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Russia’s digital ‘Velveeta moment’

No Spam, Just Facts.

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A digital Slavic sigh of relief carried across both the Atlantic and Pacific. Those Russkies who were suffering as their sanctioned dreams were dashed while waiting for their “Velveeta moment”, or a Skippy slathered Spam sandwich, can now rest easy.

Even the redoubtable Hellman’s has seen its market share wither against a bevy of locally produced mayo’s. The fact is that many such items have already been replaced by Russian equivalents with a difference; they are all natural, with no additives or genetically modified anything. As I said, the food production boom in Russia is well known and is now yesterday’s news.

Moving on, the other day I was speaking “IT & stuff” with some geeky nerds on an island in the Moscow River where the old Red October candy factory used to churn out everything for the sweet tooth. It is now gentrified with condominium and co-op lofts in the old factory complex, very similar to what took place in Manhattan’s SoHo and is an e-everything community. Getting back to the geeks who were quaffing their Latte’s and Mojito’s with lip smacking digitized abandon, they were playing word scenarios starting with “What IF?”

The juiciest and longest word play was – What if Washington and its EU minions decide to somehow cleverly firewall or otherwise inhibit Russia’s access to the major software, programming and service providers? What if VPN’s are blocked and everyone has to store data in country or shut down? The speculation was both ridiculed and taken seriously at the same time. Once they got to talking it through, it looked like they suddenly woke up singing and crying all at once.

Unlikely as such a situation might be, strange things are becoming the new normal in these mentally challenged times. The kind-of conclusion these digital dreamers came to was – not to worry, we have most if not all these services localized and covered. I asked for a rundown of what replaces what, and the following was the feedback naming 100% Russia based providers and services (I mention costs in US$ for the readers visualization, but all billing is in Rubles):

Cloud storage – replacing Google Drive.

  • “Yandex.Disk ” provides a cloud storage for everyday files, photos and videos. Free use for up to 10 GB of information, and can expand the volume to 1 TB. The maximum file size is 10 GB. Two-stage authentication is also provided. The cost for maximum space is about $8 per month.
  • “Cloud@Mail.Ru”. You can store pictures, audio files, presentations, working documents and other data. The system guarantees the safety of stored data. The maximum storage capacity is 4000 GB, of which 25 GB is free of charge. Files of up to 32 GB can be uploaded in the cloud.

Replacing Google Docs and MS Office.

“OnlyOffice” is an open source office suite that includes document, project management, customer relationship management and e-mail management systems. The set consists of an online document editor, project management system, CRM, corporate social network, calendar and mail server.

“MyOffice” offers a set of office solutions for working with documents, text, tables, presentations and other information. Using this platform, you can work together on files, restrict user rights, and provide enhanced data protection.

Post services replacing MailChimp.

  • “UniSender” organizes mass email and SMS mailings. According to the project planners, it is possible to create a newsletter from scratch in 15 minutes. The service provides more than 100 templates, detailed statistics, allows you to configure automatic dispatch and segment an audience. Use is free provided not more than 1500 emails and 100 recipients. The charges thereafter are $0.005 per letter or $10 per month. For SMS – $0.03 per message.
  • “Sendsay” – a platform for sending emails and SMS. With the help of the system, you can create complex conversation chains, trigger mailings and evaluate their effectiveness.
  • “Yandex.Mail” The domain allows you to connect the needed number of mailboxes free, and set a company logo in the web interface of the system. Even inside the platform, you can keep a calendar, a schedule of meetings and a to-do list.
  • “Mail.Ru for business” – a set of services for start-ups and large companies. For example, a cloud for data and workgroups, mail for the domain, and store information about employees. In this system, there are also tools for site analytics, newsletters, SEO analysis, and computer vision technologies. All users of the platform get access to a loyalty club for business and discounts from partners. The cost depends on the set of tools chosen.

Analytics to replace SimilarWeb.

  • “Pr-Cy” – helps to optimize sites, checks the download speed and finds errors. With the help of this service, you can find out what details to pay attention to and what needs to be corrected for effective website promotion.
  • “Roistat” collects data from the CRM system, advertising sites and the site itself. From this information, the service generates reports on key business indicators. With the help of this service, you can evaluate the effectiveness of advertising campaigns, funnel sales and other data. The cost is from $90 per month.
  • “Yandex.Metrika” helps to evaluate site traffic for free and analyze user behavior. With the help of this system, you can estimate the number and composition of visitors, transitions from competitors’ sites, popular pages, and time spent on site plus other indicators.
  • “AmoCRM” helps analyze sales. The system automatically takes into account email requests, phone, website and instant messengers. This service can integrate correspondence with customers and calls. Built-in messenger helps to communicate commands within the system.

CRM-systems, keeping customer activity records.

  • “Univle” – CRM-system for Instagram. This service helps receive and respond to all requests in Direct. With it, you can connect new managers, keep customer cards and track the sales funnel.
  • “Bitrix24” combines a task management system, projects, documents, social network, chat, video calls, document storage, calendar, mail and customer relationship management. With the help of this service, you can manage the customer base and mark all interaction points: calls, letters, and appointments. You can use it free or a commercially upgraded version at about $17 per month.
  • “Simple Business” helps to maintain a client base, store information about each customer, record and process calls. In addition, with the help of the platform, you can manage projects and personnel, conduct workflow, bookkeeping and manage the site. The cost is from $33 per month.
  • “LiveTex” provides digital channels for customer service: feedback widgets, instant messengers, social networks, email. With the help of the system, one can process calls in one interface or integrate into CRM-systems and chat-bots.

Accounting

“1C” is a set of software products for accounting, management and other types of reporting for small and medium sized businesses. The system is popular and used in construction, trade, education, medicine and other areas.

Project management and tools replacing Asana, Trello, Jira and others.

  • “Yandex.Tracker” helps to manage projects and organize work, allocate resources and monitor task fulfillment. Using this platform, you can track all the company’s processes and make them transparent for each participant. The cost is from $1.50 per person per month.
  • “Kaiten” helps manage complex processes on one board. For example, it suggests using a space on which several boards are in place. Within the project concept lies the use of both kanban and sram methodologies. All processes happening in the company can therefore be visualized. The cost is from $7 per person per month.
  • “Planiro” organizes collaboration work in the cloud: messages, discussions, archives, accounting of tasks and time, calendar, timing and budget planning, notifications, reports and tools for several management methods. The service helps monitor priority tasks, evaluate project progress and analyze costs. The cost is from $4 per person per month.
  • “Idea RealtimeBoard” – created a teamwork platform with cross-functional commands. This service helps to communicate with the team in one language, regardless of formats, work tools, geography or time zones. Each project participant can input new tasks or discuss existing ones for this endless board. The cost is from $40 per team per month.
  • “CrocoTime” automatically tracks working time at a computer and creates a digital photo of the working day; it helps keep records of meetings and calls. It analyzes the company’s business processes and helps to find and correct inefficient ones. From $5 a month per employee.
  • “Megaplan” is suited to organize work for a small or medium sized company. Helps to track business processes and manage employees. Among the features – billing, transaction control, task manager, file server, internal mail, transaction control and a module for working with personnel.
  • “PlanFix” helps organize joint work. In this system, you can set up an interface, and share user rights. The service can be used as a CRM-system, technical support, and with its help, you can assign and monitor tasks, conduct project activities, account for resources and plan finances.

Messengers and video communication to replace Slack.

  • “Dialog” offers a corporate messenger, which can be installed on the company’s internal server. Service meets the requirements of a single register of Russian programs and approved by state authorities. With the application, you can make audio and video calls, arrange video conferences and display a screen, share files, create personal and group chats. Among the possibilities of this service are audio messages, chat-bots, and channels. Using the service is free of charge; however, the paid company version is individually negotiated with each commercial user.
  • “TrueConf” – A service for organizing video communication on a local server or via the Internet. Communication is provided by UltraHD- quality and secure channels. You can deploy the system in a company of any size.

Tools for working with social networks, replacing HubSpot and HootSuite.

  • “Amplifer” automatically publishes records in social networks, collects statistics on them and counts clicks. Based on the statistics, the service prompts the time, in which it is better to publish the records. There is a weekly and monthly reporting format. This service is about $5 per page monthly.
  • “Babkee” tracks mentions in social networks and the media. This service helps to track user needs and conduct competitor analysis. With its help, you can also evaluate the effectiveness of advertising campaigns. Use is free of charge.
  • “SMMplanner” helps manage publications on social networks and create pending records. With the help of the service, you can create auto-deletion records, publish “Stories” and customize UTM-labels. The cost is from $7 per month, depending on the number of connected pages.
  • “Brand Analytics” is a system for analyzing social networks and the media. The service tracks the company’s references, determines the tone of messages, highlights important topics and finds trends.

Design and layout

  • “Readymag” helps transform design into code. Using this platform, you can create presentations, prepare stories and make logs. Interactive web projects can be created without developer participation. The service includes an editor, a preview and a platform for publication of the project. The cost is from $16 per month.
  • “Tilda Publishing” – A site builder. You can work free, but not more than one site and a limited set of templates. The price for the full shebang is from $8.50 per month, depending on the number of sites you are doing.

Notes – replacing Evernote and Google Keep.

  • “Nimbus Note” – with the help of this service you can save information from sites, write notes and important thoughts. The application has shared access for folders and notes. Storage of information is organized in a multi-level structure. The service positions itself as an alternative to Evernote. Use is free with a limit on the size of notes and attached files. The commercial fee is about $2 per month.

Since 2014 Russia has invested over 600 billion rubles ($10 billion) in accelerating import substitution, of which 120 billion rubles ($2 billion) were government funds, the rest private investments. This has helped start-up just over 1,200 import substitution projects, from peanut butter and cheeses to the digital realm. The focus however is not so much short term local substitution, but to refine and develop cost and quality effective export products and services for jobs creation, tax revenues and to diversify Russia’s long term economic matrix.

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Putin Keeps Cool and Averts WWIII as Israeli-French Gamble in Syria Backfires Spectacularly

Putin vowed that Russia would take extra precautions to protect its troops in Syria, saying these will be “the steps that everyone will notice.”

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Authored by Robert Bridge via The Strategic Culture Foundation:


By initiating an attack on the Syrian province of Latakia, home to the Russia-operated Khmeimim Air Base, Israel, France and the United States certainly understood they were flirting with disaster. Yet they went ahead with the operation anyways.

On the pretext that Iran was preparing to deliver a shipment of weapon production systems to Hezbollah in Lebanon, Israeli F-16s, backed by French missile launches in the Mediterranean, destroyed what is alleged to have been a Syrian Army ammunition depot.

What happened next is already well established: a Russian Il-20 reconnaissance aircraft, which the Israeli fighter jets had reportedly used for cover, was shot down by an S-200 surface-to-air missile system operated by the Syrian Army. Fifteen Russian servicemen perished in the incident, which could have been avoided had Israel provided more than just one-minute warning before the attack. As a result, chaos ensued.

Whether or not there is any truth to the claim that Iran was preparing to deliver weapon-making systems to Hezbollah in Lebanon is practically a moot point based on flawed logic. Conducting an attack against an ammunition depot in Syria – in the vicinity of Russia’s Khmeimim Air Base – to protect Israel doesn’t make much sense when the consequence of such “protective measures” could have been a conflagration on the scale of World War III. That would have been an unacceptable price to achieve such a limited objective, which could have been better accomplished with the assistance of Russia, as opposed to NATO-member France, for example. In any case, there is a so-called “de-confliction system” in place between Israel and Russia designed to prevent exactly this sort of episode from occurring.

And then there is the matter of the timing of the French-Israeli incursion.

Just hours before Israeli jets pounded the suspect Syrian ammunition storehouse, Putin and Turkish President Recep Erdogan were in Sochi hammering out the details on a plan to reduce civilian casualties as Russian and Syrian forces plan to retake Idlib province, the last remaining terrorist stronghold in the country. The plan envisioned the creation of a demilitarized buffer zone between government and rebel forces, with observatory units to enforce the agreement. In other words, it is designed to prevent exactly what Western observers have been fretting about, and that is unnecessary ‘collateral damage.’

So what do France and Israel do after a relative peace is declared, and an effective measure for reducing casualties? The cynically attack Syria, thus exposing those same Syrian civilians to the dangers of military conflict that Western capitals proclaim to be worried about.

Israel moves to ‘damage control’

Although Israel has taken the rare move of acknowledging its involvement in the Syrian attack, even expressing “sorrow” for the loss of Russian life, it insists that Damascus should be held responsible for the tragedy. That is a highly debatable argument.

By virtue of the fact that the French and Israeli forces were teaming up to attack the territory of a sovereign nation, thus forcing Syria to respond in self-defense, it is rather obvious where ultimate blame for the downed Russian plane lies.

“The blame for the downing of the Russian plane and the deaths of its crew members lies squarely on the Israeli side,” Russian Defense Minister Sergey Shoigu said. “The actions of the Israeli military were not in keeping with the spirit of the Russian-Israeli partnership, so we reserve the right to respond.”

Russian President Vladimir Putin, meanwhile, took admirable efforts to prevent the blame game from reaching the boiling point, telling reporters that the downing of the Russian aircraft was the result of “a chain of tragic circumstances, because the Israeli plane didn’t shoot down our jet.”

Nevertheless, following this extremely tempered and reserved remark, Putin vowed that Russia would take extra precautions to protect its troops in Syria, saying these will be “the steps that everyone will notice.”

Now there is much consternation in Israel that the IDF will soon find its freedom to conduct operations against targets in Syria greatly impaired. That’s because Russia, having just suffered a ‘friendly-fire’ incident from its own antiquated S-200 system, may now be more open to the idea of providing Syria with the more advanced S-300 air-defense system.

Earlier this year, Putin and Israeli Prime Minister Benjamin Netanyahu reached an agreement that prevented those advanced defensive weapons from being employed in the Syrian theater. That deal is now in serious jeopardy. In addition to other defensive measures, Russia could effectively create the conditions for a veritable no-fly zone across Western Syria in that it would simply become too risky for foreign aircraft to venture into the zone.

The entire situation, which certainly did not go off as planned, has forced Israel into damage control as they attempt to prevent their Russian counterparts from effectively shutting down Syria’s western border.

On Thursday, Israeli Major-General Amikam Norkin and Brigadier General Erez Maisel, as well as officers of the Intelligence and Operations directorates of the Israeli air force will pay an official visit to Moscow where they are expected to repeat their concerns of “continuous Iranian attempts to transfer strategic weapons to the Hezbollah terror organization and to establish an Iranian military presence in Syria.”

Moscow will certainly be asking their Israeli partners if it is justifiable to subject Russian servicemen to unacceptable levels of danger, up to and including death, in order to defend Israeli interests. It remains to be seen if the two sides can find, through the fog of war, an honest method for bringing an end to the Syria conflict, which would go far at relieving Israel’s concerns of Iranian influence in the region.

 

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Clinton-Yeltsin docs shine a light on why Deep State hates Putin (Video)

The Duran – News in Review – Episode 114.

Alex Christoforou

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Bill Clinton and America ruled over Russia and Boris Yeltsin during the 1990s. Yeltsin showed little love for Russia and more interest in keeping power, and pleasing the oligarchs around him.

Then came Vladimir Putin, and everything changed.

Nearly 600 pages of memos and transcripts, documenting personal exchanges and telephone conversations between Bill Clinton and Boris Yeltsin, were made public by the Clinton Presidential Library in Little Rock, Arkansas.

Dating from January 1993 to December 1999, the documents provide a historical account of a time when US relations with Russia were at their best, as Russia was at its weakest.

On September 8, 1999, weeks after promoting the head of the Russia’s top intelligence agency to the post of prime minister, Russian President Boris Yeltsin took a phone call from U.S. President Bill Clinton.

The new prime minister was unknown, rising to the top of the Federal Security Service only a year earlier.

Yeltsin wanted to reassure Clinton that Vladimir Putin was a “solid man.”

Yeltsin told Clinton….

“I would like to tell you about him so you will know what kind of man he is.”

“I found out he is a solid man who is kept well abreast of various subjects under his purview. At the same time, he is thorough and strong, very sociable. And he can easily have good relations and contact with people who are his partners. I am sure you will find him to be a highly qualified partner.”

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the nearly 600 pages of transcripts documenting the calls and personal conversations between then U.S. President Bill Clinton and Russian President Boris Yeltsin, released last month. A strong Clinton and a very weak Yeltsin underscore a warm and friendly relationship between the U.S. and Russia.

Then Vladimir Putin came along and decided to lift Russia out of the abyss, and things changed.

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Here are five must-read Clinton-Yeltsin exchanges from with the 600 pages released by the Clinton Library.

Via RT

Clinton sends ‘his people’ to get Yeltsin elected

Amid unceasing allegations of nefarious Russian influence in the 2016 presidential election, the Clinton-Yeltsin exchanges reveal how the US government threw its full weight behind Boris – in Russian parliamentary elections as well as for the 1996 reelection campaign, which he approached with 1-digit ratings.

For example, a transcript from 1993 details how Clinton offered to help Yeltsin in upcoming parliamentary elections by selectively using US foreign aid to shore up support for the Russian leader’s political allies.

“What is the prevailing attitude among the regional leaders? Can we do something through our aid package to send support out to the regions?” a concerned Clinton asked.

Yeltsin liked the idea, replying that “this kind of regional support would be very useful.” Clinton then promised to have “his people” follow up on the plan.

In another exchange, Yeltsin asks his US counterpart for a bit of financial help ahead of the 1996 presidential election: “Bill, for my election campaign, I urgently need for Russia a loan of $2.5 billion,” he said. Yeltsin added that he needed the money in order to pay pensions and government wages – obligations which, if left unfulfilled, would have likely led to his political ruin. Yeltsin also asks Clinton if he could “use his influence” to increase the size of an IMF loan to assist him during his re-election campaign.

Yeltsin questions NATO expansion

The future of NATO was still an open question in the years following the collapse of the Soviet Union, and conversations between Clinton and Yeltsin provide an illuminating backdrop to the current state of the curiously offensive ‘defensive alliance’ (spoiler alert: it expanded right up to Russia’s border).

In 1995, Yeltsin told Clinton that NATO expansion would lead to “humiliation” for Russia, noting that many Russians were fearful of the possibility that the alliance could encircle their country.

“It’s a new form of encirclement if the one surviving Cold War bloc expands right up to the borders of Russia. Many Russians have a sense of fear. What do you want to achieve with this if Russia is your partner? They ask. I ask it too: Why do you want to do this?” Yeltsin asked Clinton.

As the documents show, Yeltsin insisted that Russia had “no claims on other countries,” adding that it was “unacceptable” that the US was conducting naval drills near Crimea.

“It is as if we were training people in Cuba. How would you feel?” Yeltsin asked. The Russian leader then proposed a “gentleman’s agreement” that no former Soviet republics would join NATO.

Clinton refused the offer, saying: “I can’t make the specific commitment you are asking for. It would violate the whole spirit of NATO. I’ve always tried to build you up and never undermine you.”

NATO bombing of Yugoslavia turns Russia against the West

Although Clinton and Yeltsin enjoyed friendly relations, NATO’s bombing of Yugoslavia tempered Moscow’s enthusiastic partnership with the West.

“Our people will certainly from now have a bad attitude with regard to America and with NATO,” the Russian president told Clinton in March 1999. “I remember how difficult it was for me to try and turn the heads of our people, the heads of the politicians towards the West, towards the United States, but I succeeded in doing that, and now to lose all that.”

Yeltsin urged Clinton to renounce the strikes, for the sake of “our relationship” and “peace in Europe.”

“It is not known who will come after us and it is not known what will be the road of future developments in strategic nuclear weapons,” Yeltsin reminded his US counterpart.

But Clinton wouldn’t cede ground.

“Milosevic is still a communist dictator and he would like to destroy the alliance that Russia has built up with the US and Europe and essentially destroy the whole movement of your region toward democracy and go back to ethnic alliances. We cannot allow him to dictate our future,” Clinton told Yeltsin.

Yeltsin asks US to ‘give Europe to Russia’

One exchange that has been making the rounds on Twitter appears to show Yeltsin requesting that Europe be “given” to Russia during a meeting in Istanbul in 1999. However, it’s not quite what it seems.

“I ask you one thing,” Yeltsin says, addressing Clinton. “Just give Europe to Russia. The US is not in Europe. Europe should be in the business of Europeans.”

However, the request is slightly less sinister than it sounds when put into context: The two leaders were discussing missile defense, and Yeltsin was arguing that Russia – not the US – would be a more suitable guarantor of Europe’s security.

“We have the power in Russia to protect all of Europe, including those with missiles,” Yeltsin told Clinton.

Clinton on Putin: ‘He’s very smart’

Perhaps one of the most interesting exchanges takes place when Yeltsin announces to Clinton his successor, Vladimir Putin.

In a conversation with Clinton from September 1999, Yeltsin describes Putin as “a solid man,” adding: “I am sure you will find him to be a highly qualified partner.”

A month later, Clinton asks Yeltsin who will win the Russian presidential election.

“Putin, of course. He will be the successor to Boris Yeltsin. He’s a democrat, and he knows the West.”

“He’s very smart,” Clinton remarks.

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De-Dollarization Tops Agenda at Russia’s Eastern Economic Forum

The Eastern Economic Forum (EEF) was held in Vladivostok on Sept.11-13. Founded in 2015, the event has become a platform for planning and launching projects to strengthen business ties in the Asia-Pacific region.

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Via Strategic Culture

This year, the EEF brought together delegations from over 60 countries to discuss the topic “The Far East: Expanding the Range of Possibilities”. A total of 100 business events involving over 6,000 participants were held during the three days.

1,357 media personnel worked to cover the forum. Last year, the number of participants was 5,000 with 1,000 media persons involved in reporting and broadcasting. The EEF-18 gathered 340 foreign and 383 Russian CEOs. Nearly 80 start-ups from across South-East Asia joined the meeting.

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This year, a total of 175 agreements worth of 2.9 trillion rubles (some $4.3 billion) were signed. For comparison, the sum was 2.5 trillion rubles (roughly $3.7 billion) in 2017.

They included the development of the Baimsky ore deposits in Chukotka, the construction of a terminal for Novatek LNG at Bechevinskaya Bay in Kamchatka and the investment of Asian countries in Russia’s agricultural projects in the Far East.

Russian Direct Investment Fund (RDIF), Mail.Ru Group, Megafon and Chinese Alibaba inked an agreement on establishing AliExpress trade joint venture. Rosneft and Chinese CNPC signed an oil exploration agreement.

The Chinese delegation was the largest (1,096 people), followed by the Japanese (570 members). The list of guests included the president of Mongolia and prime ministers of Japan and South Korea.

It was also the first time Chinese President Xi Jinping attended the event to meet his Russian counterpart. The issue of de-dollarization topped the agenda. Russia and China reaffirmed their interest in expanding the use of national currencies in bilateral deals.

During the forum, Kirill Dmitriev, the head of RDIF, said the fund intends to use only national currencies in its transactions with China starting from 2019. It will cooperate with the China Development Bank.

This “yuanification” is making visible progress with Shanghai crude futures increasing their share of oil markets up to 14 percent or even more. China has signed agreements with Canada and Qatar on national currencies exchange.

READ MORE: Eastern Economic Forum opens new chapter in US-Russia dialogue

De-dollarization is a trend that is picking up momentum across the world. A growing number of countries are interested in replacing the dollar. Russia is leading the race to protect itself from fluctuations, storms and US-waged trade wars and sanctions.

Moscow backs non-dollar trade with Ankara amid the ongoing lira crisis. Turkey is switching from the dollar to settlements in national currencies, including its trade with China and other countries. Ditching the US dollar is the issue topping the BRICS agenda. In April, Iran transferred all international payments to the euro.

The voices calling for de-dollarization are getting louder among America’s closest European allies. In August, German Foreign Minister Heiko Maas called for the creation of a new payments system independent of the US.

According to him, Europe should not allow the United States to act “over our heads and at our expense.” The official wants to strengthen European autonomy by establishing independent payment channels, creating a European Monetary Fund and building up an independent SWIFT system.

Presenting his annual program, European Commission President Jean-Claude Juncker called on Sept. 12 for the European Union to promote the euro as a global currency to challenge the dollar.

According to him, “We must do more to allow our single currency to play its full role on the international scene.” Mr. Juncker believes “it is absurd that Europe pays for 80 percent of its energy import bill – worth 300 billion euros a year – in US dollars when only roughly 2 percent of our energy imports come from the United States.” He wants the raft of proposals made in his state of the union address to start being implemented before the European Parliament elections in May.

70% of all world trade transactions account for the dollar, while 20% are  settled in the euro, and the rest falls on the yuan and other Asian currencies. The dollar value is high to make the prices of consumer goods in the US artificially low. The demand for dollars allows refinancing the huge debt at low interest rates. The US policy of trade wars and sanctions has triggered the global process of de-dollarization.

Using punitive measures as a foreign policy tool is like shooting oneself in the foot. It prompts a backlash to undermine the dollar’s status as the world reserve currency – the basis of the US economic might. The aggressive policy undermines the US world standing to make it weaker, not stronger.

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