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Thread: Gazprom signs agreements to switch from dollars to euros

  1. #1

    Default Gazprom signs agreements to switch from dollars to euros

    Gazprom signs agreements to switch from dollars to euros

    June 7, 2014


    Source: ITAR TASS

    Gazprom Neft had signed additional agreements with consumers on a possible switch from dollars to euros for payments under contracts, the oil company's head Alexander Dyukov told a press conference.
    "Additional agreements of Gazprom Neft on the possibility to switch contracts from dollars to euros are signed. With Belarus, payments in roubles are agreed on," he said.
    Dyukov said nine of ten consumers had agreed to switch to euros.
    ITAR-TASS reported earlier that Gazprom Neft considered the possibility to make payments in roubles under contracts. Some contracting parties agree to switch from dollars to euros and Yuans.
    "The so-called Plan B is already partially worked out. The switch of dollar contracts to euros and Yuans is agreed on with some of our contracting parties. Under consideration is the possibility to switch contracts to roubles," Dyukov said at the St. Petersburg International Economic Forum.
    "I think it would be a good idea." Mahatma Gandhi, when asked what he thought of Western civilization.

    The philosophers have only interpreted the world, in various ways; the point is to change it.
    Karl Marx.

    "Well, he would, wouldn't he?" Mandy Rice-Davies, 1963, replied Ms Rice Davies when the prosecuting counsel pointed out that Lord Astor denied an affair or having even met her.

  2. #2

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    If you ever want to defeat US global power in the longer term, chipping away at, and weakening, dollar hegemony is probably the intelligent way to proceed.

    But Europe needs to wake up to American cynicism if the Euro is to survive and develop as an alternative currency. A BRICS currency would be a good thing too. Each on its own wouldn't achieve parity with the USD, but each new currency would reduce reliance on, and provide alternatives to, the dollar.
    The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
    Carl Jung - Aion (1951). CW 9, Part II: P.14

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