The EU farmers and other business sectors which are affected by the sanctions against Russia must read well and digest thoroughly news articles like this one. Interpreting into Rubles or RMB these mega-deals we can easily determine that Russias big market is not the EU as some pseudo-experts are are trying to tell us. The multi hundred billion or trillion dollars mega deals for Russia are in Asia where their currency has greater value and respect as their contracts are outside the sphere of the western monopolistic currencies of USD, EURO, British Pound, Swiss Franc etc. In short the Asian deals for Russia are more attractive because in addition to the other commercial benefits, their Ruble gains strength and respect as an internationally acceptable currency. We must not forget that the Ruble about 16 years ago during the time of the darling of the West president Boris Yeltsin was on a free-fall losing substantial value due to rapid devaluation. Russians must consider themselves lucky for supporting Vladimir Putin in his policies which truly helped save their economy and their country.
Posted on: Fri, 19 Sep 2014 02:09:31 +0000
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