Russia Oil Prices Archives

Russia To Reduce US Dollars In National Wealth Fund As Putin’s De-Dollarization Continues

Russia’s de-dollarization effort is full steam ahead, in line with President Putin’s commitment to reduce the country’s vulnerability to the continuing threat of US sanctions. Crossing the wires early Wednesday morning, Russian Deputy Finance Minister Vladimir Kolychev was quoted by Reuters as saying the Russian sovereign wealth fund will reduce US Dollars and is considering…

One Of The World’s Largest Oil Companies Just Ditched The Dollar

By StevieRay Hansen |

The dollar is being intentionally killed, a one-world currency is now on the global oil markets… Russia’s largest oil company Rosneft has already completed the switch away from the U.S. dollar to euros in its export contracts to minimize risks from potential new U.S. sanctions, Rosneft’s chief executive Igor Sechin said on Thursday. Rosneft has already fully…