Russia and Egypt will exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media.
Russia will lose about 160 billion US dollars in oil export earnings in a year if oil prices are at 45 USD a barrel.
Russia’s Izhevsk Electromechanical Plant Kupol is in talks with Iran on modernizing the short range Tor-M1 (SA-15 Gauntlet) surface-to-air missile defense systems.
When President Barack Obama and U.S. politicians arrogantly slapped economic sanctions on Russia, they have never calculated the serious consequences for the United States. While the US spins disinformation and distraction machine bombards the world, Russia makes preparation for the next decisive steps to hit where it really hurts. Russia is now getting ready to pull the trigger and crash the US dollar system.
A $30 billion oil pipeline would be built from the Altai Region through northwest China into northern India.
Chinese President Xi Jinping spoke to “ally and friend” Vladimir Putin to discuss the Ukraine crisis and bilateral ties.
A day after US President Barack Obama threatened Russia with sanctions, a Russian official has warned that any possible sanctions by Washington against Moscow would “crash” the US financial system and end its global financial domination.
President Vladimir Putin has ordered the Russian troops sent last week to a snap military exercise in western and central Russia to return to their bases according to a Defense Ministry report.