According to Russia Today, “A group of Lower House MPs are urging Russian oil and gas producers and traders to stop using the US dollar. They say this means sharing profits with the USA, and making Russia vulnerable to western sanctions.
“The dollar is evil. It is a dirty green paper stained with blood of hundreds of thousands of civilian citizens of Japan, Serbia, Afghanistan, Iraq, Syria, Libya, Korea and Vietnam,” one of the authors of the motion, Mikhail Degtyaryov of the conservative nationalist party LDPR said in an interview with Izvestia daily.
Degtyaryov also said that Russia already had a bilateral agreement with China allowing payment in national currencies and this proved that such step was possible.
More evidence the US dollar is soon to fail: ” Russian President Vladimir Putin says Russia should create its own national card payment system, following the example of China and Japan. They diversified away from global monopolies like Visa and MasterCard and launched their own systems years ago.
“These systems work in countries like Japan and China, and they work very well. At first they worked nationally, circulating in their own market in their own territory, for their citizens, and now they are becoming very popular,” Putin told the upper house of parliament on Thursday.
“Why don’t we do that? We have to do this and we will do this,” the president said.
The president said the Japanese payment system first operated domestically is now used in 200 countries.