WEB DESK – The international value of US Dollar would likely to further decline as Russian lawmakers urged their own oil and gas producers to stop trading in the American currency terming it ‘evil, dirty and bloody’ piece of paper.
According to reports published in Russian media agencies, a group of Russian parliament moved a motion in the Lower House urging the Russian oil and gas producers to stop using US dollars.
According to the motion, the trading in US dollar means sharing profits with the US and making Russia vulnerable to western sanctions.
“The dollar is evil. It is a dirty green paper stained with blood of hundreds of thousands of civilian citizens of Japan, Serbia, Afghanistan, Iraq, Syria, Libya, Korea and Vietnam,” one of the authors of the motion, Mikhail Degtyaryov of the conservative nationalist party LDPR said in an interview.
Degtyaryov also said that Russia already had a bilateral agreement with China allowing payment in national currencies and this proved that such step was possible.
“Our national industrial giants will not suffer any losses if they choose to make contracts in rubles or other alternative currencies. Russia will benefit from that. We should act paradoxically when we deal with the West. We will sell rubles to consumers of our oil and gas, and later we will exchange rubles for gold. If they don’t like this – let them not do this and freeze to death. Before they adjust, and this will take them three of four years, we will collect tremendous quantities of gold. Russian companies will at last become nationally oriented and stop crediting the economy of the US that is openly hostile to Russia,” the MP said.
Degtyaryov is known for drafting an official bill banning the US dollar in Russia. He told reporters that this document has been recalled from parliament and amended with a ban on the euro and promised to re-submit the new draft to the Lower House in the near future.