russia, Sanctions

Russia Backs Non-Dollar Trade With Turkey, No Promise Of Help Amid Lira Crisis

“The use of national currencies for mutual trade has for several years been one of the tasks that the presidents of Russia and Turkey had set,” Lavrov told a joint news conference with Cavusoglu in Ankara. “Identical processes have been happening in our relations with ... Read more

Aug 16

0 Educate!, Inter-Imperialist Rivalry, New Economy, Russia, Turkey

Russia And China Challenge Dollar Domination

Since the August 1998 sovereign default triggered by the West, Russian state finances have been prudent to almost a fault. The size of the national government debt is the lowest of any major industrial country, a mere 10.6% of GDP for the current year. This has enabled Russia to withstand the US ... Read more

Dec 23

1 China, Inter-Imperialist Rivalry, New Economy, Resist!, Russia

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