Wednesday, August 27, 2014

Russia Starts Accepting Ruble and Yuan for Oil Payments

The end is near for the US dollar as the world's reserve currency. The belligerent ways of the Empire are hastening its demise.

RIA Novosti reports:
The Russian oil company Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers, the Russian business daily Kommersant reported Wednesday.
The Russian government and several of the country’s largest exporters have widely discussed the possibility of accepting payments in rubles for oil exports.
Last week, Russia began to ship oil from the Novoportovskoye field to Europe by sea. Two oil tankers are expected to arrive in Europe in September. According to Kommersant, the payment for these shipments will be received in rubles.
Gazprom Neft will not only accept payments in rubles; subsequent transfers via the ESPO may be paid for in yuan, the newspaper reported.
According to the newspaper, the change in currency was made because of the Western sanctions against Russia.

(ht David Jensen)


  1. Empirically, all leaders of countries who have spoken about doing such a thing, much less actually doing it, have seen a US imposed regime change within a matter of months or years. Here's to Vlad!

    1. PMartin-

      Too funny. The Neocon Obama (Bush 3.0) is stomping his little feet and shaking his fist at those damn Russkies and their audacity to disobey the divine edicts of Mordor on the Potomac. Vlad is laughing at his incompetence and ignorance, and goading the little shitstain (and his European vassals) to shooting the OTHER foot.

      Putin doesn't want WW3- it's a no win. A prostrated Germany begging for oil and gas- that's his win.

      Europe will tell the US to fuck off and die once the temps drop below zero C, with no gas or oil to warm their homes or run their factories.

  2. If Russia is accepting rubble then perhaps Kiev can finally pay its gas bill.