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Russia ready to ditch dollar in favor of euro in foreign trade – finance minister

By ethan / May 24, 2018

Settlements in US currency could be dropped by Russia in favor of the euro if the EU takes a stand against the latest US sanctions on Moscow, Finance Minister Anton Siluanov said at the St. Petersburg International Economic Forum. “As we see, restrictions imposed by the American partners are of an extraterritorial nature. The possibility […]

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Europe to ditch US dollar in payments for Iranian oil – source

By ethan / May 16, 2018

The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told Sputnik. Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of Barack Obama. President Donald Trump has […]

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Turkey repatriates gold from US in bid to ditch dollar

By ethan / April 20, 2018

Ankara has decided to bring back all its gold stored in the US Federal Reserve, according to Turkish media. In recent years, Turkey repatriated 220 tons of gold from abroad, and 28.7 tons was brought back from the US last year. Turkey’s gold reserves are estimated at 564 tons and are worth about $ 20 […]

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Bitcoin jumps $1,000 after recommendation for G20 to ditch regulation

By ethan / March 19, 2018

An international group of central bank regulators and government ministers has told the G20 countries that bitcoin poses no threat to global financial stability, sending the cryptocurrency market higher. The Financial Stability Board’s chairman, Mark Carney, who also heads the Bank of England, has sent a letter to the G20, saying that the organization doesn’t […]

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Automakers bow to #MeToo pressure and ditch booth babes

By ethan / February 28, 2018

Global carmakers at the upcoming Geneva Motor Show have decided against decorating their stands in the traditional manner. This of course means no promo girls sporting miniskirts and stiletto heels. The decision comes amid considerable pressure from the global #MeToo campaign. According to Bloomberg, nearly all spheres of life are now drawn into the struggle […]

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US threatens to ditch oil imports from Venezuela

By ethan / February 5, 2018

Washington may increase political pressure on the Venezuelan government by imposing a ban on oil imports from the country. The US market is a crucial outlet for the cash-strapped South American country. “Obviously sanctioning the oil, or in effect prohibiting the oil to be sold in the United States… is something we continue to consider,” […]

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Putin says Russia should ditch petrol in favor of natural gas fuel

By ethan / December 28, 2017

Published time: 28 Dec, 2017 13:19 Russia should follow the lead of Gazprom and have more cars running on natural gas instead of traditional gasoline, according to President Vladimir Putin. It is cheaper and more eco-friendly, he said. “Gas fuel is, of course, more environmentally friendly. And we have great competitive advantages in this because […]

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