Russia Asks Allies to Stop Trading in Dollars and Euros

by Chris Black

This may very well be the catalyst for the global financial collapse.

Once the dollar falls out, the US is done as a global power.

No one could have predicted this, right?

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Russia should increase settlements in national currencies with partner countries, Denis Manturov, head of the Russian Ministry of Industry and Trade, said at the plenary session of the Innoprom international exhibition in Uzbekistan on Monday.

“What is happening today in the global economy and in the world gives us a hint about how we need to rebuild our logistics, industrial cooperation, in what directions we can develop our economies. This [is] de-dollarization, and now we have added de-euroization, that is, the transition to our own currencies in order to be as independent as possible in terms of mutual settlements,” Manturov said.


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