Russia ready to abandon dollar in oil, gas trade with China

(RIANovosti) – Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday. Continue reading

Towards a Global Currency? – Michel Chossudovsky

With a view to restoring financial stability, World leaders have called upon the Group of 20 countries (G-20) to instigate a new global currency based on the IMF’s  Special Drawing Rights (SDRs). Continue reading

A new world is being born, one without the US dollar greasing the wheels of commerce

Yekaterinburg, famous tragically as the spot Lenin chose to have the Tsar and his family executed in 1918, and ironically as the fiefdom of Boris Yeltsin, who finished off the Russian revolution itself in 1991, witnessed something no less remarkable last week when leaders of the so-called BRIC nations (Brazil, Russia, India and China) held their first summit, following the yearly meeting of the Shanghai Cooperation Organisation (SCO). Continue reading

De-Dollarization: Dismantling America’s Financial-Military Empire

The city of Yakaterinburg, Russia’s largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too – and not only where US U-2 pilot Gary Powers was shot down in 1960, but where the US-centered international financial order was brought to ground. Continue reading

The Shanghai Cooperation Organization: Prospects For A Multipolar World

On June 15th and 16th the Shanghai Cooperation Organization (SCO) will hold its ninth annual heads of state summit in the Russian city of Yekaterinburg. Continue reading

Israeli Threats Drive Iran Toward SCO Military Alliance

Iran pins hopes on Russia in its SCO bid

MOSCOW, February 16 (RIA Novosti) – Iran expects to receive the backing of Russia, which holds the presidency of the Shanghai Cooperation Organization, in its bid for full membership of the organization, Iran’s foreign minister said on Monday. Continue reading

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

SCO REGIONAL CLOUT BOUND TO INCREASE

The Shanghai Cooperation Organization, or SCO, ought to boost its political clout in settling regional conflict in the immediate future. A statement to this effect was made earlier in the week by a group of the Russia-based noted analysts during a Moscow-Beijing video news conference. Aside from maintaining stability and security in Central Asia, the SCO’s vast potential will certainly make it possible for the organization to handle other pressing international problems. Continue reading