VTB, Russia’s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies. “Under the agreement, the banks plan to develop their partnership in a number of areas, including cooperation on ruble and renminbi settlements, … [Read more...] about Russia’s VTB and Bank of China agree on domestic currency settlements
RUSSIA ON THE VERGE OF DEALING A DEATH BLOW TO THE PETRODOLLAR- HOLDS “DE-DOLLARIZATION” MEETING
MAY 13, 2014 BY THE DOC : Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is reporting that the … [Read more...] about RUSSIA ON THE VERGE OF DEALING A DEATH BLOW TO THE PETRODOLLAR- HOLDS “DE-DOLLARIZATION” MEETING
China Demands Gold As Collateral For Zimbabwe Loans
Submitted by Tyler Durden - Zero Hedge China, as we noted here, is happy to provide the financing to turn Africa into Disneyland - Monorails and all- but there is one catch... the loans must be backed by gold as collateral. As The Source reports, China wants Zimbabwe to use its mineral proceeds to … [Read more...] about China Demands Gold As Collateral For Zimbabwe Loans