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>> RESERVE BANK OF INDIA Latest News

MAR 27, 2014 - Zero Hedge

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Russia To Create Own National Payment System In "Bid To Reduce Dependence On The West"

The more the West attempts to "isolate" Russia and pushes it away from its "core values" and of course the US Dollar, the more Russia will seek the safety of a non-dollar based system. We have previously described how Putin has been scrambling to enmesh Russia in tight bilateral commodity-based trade with both China and India, and now it is Russia's turn to announce it would seek its own "national payment settlement system" following last week's surprising and unmandated service halts by both Visa and MasterCard, which as Vladimir Putin said earlier today, will be a "bid to reduce economic ... Read More

Tags: Russia To Create Own National Payment System In "Bid To Reduce Dependence On The West",  Reserve Bank Of India Latest News