End of quote with dollars

Bloomberg: Putin is about to realize his dream of 10 years ago . The Bloomberg reveals what is the desire of the Russian leader for a decade and what factors could favor its early realization Russian President Vladimir Putin, is about to fulfill his dream of ten years ago: to create a platform independent oil trade and a reference rate of own oil and encourage the implementation of trade agreements in rubles. according to Bloomberg, 

Putin along with the manager of the Russian oil company Rosneft, Igor Sechin, seeking to attract investors and international 'traders' to the International Mercantile Exchange Saint Petersburg (SPIMEX). 

The purpose of this strategy is toincrease revenue on the sale of Russian oil brand Urals, reducing the price difference between benchmark rates, and thus the dependence on the market around the popular western brand Brent. In this context, the objective is to reduce trade SPIMEX oil transactions in dollars, rubles encouraging negotiations. According to its president,

 Alexei Rybnikov, the idea is to "create a system in which the price of oil and operations are established in a fair and honest manner." The publication also notes that Russia is not the only country seeking to reduce dependence on dollar on the oil market. This year China was able to present its own benchmark rate after more than two decades. Meanwhile, countries like Iran and Venezuela have applied different alternatives, so that the US currency pass into the background in the field of oil transactions.

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