Tuesday, June 10, 2014

Russia adds another feather to its cap in war against the dollar

In the business world, there are three ways to conduct a transaction.  First, there is a negotiated plan where both sides achieve exactly what they want and are happy with the terms of the deal.  Secondly, there are deals that involve one side offering incentives to the other side, giving the second party a short-term advantage in the hopes by the first party that they will win out in the long-term.

Then there is the take it or leave it proposal, where original agreements are torn up and one side chooses to renegotiate terms based on their inherent or earned power over the other party.  It is this third option that Russia’s oil conglomeration is now offering first voluntarily to its customers, and later with the intrinsic threat that those who choose not to accept the new terms will be forced to cede to them in the future, or find an alternative that will be far more costly.

Read more on this article here...


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