The company’s CEO Aleksandr Dyukov revealed this information on the sidelines of the TNF Energy forum, which was held in the oil-rich Tyumen Region in Siberia.

The conventional practice of conducting international trade used to be done using major global currencies like the dollar and euro. This decision increasingly reflected a strategic move to align its trade practices more closely with the economic and geopolitical interests of Russia, as well as its significant energy ties with China.

According to Dyukov, the company has not experienced any problems withdrawing its export earnings in foreign currency since it started trading with the said currencies. It also receives its revenue from oil and petroleum products sales at short notice.

Meanwhile, despite a notable shift in other national currencies of a substantial portion of its export transactions, Dyukov mentioned that the Indian currency is still not being utilized in export settlements. “This decision underscores the company’s selective approach in transitioning away from traditional global currencies, taking into consideration the specific dynamics of its international trade relationships, Arabic business news agency MenaFN reported. “We don’t use rupees. We mainly use yuan and rubles. We have practically moved away from payments in dollars and euros,” the CEO said.

Also, Russia is not the only one moving to dethrone the USD. The China National Petroleum Corporation (CNPC) has agreed to switch payments for gas supplies to rubles (RUB) and renminbi (RMB) instead of dollars. According to Simon Watkins, former senior FX trader, financial journalist, and best-selling author, in the first phase of the new payments system, this will apply to Russian gas supplies to China via the ‘Power of Siberia’ eastern pipeline route that totals at minimum 38 billion cubic meters of gas per year (bcm/y).

“After that, further expansion of the new payments scheme will be rolled out. It is apposite to note at this point that although ongoing international sanctions against Russia over its invasion of Ukraine in February have provided the final impetus for this crucial change in payment methodology, it has been a core strategy of China’s from at least 2010 to challenge the U.S. dollar’s position as the world’s de facto reserve currency,” he said in an article he wrote on OilPrice.com.

He added that China has long regarded the position of its renminbi currency in the global league table of currencies as being a reflection of its own geopolitical and economic importance on the world stage. “As of 2022, the RMB’s share in the SDR mix has risen to 12.28 percent, which China still regards as not truly befitting its rising superpower status in the world,” he further pointed out. (Related: Dollar DEMISE: Yuan overtakes dollar in China’s cross-border payments.)

Bloomberg: Russia has advantages in the current global diesel shortage

The global energy market is faced with a shortage of diesel as refineries fail to make enough of the key industrial fuel, further exacerbated after OPEC+ heavyweights Saudi Arabia and Russia slashed production and exports of denser, more sulfurous crude used to produce diesel fuel vital for industry and transport. However, recent circumstances are making Russia the receiving end of all advantages.

The global diesel shortage, for example, is benefiting one of the nation’s key export crude blends, the Eastern Siberia-Pacific Ocean (ESPO), as it is being traded at a premium to global benchmark Brent, according to Bloomberg on Monday, citing unnamed market players. ESPO, which was named after the pipeline that carries it to export markets, climbed to a premium of about $0.50 a barrel to Brent on a delivered basis for October shipments to China, traders told the outlet. Brent crude was trading above $94 per barrel at the start of the week.

The Russian crude blend, which is especially suitable for diesel fuel production, saw its biggest price increase since the G7 and the European Union introduced a price cap on Russian oil and petroleum products. These “influential” economies were pushing to to cut Moscow’s energy revenues, according to Viktor Katona, lead crude analyst at energy analytics firm Kpler.

“[The] last time when ESPO was positive to Brent was back in November 2022,” said Katona. According to the analyst, along with private refineries, Chinese state processing plants have also boosted their purchases, taking up to seven more cargoes of October-loading ESPO than usual.

Visit DollarDemise.com for more news related to the crash of the U.S. dollar.

Sound off about this article on the Economic Collapse Substack.

Sources for this article include:

• RT.com 1
• OilPrice.com
• RT.com 2

Russian President Vladimir Putin announced that BRICS nations are going to roll out a new alternative to the US dollar’s global reserve currency status. As reported by IndiaTimes.com:

According to the Russian president, the member states are also developing reliable alternative mechanisms for international payments. Earlier, the group said it was working on setting up a joint payment network to cut reliance on the Western financial system. The BRICS countries have been also boosting the use of local currencies in mutual trade.

But this is only the beginning of the bombshell here.

We also know from industry sources that “Project Sandman” refers to a group of over 100 countries that plan to simultaneously denounce the US dollar as a global reserve currency. This will likely take place on a Sunday evening, USA time, says Andy Schectman, the CEO of Miles Franklin (a gold and silver dealer). He told me this in an interview recorded yesterday, to be aired soon.

The new replacement currency will be powered by blockchain and backed by gold, which is why member nations have been rapidly stockpiling gold supplies in anticipation of the big announcement. When that announcement comes, nations that represent nearly 75% of the world’s population will simultaneously denounce the US dollar and roll out a gold-backed, blockchain-audited international currency system that will instantly become the world’s currency choice for free trade and a store of value.

The dollar, backed by nothing but more money printing and incompetent political leadership, will collapse toward zero. Virtually overnight, goods and services sold in America will increase in price by 1000%. And that’s only the beginning: The dollar will continue to lose value by the hour as the world’s holders of US Treasury debt and dollar currency dump it all at any price.

Those holding dollars will lose everything.

The United States government will quickly collapse in parallel with the collapse of the dollar and the US central bank. There will be no money to pay military troops or pay off corrupt government officials. All government salaries and pensions will be effectively halted. The great neocon empire of debt, lies and death will implode so rapidly that people will be psychically shocked and physically unprepared.

Russia, China and India will emerge as the economic leaders of the world, and the US empire will cease to exist. The former United States of America will be broken into regional nation states, divided largely among political lines with the satanic, anti-American Left seizing control of the coasts, and conservative, pro-America, pro-liberty, pro-Constitution groups dominating the rest of the country. Expect a very real civil war to ensue, with massive casualties.

Russia knows that it can defeat America simply by joining the world’s efforts to declare America’s dollar currency to be null and void. No nuclear war is necessary. America it already highly vulnerable to this sort of collapse due to the nation’s massive debt and spending addictions. Russia and China are merely sucking the air out of America’s collapsing currency, knowing that economic gravity will do the rest.

The Belt and Road Initiative – the future of world trade WITHOUT America and Western Europe

Examine the following map, depicting China’s Belt and Road Initiative, consisting of protected, high-efficiency trade routes among countries representing about 75% of the world’s population:

This Belt and Road Initiative will speed trade among member nations, and it will use China’s new “digital yuan” currency backed by gold and audited by blockchain technology. (Please watch my upcoming interview with Andy Schectman for a lot more on this, as Andy has been following the topic quite extensively.)

Notice what’s missing from this map? America and Western Europe.

That’s because America — the military and economic bully of the world — isn’t welcomed by other nations. America doesn’t play nice. America bombs anyone it wants while weaponizing the SWIFT system to punish its political enemies, and now that the world has come to realize the dollar is a weapon rather than a free trade currency, nobody wants anything to do with America from here forward.

The economic sanctions against Russia were the last straw for the dollar, it turns out. And the USA has nothing left to back its currency: Not manufacturing, not labor, not agricultural output, and not even gold in the vaults. The USA no longer has fair and free elections and no longer has freedom of speech. On top of that, the USA has political prisoners rotting in jails in DC while the FDA harvests organs from aborted human babies to use for medical experiments. In other words, the USA occupying illegitimate government, under demonic influence, has become a great evil in the world.

Western Europe is run by lunatics and “woke” propagandists who are committing economic suicide by outlawing every form of energy that matters. The EU is disintegrating, and the Euro currency likely will collapse within the next year. Western Europe is on a suicide mission, both economically and culturally, as the nations of Europe can’t even protect their own borders from mass migration. (Nor can the USA, for that matter.)

America as you know it will soon cease to exist

The era of Western Civilization is coming to an end. It will be characterized by the collapse of the dollar, a global repudiation of the petrodollar status, a collapse of the rule of law across the United States, a collapse of the stock market, pensions, bond market and crypto markets, a collapse of the food supply chain, and a collapse of the fuel and transportation infrastructure. This will, in turn, take down the power grid in many areas, leading to a Mad Max-style scenario from which a few capable survivors will attempt to flee.

Before the end of 2025, as I have publicly predicted for at least the last five years — America as you know it will cease to exist. This has been the plan all along from Barack Obama, Hillary Clinton, Joe Biden and plenty of RINO neocons, too (the Cheneys, Bushes, etc.). They needed to take down America in order to achieve one world government under the fascist United Nations, with universal gun control, universal vaccine mandates, abortion “rights,” engineered global starvation and total control over all speech and elections.

Their agenda is failing at many levels, however. Roe vs. Wade was just struck down by the US Supreme Court, for example, and there are elements at work that are looking likely to achieve key indictments against deep state players. However, any state that wants to exist after the dollar collapses must be ready to roll out its own gold-backed currency on an emergency basis. Texas is largely prepared to do this, but few other states are ready. The re-establishment of trade and commerce (following the dollar collapse) is going to be the key to surviving the demise of the dollar.

Texas is America’s No. 1 exporter of goods, by the way, and the Texas economy is larger than most nations on the planet. So is the economy of California. But California is run by child murdering, demonic fascists while Texas has the world’s best Attorney General (Paxton) and a strong contingent of pro-human, pro-liberty, pro-Constitution Americans who are ready and willing to relaunch the spirit of America in the new Republic of Texas, when necessary. #TEXIT

But no matter what happens domestically, America’s days of being able to run around the world, threatening everybody with military strikes and dollar weaponization will soon be over. And without the ability to print money and defraud the world into buying soon-to-be-worthless US debt instruments, the United States military will have no funding to continue operations or build new weapons. It will eventually be disbanded.

What happened to the former Soviet Union in 1991 is about to happen to the United States of America: A collapse of the ability to continue to fund the bureaucracy and military that propped up the system the entire time. The USA has sadly devolved into an empire of debt, lies and death. The country is currently ruled by an actual death cult, but those days are fast coming to an end with the imminent collapse of the demonic dollar and all the evil that money printing has enabled since 1971.

When this evil is finally brought to an end, all those who value life, liberty and happiness will rejoice (and rebuild).

Get prepared, for that today is coming soon. And from what I’ve concluded, the only way to avoid the financial collapse that’s coming is to hold your assets in physical goods such as gold and silver, land, agricultural equipment, ammunition, industrial buildings (factories, for example) and other “real” things that don’t vanish in a currency collapse.

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