According to Venezuela’s representative to the UN office in Geneva Jorge Valero, Caracas is in talks with Moscow over the possibility of using the Russian ruble in mutual trade settlements and abandoning dollar transactions.
The ambassador added that the countries are also discussing the use of Venezuelan state-sponsored oil-backed crypto currency El Petro. Adiós gringo?
Caracas pegged the value of the Petro to the price of one barrel of Venezuelan oil. The government also pegged Venezuela’s national currency, the bolivar, to El Petro last summer.
Numerous sanctions introduced against Venezuela by the US regime and the IMF have forced the Bolivarian Republic to stop using the dollar for its international transactions.
It switched to the euro last October. In addition, the country started swapping crude oil for imported products.
Venezuela is currently trying to get over one of the worst economic crises in history with hyperinflation heading for 10.000 % this year, according to the forecast by the fascist International Monetary Fund.
Valero added that Caracas counts on the Kremlin’s support in restructuring Venezuela’s foreign debt.
The bribery and extortion methods of the Zionist regime in Washington will not last forever. The USA is bankrupt, but the global Anglo Zio-Nazi institutions keep the dollar afloat.
The diplomat stressed that the US penalties against the Venezuelan oil sector, along with freezing its dollar accounts, has had an enormous negative impact on the country’s economy.
Venezuela has the world largest oil- and gold reserves and eventually recover from the evil implanted fascist ordeal.
RT. com / ABC Flash Point WW III 2019.