Evading the Dollar Trap
This report from RT from last week is the kind of thing that feels like a press release from Russia. It’s to let everyone know that whatever happens next the Russians are prepared for it.
The key to understanding what’s happening here is the following:
Within the Eurasian Union, consisting of former Soviet republics Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan, trade using foreign currencies such as the US dollar and Euro has dropped to around a quarter of transactions.
With Russia coming forward internally, capable now of building and supporting a commercial airplane industry, their relationships across central Asia and transacting in local currencies becomes a ‘rising tide lifts all boats’ situation with Russia as the central node.
This is the multi-polar world in microcosm, a central Asia trading independently of the West’s banking system. This is the essence of evading the dollar trap, building a stronger regional economy.
To that end Russia’s commitment to building a much bigger IT economy also bears noting. Today’s Press Review from Tass is quite a wealth of information.
According to Vedomosti, in the near future, the document will be submitted to the Prime Mini
Article from LewRockwell