All posts in " dollarless "
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Chinese refiner dumps US crude in favor of dollarless imports of Iranian oil

By ethan / July 16, 2018

Dongming Petrochemical, an independent Chinese refiner, said it has halted crude purchases from the US and turned to Iranian imports amid escalating trade tensions between Beijing and Washington. Chinese authorities are reportedly planning to impose tariffs on US crude imports and replace them with oil from West Africa and the Middle East, including Iran. Beijing […]

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EU's Big Three agree to establish dollarless trade with Iran – Lavrov

By ethan / July 9, 2018

Major European countries party to nuclear negotiations with Iran – France, Germany and the UK – have agreed to maintain trade with Tehran independent from the US dollar, said Russia’s Foreign Minister Sergey Lavrov. European companies are under increasing pressure from the US to cut business ties with Iran. Since the majority of transactions are […]

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Russia-China bond market play could kick-start new dollarless financial system

By ethan / December 4, 2017

Published time: 4 Dec, 2017 14:36 The Moscow stock exchange will soon issue nearly $ 1 billion-worth of yuan-denominated bonds. It could become the start of a new financial system not based on the US dollar, analysts say. Russia will issue the 6 billion yuan (about $ 900 million) bonds with a five-year maturity in […]

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