Tag Archives: Ukraine

Putin tries to end reliance on dollar in trade deals betinews.com

Vladimir Putin Wants USA Dollars Banned From Russian Trade.

President Vladimir Putin has called for greater use of the ruble in Russian oil deals and criticized continued use of the U.S. dollar. The Russian leader spoke out on Tuesday and proposed the move which appears to be aimed at strengthening the severely weakened Russian currency while also reducing the country’s dependence on the dollar, according to RT. Due to tumbling world oil prices the ruble has lost almost half of its value against the dollar in the past 12 months. Oil is Russia’s main export, but the country has also suffered due to Western sanctions imposed after the Ukraine conflict and a sharp economic downturn at home.

The idea that oil deals should be paid for in rubles and other non-dollar currencies such as the Chinese yuan have been proposed by Russian officials in the past. The idea is to reduce Russia’s reliance on the Western financial system. “I would like to mention one crucial issue in the development of the energy industry, and the economy as a whole. It is a question of finally stopping the use of foreign currency in internal trade,” said Putin at the fuel and energy presidential commission on Tuesday

FULL REPORT Putin tries to end reliance on dollar in trade deals

 

Peaceful end to Ukraine crisis clouded with doubt

Feb. 7, 2015: German Chancellor Angela Merkel gestures during her speech at the 51. Munich Security Conference in Munich, Germany. (AP) Diplomacy aimed to end the crisis in Ukraine may not succeed, German Chancellor Angela Merkel said Saturday, a day after … read more

Putin, Poroshenko, Merkel, Hollande affirm urgent need for dialogue, ceasefine in Ukraine

Putin, Poroshenko, Merkel, Hollande affirm urgent need for dialogue, ceasefine in Ukraine

The leaders of Russia, Ukraine, Germany and France agree that a meeting of a contact group is urgently needed to kick-start dialogue between Kiev and the country’s East and achieve a lasting ceasefire, the Kremlin announced after a four-side phone … read more

Russia will respond to fresh sanctions from the United States :Ryabkov

Russia will respond to fresh sanctions from the United States, deputy foreign minister Sergei Ryabkov said Saturday after U.S. lawmakers passed a bill to impose new penalties on Moscow over the Ukraine crisis. “Undoubtedly, we will not be able to … read more

Ukraine says up to 200 rebels killed in Donetsk airport fighting

A man talking on a phone in his home, is seen through a hole in a wall damaged by recent shelling in Donetsk Photo: Reuters

Ukraine’s military said its forces killed as many as 200 rebels in fighting in Donetsk as dozens of tanks and other military vehicles crossed the border into Ukraine from Russia. “Insurgents who were shelling Ukrainian troop positions at Donetsk Airport … read more

A pro-Russian separatist leader was sworn in DONETSK Ukraine

Ukraine’s rebel leader is sworn in, crisis deepens DONETSK Ukraine (Reuters) – A pro-Russian separatist leader was sworn in on Tuesday as the head of a self-proclaimed ‘people’s republic’ in eastern Ukraine in a ceremony that worsened a standoff with … read more