I had to use a mechanical translator for this article but the message comes through loud and clear.
From Kapital.kz, March 14:
It is supposed to be based on the new currency
This material was taken from the official website of the Eurasian Economic Commission. As of 23:51 NST, the news on eaeunion.org has been deleted.
The Eurasian Economic Union (EAEU) and China will develop a project for an independent international monetary and financial system. This was agreed upon by the participants in the economic dialogue “New Stage of Monetary, Financial and Economic Cooperation between the Eurasian Economic Union and the People's Republic of China. Global Transformations: Challenges and Solutions”, which was held via videoconference on March 11, the correspondent of the Kapital.kz business information center reports with reference to the EEC press service .
“Given the common challenges and risks associated with the global economic slowdown and restrictive measures against the EAEU states and China, our countries should intensify practical cooperation both at the level of regular expert dialogues and in the area of joint measures and projects,” said the Minister for integration and macroeconomics of the EEC Sergey Glazyev.
Wang Wen, Dean of the RDCY Institute of Finance, emphasized the closeness of the positions of the EAEU countries and China on many issues of the global development agenda and expressed support for the intensification of the Eurasian-Chinese dialogue.
As a result of the discussion, it was decided to develop a project for an independent international monetary and financial system. It is assumed that it will be based on a new international currency, which will be calculated as an index of the national currencies of the participating countries and commodity prices. The first draft will be submitted for discussion by the end of March....
https://kapital.kz/finance/103768/yeaes-i-knr-razrabotayut-proyekt-mezhdunarodnoy-finsistemy.html
Either someone made a huge mistake with the sanctions and the confiscation of the central bank reserves and the taking of the Russian citizen's assets...
....or everything is proceeding exactly as planned.
Trying to figure-out which.
