“Russia
and Egypt might soon exclude the US dollar and use their national
currencies in the settlement of accounts in bilateral trade, Russian
President Vladimir Putin said in an interview to Egyptian media ahead
of his Monday visit to the country.”
“The
issue of abandoning the dollar in trade is 'being actively
discussed,' Putin told Al-Ahram daily newspaper ahead of his two-day
trip to Egypt. The Russian president was invited for a bilateral
meeting by his Egyptian counterpart Abdul Fattah al-Sisi.”
“Egypt
is a long-time and trusted partner of Russia and the relationship
between the two countries has been rapidly developing, the Russian
president said. [...] He also praised the development of 'mutually
beneficial and effective' cooperation in the sector of agriculture.
'Egypt is the major buyer of Russian wheat, Russia provides about 40
percent of grain consumed in the country; as for us, we import fruits
and vegetables.'”
“During
Sisi’s last visit to Russia in August 2014, the two leaders agreed
to look at a possibility of creating a free trade zone between Egypt
and the countries of the Customs Union. Meeting in the Black Sea
resort city of Sochi, the presidents also agreed upon the creation of
a Russian industrial zone in Egypt, which will be part of a new Suez
Canal project.”
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As BRICS are in the processes to
decouple economies from the Western neoliberal monetary monopoly,
they could bring back the gold standard as a base for their
transactions, which is much more steady than the paper money
unstable financial bubbles. They are ready, because they are
emerging economies with billions of potential consumer tanks and
can attract other countries too being victims of the international
financial mafia, like Argentina and Greece.
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