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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Major Russian oil and gas companies give up the dollar

    Rocky
    Rocky
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    Major Russian oil and gas companies give up the dollar Empty Major Russian oil and gas companies give up the dollar

    Post by Rocky Fri 25 Oct 2019, 2:50 pm


    Major Russian oil and gas companies give up the dollar

    17:19 - 25/10/2019



    Major Russian oil and gas companies give up the dollar %D8%AF%D9%88%D9%84%D8%A7%D8%B1
    Information / Baghdad
    The largest companies in the oil and gas sector in Russia abandoned the implementation of transactions in US dollars.
    For example, Rosneft and Novatek have completely excluded the US currency from payments on export contracts.
    "Our company is converting its transactions to the euro, and this currency is used in most export contracts," Leonid Michelson, chairman of Novatec, told reporters. This is not a temporary decision, but a systematic transition that began in 2014, when Novatek was subjected to US sectoral sanctions. ”
    He added: “After the US sanctions in July 2014, legal entities and American individuals were prevented from lending to us, so we started to abandon the dollar before Ross Naft.
    Before that, the head of the company "Rosneft" Igor Sechin, announced the transfer of all the accounts of his company from the dollar to the euro.
    “We have not started this work now, we have done it, and all our export contracts are already being implemented in euros,” he said. . Therefore, ten years later we may see a completely different picture: as the role of the Chinese economy grows, the Yuan's share could grow from 2% -5% now to higher and more important values. ”



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