All posts in " ditch "

Russia & China preparing to ditch dollar for national currencies in trade – top official

By ethan / October 18, 2018

Russia’s Ministry of Economic Development said on Thursday that Moscow and Beijing are working on an inter-governmental agreement to boost the use of the ruble and yuan in mutual trade settlements. “The document is currently being prepared, the process is not easy,” said Deputy Minister of Russia’s Economic Development Sergey Gorkov, as quoted by TASS. […]


Rapper 50 Cent offers Khabib $2 million to ditch UFC for Bellator

By ethan / October 13, 2018

Hip hop star 50 Cent is trying to woo Khabib Nurmagomedov with $ 2 million to switch from the UFC to rival promotion Bellator. The lightweight champ may consider the offer as the UFC is threatening to sanction his teammates. “I think it’s wrong what the UFC is doing to Khabib,” 50 Cent, who recently […]


Russia wants to ditch US dollar in trade with European partners

By ethan / October 8, 2018

The Russian Ministry of Finance said on Monday it may shift to the use of local currencies with European trade partners. The move will be part of the so-called de-dollarization of the Russian economy. “As we can see the main opportunity which can be realized in the short and medium term is the transition to […]


Off with their hats! Russian military to ditch traditional headgear – reports

By ethan / October 4, 2018

A large part of Russian military will soon stop using traditional Russian fur hats with ear flaps, known as “ushankas,” as well as woolen side caps. The government plans to replace these items with more simple headgear. The famous Russian souvenir known abroad as “ushanka”, “shapka” or simply “Russian hat” could soon become a rare […]


Time has come for Russia to finally ditch US dollar – Foreign Ministry

By ethan / August 24, 2018

Russia will definitely respond to Washington’s latest sanctions and, in particular, it is accelerating efforts to abandon the American currency in trade transactions, said Deputy Foreign Minister Sergei Ryabkov. “The time has come when we need to go from words to actions, and get rid of the dollar as a means of mutual settlements, and […]


Russia may ditch dollar in oil trade as it is too risky – finance minister

By ethan / August 12, 2018

The US dollar is not a reliable tool for payments in international trade, Russian Finance Minister Anton Siluanov told Russian media. Payments in national currencies might be used instead, he said. In an interview to Rossiya 1 TV, the finance minister expressed doubt that the internationally recognized currency is reliable. Siluanov also said he does […]


Russia’s move to ditch dollar in favor of gold minimizes risk of US political blackmail – analyst

By ethan / August 3, 2018

Bank of Russia data shows the country’s gold holdings are approaching 2,000 tons, nearly quadrupling over the recent decade and rising to 17 percent of the nation’s total foreign reserves. By opting to purchase precious metals and liquidating holdings of US Treasury securities, Russia has been playing it smart, precious metals market analyst Dimitri Speck […]

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