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Putin Wants U.S. Dollar Banned From Russian Trade
Kremlin Press ServicePresident Vladimir Putin meets with US boxer Roy Jones, Jr.in Sevastopol, Crimea, August 19, 2015. It directly contradicts current legislation.
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Russia’s economy continues to buckle under the weight of low oil prices and worldwide sanctions, but President Vladimir Putin has plenty of reasons to be cheerful.
Iranian officials have also announced that a mechanism for transactions in national currencies with Russian Federation was already in place.
Russian Federation has proposed similar systems with Vietnam and Indonesia, Turkey and Egypt. At the same time Russian Federation has banned imports of food products from Europe, the USA, Canada and Australia in retaliation for Western sanctions.
Following a meeting with the Russian president on Wednesday, Russian state news agency TASS, reported that Gabriel said quarrelling between Russia and Western governments had worsened the conflicts.
The so-called economic war rumbles on but it seems as though Russian initiatives will be quite hard to implement. So far efforts to drive the use of the ruble and the yuan in bilateral trade have borne little fruit.
“I understand that for you the United States is your main conversation partner for issues in Syria and Ukraine, but I believe that Germany and the European Union should also be important partners”, Gabriel said.
Although Russian Federation is suffering, it does not seem to have affected President Putin’s popularity at home.
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Late last month Russian Federation began a bombing campaign in Syria to support that country’s embattled ruling regime, one of Russia’s closest allies in the Middle East.