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Date: 6 months ago   Category: Finances

Review of an inopressa. Russia offers an unusual gift to Europe


So Atlantico characterizes readiness of the country to replace dollar with euro in foreign trade. According to the author of material, it can bring to the European Union advantages, however there are also risks of the Photo: Russia is ready to replace with depositphotos.com dollar with euro in foreign trade. For the European Union it can become a fine victory as it seeks to turn the means of payment into world currency, however the similar prospect has many risks, believes the Atlantico portal. The matter is that trade and political war which is waged by America with the rest of the world occupies also the monetary sphere. China, for example, never hid that it can use the enormous currency reserves for a suffocation of the American economy, having stopped acquiring the American securities. Now and Russia suggests Europeans to turn their single currency into means of payment for all commercial operations between the Russian Federation and the European Union. Europe — the main client of Russia, and in the winter it in general completely depends on the Russian gas. Instead of payment in dollars the Russian president suggests to use euro.

Thus, Vladimir Putin kills two hares. First, it undermines confidence to dollar as to world currency that Donald Trump, obviously, will not want to suffer. Secondly, it gives to euro the status of the international currency. Not without reason the Russian Central Bank on a substantial scale buys up several months euro, getting rid of dollar. The European companies within several years ask cancellations of sanctions against Russia to give a push to mutual trade. However Europe risks to receive instead of the sanction from the USA in the form of huge penalties or closing of the American market. But so far Europe needs the American market. And not all European countries decided on uniform policy. The lack of courage or financial interest forces the main European countries to follow policy of the USA. The Russian offer, maybe, and a good gift to the European Union as strengthens euro, but from the political point of view it if not poisonous, then quite toxic, concludes the portal. To add BFM.ru to your sources of news?

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