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The government of Venezuela has confirmed that it is ceasing the sales of its vast oil reverse in the US Dollar. The move will help the oil rich South American country dodge the unilateral sanctions recently passed by the US. US sanctions and threats of military action against Venezuela have been roundly condemned by both Russia and China.
Venezuela will begin trading oil in Euros. A similar move was made by the Iraqi government in the year 2000.
Shell worked with the government of Myanmar after securing lucrative oil blocks, despite seeing the ongoing ethnic violence against the Rohingya people by the country’s armed forces as a “reputational risk”, according to documents obtained by Unearthed.
A recent spate of murders against the Muslim ethnic minority in western Myanmar, formerly known as Burma, has sparked international condemnation and led to hundreds of thousands of people fleeing their homes.
The United States has recently suggested a global oil embargo against North Korea, something both China and Russia oppose. The DPRK’s neighbours to the north support UN sanctions against Pyongyang, but have firmly opposed unilateral US sanctions against North Korea.
Russia and China have made a commitment never to support sanctions against Pyongyang which could negatively impact on the civilian population of their neighbour and this would almost certainly include a full-scale oil embargo.
Despite Russian opposition already having effectively killed the chances of a total oil ban on North Korea being enforced, the US is still pushing the plan at the UN Security Council. It’s not just a ban, however. The US wants permission to militarily enforce it.
In an address to a new legislative superbody, Maduro said:
“I am announcing that Venezuela intends to introduce a new international payment system and to create a currency basket for the liberation from the dollar and, [we intend] to free ourselves from the clutches of the dollar, the currency that is strangling our country.”
China has announced a "new world order" for world oil markets that could have profound effects on the global economy and the monetary order itself. But as The Shanghai International Energy Exchange gears up for operation, it's important to note yet again that this is another engineered conflict with the pre-determined death of the dollar system being used to bring in the new multipolar world order that the NWO has been openly working toward for decades.
P.D. Lawton
21st Century Wire
A number of major geopolitical moves are currently afoot in Africa. Make no mistake about it: neocolonialism is alive and well on the continent.
As Venezuela attempts to re-start a political process based on the results of the recent vote to seat a new Constituent Assembly which will be the countries highest legislative body, the US continues to enact measures intended to disrupt the process.
Recent, the US issued sanctions directly on Venezuelan President Nicolas Maduro and other Venezuelan nationals and.
Peaceful, tolerant and socially oriented Islam was seen as a tremendous threat, at least in London, Washington, and Paris. It had to be stopped, even destroyed – resolutely and by all available means. Only the pre-approved Wahhabism, which was collaborative with the West and from the onset at least partially ‘co-produced’ by the British Empire, was singled-out and allowed to ‘bloom and succeed’.
