Cutting out the US dollar: Russia & UK may switch to settlements in national currencies

Russian and British companies could switch to settlements in rubles and pounds, abandoning US currency transactions, in case of political and economic necessity, said Boris Abramov, Russian trade representative in the UK.

He told RIA Novosti that Russian firms doing business with Britain could switch to settlements in pound sterling at any moment, if necessary.

“The British pound is a freely convertible currency like the US dollar and the euro,” said Abramov.

He explained that for a Russian company it is very easy to open an account in pounds in a Russian or foreign bank. It could also get the sterling at the Moscow stock exchange.

At the same time, switching to ruble settlements is not so easy for the British companies, since there are no ruble accounts in England and “banks do not understand how stable the Russian currency is…”

Abramov, however, added that in case of “political obstacles” or any restrictions on the use of the greenback, there will be an immediate shift towards other currencies, such as the pound or the euro.

According to him, for the first time since 2014 Moscow and London have resumed talks on the development of trade relations.

Though Russia is not a key market for the UK, it is a very important one, Abramov said, adding bilateral trade totaled more than $12 billion in 2017. “Britain is interested not only in maintaining this level, but also in increasing it,” he said.

https://www.rt.com/business/441296-russia-uk-national-currencies/

>>3485499

PATHETIC!

E.Warren's DNA to fight for the midterms?

That's it?

Wow - smfh

>>3485565

Kek! '60 Minutes' didn't go quite as they planned:

'60 Minutes’ Was Outmatched by Trump

By pushing through questions and by capitalizing on an interview approach seeking to synthesize his entire presidency into two segments of television, Trump effectively converted “60 Minutes” into a short rally. There are those who will see his rants as worthy, and those who will loathe them; whatever unity can be made to exist by the President exists only within those camps. That “60 Minutes” went looking for something greater is more proof than viewers needed that their approach to the President left them outmatched.

https://variety.com/2018/tv/columns/donald-trump-60-minutes-1202980027/

>>3485618

KEK!!

>>3485635

Absolutely!

Cut out the central bankers.

Make Money Great Again.

>>3485637

Casino Money Laundering - big business.

4,000 more people lose Medicaid coverage in Arkansas under new work requirements

According to numbers released by the state Monday, 4,109 Medicaid beneficiaries were removed from the program in October.

Under Arkansas' program, beneficiaries subject to the requirement who don't meet it for three months in one year lose their benefits.

Arkansas' removed 4,353 individuals from the Medicaid program last month. That brings the total number of people who have lost coverage under the state's new work requirements program to nearly 8,500.

https://thehill.com/policy/healthcare/411462-4000-more-people-lose-medicaid-coverage-in-arkansas-under-new-work

More Free-loaders Off the Dole!!

>>3486009

Many brainwashed masses have never heard such sentiment.

They soon will.

Paul Ryan to campaign for 25 vulnerable House Republicans

https://thehill.com/homenews/house/411468-paul-ryan-to-hit-campaign-trail-for-25-vulnerable-republicans

Any U.K.Fags want to weigh in?

As an American, it's difficult to understand the Brexit issue(s).

On Brexit, Theresa May enters her darkest hour

The central issue this week is that May is trying to win a broad-outline deal with the EU in relation to its customs border with Northern Ireland. Part of the U.K., Northern Ireland also borders the EU member state, Ireland, so it either requires a physical border (think Mexico) that controls trade access with the Ireland, or a deal that allows EU trading rules to be applied in Northern Ireland. But Theresa May and the EU have unable to reach terms on what such a deal might look like. Making matters worse, as she addressed Parliament on Monday, May found herself under fire from all sides as to what she is willing to accept with the EU and how long any transition arrangement might last.

As things stand, May's Brexit plan cannot command parliamentary assent. But it gets worse. With time rapidly running out for the EU and U.K. to agree a deal – the EU wants a deal by Tuesday evening – May is trapped on all sides. What happens next?

May might change course in order to better consolidate herself with Conservative members of parliament who believe she is giving the EU too much. But that course of action makes it almost certain that the EU pulls out of Brexit negotiations and accepts a no-deal Brexit. The problem is that such a withdrawal would cut off privileged trading access to the EU and threaten Britain's export economy.

Alternatively, May might keep playing the waiting game with the EU in the hope that the trading bloc offers an improved deal that she can sell to Parliament. But if Labour Party leader Jeremy Corbyn senses that May cannot unify Conservatives around her government, he will attempt to destabilize the prime minister by blocking her Brexit plan and effectively forcing her to resign. That could even bring pressure on May's successor – perhaps Boris Johnson – to call an election.

https://www.washingtonexaminer.com/opinion/on-brexit-theresa-may-enters-her-darkest-hour