Russia, China to Promote Ruble, Yuan Use in Trade

[katty]

more: http://www.bloomberg.com/apps/news?pid=20601087&sid=aSTmuCr.RD88

Russia, China to Promote Ruble, Yuan Use in Trade (Update2)

By Lyubov Pronina and Alex Nicholson

June 17 (Bloomberg) -- The leaders of Russia and China agreed to expand use of the ruble and yuan in bilateral trade to lessen dependence on the U.S. dollar a day after they took part in the first summit of the so-called BRIC countries.

“We agreed to take further steps in this direction, including, perhaps, by adjusting contracts and laws that already exist,” Russian President Dmitry Medvedev told reporters in the Kremlin today after talks with his Chinese counterpart Hu Jintao.

Russia, the world’s biggest energy supplier, wants to start selling oil to China in rubles, said Deputy Prime Minister Igor Sechin, who is also chairman of OAO Rosneft, Russia’s biggest oil company. Energy sales in rubles are a “strategic” issue for Russia, he said, adding that oil exports to China over the next 20 years will surpass $100 billion.

[clear eye]

1. Pair that w/ the article previously posted here, and it spells

G-E-T O-U-T O-F T-H-E D-O-L-L-A-R. If you have an IRA or a 401K, find out how to move it into something not denominated in dollars.

http://www.truthdig.com/report/item/20090614_the_american_empire_is_bankrupt/