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From
ZeroHedge:
“... it
seems the rapid drop in the Ruble (and the Yuan in recent days) has
escalated the need for this de-dollarized payment system and, as RT
reports, Russia’s Rossiya and SMP banks, which fell under Western
sanctions, are among the eight lenders that will start testing the
country’s new national payment system on December 15.”
“It
appears that as sanctions and oil-price-declines pressure Putin, he
is accelerating his gold-hording de-dollarization as unintended
isolated consequences boomerang back at the US Dollar's hegemony.”
From
RT:
“Russia’s
Rossiya and SMP banks, which fell under Western sanctions, are among
the eight lenders that will start testing the country’s new
national payment system on December 15.”
“The
move comes as a part of Russia’s ambitious initiative to move away
from the Western dominance of its financial markets. Last month the
Russian Central Bank said it would have its own international
inter-bank payment system, an alternative to the global SWIFT network
up and running by May 2015.”
“NPS
[National Payment System] was established in 2014 after a number of
Russian banks were hit by US and EU sanctions. In March international
payment systems Visa and MasterCard stopped servicing cards issued by
the banks following the introduction of the sanctions.”
Putin will seek further autonomy
for the Russian economy and further state control of the banking
system in order to protect it by foreign financial speculative
games. It seems that BRICS increasingly gaining financial
independence from the Western neoliberal bloc. This will bring
further panic to the Western oligarchs as may fear that a fast
growing Russian economy could become a new model for other
countries even from the Western sphere of influence. Therefore,
their plans for total dominance through the expansion of the
catastrophic neoliberalism could be definitely destroyed.
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