Russian President Vladimir Putin and Chinese President Xi Jinping's December video summit could mark the start of some major global financial shifts. Photo Credit: The Cradle
Pepe Escobar, The Cradle: Putin and Xi plot their SWIFT escape
Russia and China's announcement of an independent financial trading platform will free nations under US sanctions from western intrusion into their commercial activities
Vladimir Putin got straight to the point. At the opening of his one hour and fourteen minute video conversation with Xi Jinping on 15 December, he described Russia-China relations as “an example of genuine inter-state cooperation in the 21st century.”
Their myriad levels of cooperation have been known for years now – from trade, oil and gas, finance, aerospace and the fight against Covid-19, to the progressive interconnection of the Belt and Road Initiative (BRI) and the Eurasia Economic Union (EAEU).
But now the stage was set for the announcement of a serious counter-move in their carefully coordinated ballet opposing the relentless Hybrid War/Cold War 2.0 combo deployed by Empire.
As Assistant to the President for Foreign Policy Yuri Ushakov succinctly explained, Putin and Xi agreed to create an “independent financial structure for trade operations that could not be influenced by other countries.”
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WNU Editor: Bypassing the US dollar in their transactions is the goal, and it looks like China and Russia are going to be successful in accomplishing this in the next year or two.
3 comments:
Easier to say than to do. All other countries have to go to this platform and that is not done yet. These two countries are dictatorship and have a full misunderstanding on how the economy is working. Even Europe fail on that with Iran. Good luck.
I hope they will be successful.
That swift threat is a present to them
Biden is ruining it all
Planned demolition of the United states
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