Russia and China commenced financial attack against West - mass media

Date: 03:39, 05-06-2014.

Almaty. June 5. KazTAG -Russia and China are working on strong weapons creation which will let them become equal with the West, reports the German newspaper Die Welt.

The question is not only in creation of new rocket system and cyber-espionage satellite, but in more significant event. Two big states commenced attack on financial leadership of the West " on all the fronts", the newspaper reports. "Until recent time Russia and China depended on it: financial markets started from the key global currency dollar, Visa and Mastercard payment systems to rating agencies," reads the information.

Moscowand Beijingplan to put a stopper: The one who cannot set off anything on the financial field cannot be a real political and military power". Russiaand Chinahave agreed to create a new rating agency which will appraise joint Russian-Chinese projects," reads the publication.

This way, Russia and China will dispute the right of three most influential American rating agencies  - Standard & Poor's, Moody's and Fitch - to shape the public opinion.

In addition the states aspire to weaken dollar position as global currency.

"Ruble will be the central currency in the Eurasian union. China also plans to increase the share of yuan in its foreign trade. Now all the financial transactions go through the American banks which are automatically in the field of Western influence. It also concerns such giants as Visa and Mastercard which terminated their cooperation with a number of Russian banks in the time of Crimeacrisis. The Russian President has declared creation of a national payment system," said the German newspaper.

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