Putin Declares ISIS On “Brink Of Total Defeat”, Warns NATO War Has Been “Total Lie”


whatdoesitmean

By: Sorcha Faal, and as reported to her Western Subscribers

A sobering report issued by the Ministry of Defense (MoD) states that in an address to Federation military commanders at the National Control Defense Center wartime government headquarters in Moscow earlier today, President Putin declared that Islamic State Forces (ISIS/ISIL/Daesh) operating in the Levant War Zone are on the “brink of total defeat” and that the Western nations claims that they had been battling these modern day barbarians has now been exposed as a “total lie”.

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According to this report, Aerospace Forces, which in the past 48 hours have destroyed 472 terrorist targets, and in the past 5 days have obliterated 1,000 of their oil tankers, and when combined with the nearly 3,000 air and cruise missiles strikes conducted by Russian military and naval forces against these terrorists since 30 September, have reduced ISIS to having only 34 operating bases—a number confirmed by Iraq’s al-Nakhil news agency.

Adding to the coming success in defeating Islamic State forces, this report continues, are the new airstrikes against these terrorists being launched from the French aircraft carrier Charles de Gaulle under the control of Federation Aerospace Forces by order of President Putin after France broke with NATO and sided with Russia in this war.

Joining Russia and France too in battling ISIS, this report notes, is China, whose Foreign Ministry spokesman, Hong Lei, earlier today stated “Russia’s large-scale activities are an important integral part of the international counter-terror actions… China supports Russia’s efforts to combat terrorism”.

Not just in words either is China supporting Russia in the Levant either, this report says, but in military forces too as an estimated 3,000 Chinese marine forces are now operating in Syria under Federation military command—and which the United States has dispatched its USS Harry S. Truman aircraft carrier strike force against with its commander, Captain Ryan Scholl, warning:

ISIS is not the only challenge that awaits the flotilla, which includes the cruiser Anzio, Carrier Wing Air 7, and destroyers Bulkeley, Gravely and Gonzalez. Russian, Chinese and Iranian marines have established their presence in Syria, and Russian warships from the Black Sea have relocated to the eastern Mediterranean to protect fighter jets conducting airstrikes in support of Syria’s Assad regime. In preparation, the strike group’s Composite Training Unit Exercise focused on adversaries that more closely resembled those of the Cold War.”

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To if the United States led NATO will intervene to protect their Islamic State allies against total defeat and risk World War III with Russia and China, this report warns, is the greatest unanswered question now facing the Federation—a question made more complicated by official Washington’s many false narratives about Russia and Syria that have gotten so tangled that they have become a danger to the struggle against Sunni jihadist terrorism and conceivably a threat to the future of the planet.

And to how complicated the United States propaganda narrative about this war has become, this report notes, was evidenced this past week when one American news programme, PBS, actually showed their viewers a false report about the US Air Force bombing ISIS targets in Syria, but used in its entirety Russian Aerospace Forces videos posted on the MoD website.

To the “sick joke” perpetrated upon the peoples of the West about the war against the Islamic State, this report continues, was laid even more bare by President Putin when he told his commanders that evidence now proved that NATO member Turkey had supplied these terrorists with an estimated 100,000 fake passports enabling their travel to Europe and America.

Even worse, this report says, a former ISIS fighter told the American news magazine Newsweek that Turkey was allowing ISIS trucks from Raqqa to cross the border, through Turkey and then back across the border to attack Syrian Kurds in the city of Serekaniye in northern Syria in February and that ISIS militants would freely travel through Turkey in a convoy of trucks, and stop at safe houses along the way.

And with documents leaked in September 2014 showing that Saudi Prince Bandar bin Sultan had financed weapons shipments to ISIS through Turkey, and a clandestine plane from Germany delivered arms in the Etimesgut airport in Turkey and split into three containers, two of which were dispatched to ISIS, this report continues, the warning issued in December 2014 by Claudia Roth, deputy speaker of the German parliament, who expressed shock that NATO is allowing Turkey to harbour an ISIS camp in Istanbul and facilitate weapons transfers to Islamist militants through its borders tacitly support ISIS oil sales was ignored.

Also, this report notes, in his testimony before the US Senate Armed Services Committee in September 2014, General Martin Dempsey, then chairman of the US Joint Chiefs of Staff, when asked by Senator Lindsay Graham whether he knew of “any major Arab ally that embraces ISIL”? General Dempsey replied: “I know major Arab allies who fund them.” US allies that include Saudi Arabia, Qatar, the UAE, and Kuwait in particular — all of whom, for the last four years at least, have funneled billions of dollars largely to ISIS.

The consistent transfers of CIA-Gulf-Turkish arms supplies to ISIS which have destroyed Syria and led to the rise of the Islamic State, this report further notes, has, also, been documented through analysis of weapons serial numbers by the UK-based Conflict Armament Research (CAR), whose database on the illicit weapons trade is funded by the EU and Swiss Federal Department of Foreign Affairs, and led, this past week, Professor David Graeber of London School of Economics stating the obvious:

Had Turkey placed the same kind of absolute blockade on Isis territories as they did on Kurdish-held parts of Syria… that blood-stained ‘caliphate’ would long since have collapsed — and arguably, the Paris attacks may never have happened. And if Turkey were to do the same today, Isis would probably collapse in a matter of months. Yet, has a single western leader called on Erdoğan to do this?”

And with Russia having long warned that Obama regime polices were aiding the Islamic State, this report says, new evidence is now emerging in the United States proving their military officials have been lying to their President, Congress and the American public about their fight against ISIS—and which this past week led the Pentagon’s Inspector General, who is in charge of the investigation, to seize a massive number of Central Command emails from US military computers, along with other documents, in an effort to uncover how deep this conspiracy goes.

While the US begins its charade to investigate this plot to plunge our world into total war, this report concludes, the truest facts behind this conspiracy remain untold to the West (and which we had reported on in our 14 November report Russia Warns Friday The 13th Paris Massacre Is Masonic Power Play For World War III), but which another “puzzle piece” is soon to be laid down when the secret archive that lists two million Freemason members is published for the world to begin to see how deep this plaque goes.

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November 23, 2015 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

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Putin Orders Military Draft Of 150,000 As Russian Air Fury Pounds Syria


whatdoesitmean.com

By: Sorcha Faal, and as reported to her Western Subscribers


A new Ministry of Defense (MoD) report circulating in the Kremlin today states that yesterday’s decree signed by President Putin for the autumn conscription campaign of an additional 150,000 troops will ensure the continued combat viability of Federation Military Forces as it faces not only Islamic State (ISIS/ISIL) terrorists, but the growing threat of war between Russia and the West.

According to this report, even though Kremlin spokesman Dmitry Peskov stated about President Putin’s conscription decree that “this… is a regular document which the president signs twice a year. It is not related to Syria in any way, of course, this situation does not concern the draftees in any way”, the propagandist lies being disseminated by the Obama regime about the Federation now border on the perverse.

Fueling the Obama regimes anger against Russia, this report continues, was President Putin, yesterday, requesting, and then receiving, a Declaration of War against ISIS/ISIL forces operating in Syria—immediately after which he ordered combat operations to begin.

Immediately prior to Russian combat operations against ISIS/ISIL forces in Syria beginning, this report states, Russia’s top military commander in the Middle East presented to the Americans at their embassy in Baghdad, Iraq, a legal démarche demanding that the United States cease all operations in Syria as it was in clear violation of United Nations and international law by its unprovoked attacks against the sovereignty of a foreign nation—a crucial point expounded on by former US Central Intelligence Agency (CIA) and US State Department analyst Larry Johnson who said:

Under international law, Russia holds all of the cards in Syria. It has been invited into Syria by the Government of Bashir Assad. The Syrians want the Russians on the ground and in the fight. The United States, by contrast, is the law breaker. We are committing an act of war against the Government of Syria by conducting unauthorized air strikes and inserting U.S. Special Operations forces on the ground.”

And of the greatest worries to Russian combat commanders in Syria requesting that this démarche be issued to the Americans , this report warns, are for those US Special Forces operating illegally in Syria who “insanely” have been ordered by the Obama regime to wear a combat designation patch on their uniforms that is nearly identical to that worn by ISIS/ISIL troops thus putting their lives in grave danger.

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US Special Forces Patch (left) ISIS/ISIL Patch (right)

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With the Obama regime having now been issued this démarche, this report says, Russia is now no longer legally responsible should these US Special Forces be killed by Federation airstrikes (or other such combat methods) and, even more dangerously, American aircraft illegally operating in Syrian airspace are likewise able to be targeted and downed too.

Important to note too, MoD analysts in this report state, the Federation, prior to yesterdays combat, attempted to forestall war when, back in August, all of the Syrian opposition groups were invited to Moscow to mediate and end to this conflict.

However, this report continues, with the Obama regime blocking all avenues of peace, Russia was left with no choice but to declare war on ISIS/ISIL thus causing President Putin to shame these Western warmongers by stating earlier this week at the United Nations:

Instead of the triumph of democracy and progress, we got violence, poverty and social disaster — and nobody cares a bit about human rights, including the right to life, I cannot help asking those who have forced that situation: Do you realize what you have done?

And to what exactly these Western warmongers have done, this report details, is to unleash the fury of over 50 Russian Aerospace Forces warplanes and helicopters that have begun to pulverize ISIS/ISIL forces in Syria.

Russian jetfighters

With the Obama regimes backed media propaganda against the Federations war on ISIS/ISIL becoming more absurd and outlandish by the hour, this report says, Foreign Minister Sergey Lavrov was forced to advise American reporters to stop listening to the Pentagon and, instead, get the truth directly from the MoD.

In just one example of this Obama regime propaganda, this report notes, was the accusation that Russian forces were killing children—which was immediately proved to be a lie when the picture used by the American media to support this allegation turned out to be a complete fabrication as it was taken five days prior to any Federation combat operations. .

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And as these 150,000 new Russian troops begin reporting to their training bases, this report concludes, though they will, most likely, not have to fight in Syria, the same cannot be said about the West—especially when viewed in the light of the United Kingdom’s top military officer calling on his nation to prepare for war with Russia.

Other reports to read on the September 2015 War include:

Putin Authorizes Air Strikes On “American Interests” As Thousands Of Russian Troops Pour Into Syria  

Fears Explode In Russia After Obama Orders Sudden 9/11 Type War Drill  

Russian Troops Put On Combat Alert Over Obama Regime False Flag Fears

Putin Activates Shocking “Defend Israel” Atomic War Plan

US-EU Refuse To Accept Massive List Of 87,000 Islamic Terrorists From Russia

CIA Breaks With Obama, Vows To Help Russia Defeat ISIL/ISIS

Russian Atomic Bombers Ordered To “First-Strike Zones” As Germany Nears Collapse

Russian Report States Total Defeat Of US Military Would Take 3 Weeks

Obama In Ecstasy As “Nuclear Tsunami” Ignites Islamic End Times Fears

Russia Begins September War, Issues Dire Warning To Britain

October 1, 2015 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

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Xi, Putin Stay at Chinese-Owned Waldorf Obama Snubbed


This is a very important story and shows how China and Russia are increasingly close and strong allies who are flexing their muscles and asserting themselves as rival superpowers to the U.S.

The Chinese are very aware of the importance of symbolism and this appears to be a subtle show of allied force and underlines the strength of their deepening alliance with Russia. – Gold Core


Bloomberg Business

The Waldorf

Chinese President Xi Jinping leaves the White House, where he discussed the theft of commercial secrets, and heads to New York to check in tonight at the Waldorf Astoria, where his privacy is sure to be guaranteed by the hotel’s new Chinese owners.

On Sunday, Xi will be joined by Russia’s Vladimir Putin, who also picked the Waldorf for his first stay in Manhattan in a decade, according to diplomats preparing for the Eurasian leaders’ address to the annual seven-day session of the United Nations General Assembly.

The occupancy of two such high-profile figures, whose countries routinely vote in tandem at the UN Security Council, comes as the U.S. instead switches loyalties after a decades-long tradition of staying at the storied hotel built on a former cemetery. President Barack Obama and his entourage will relocate to South Korean-owned Lotte New York Palace Hotel for UNGA week.

The Hilton Worldwide Holdings Inc. sold the midtown hotel in 2014 to Beijing-based Anbang Insurance Group Ltd. for $1.95 billion. For now, the 42nd floor of Waldorf Towers still serves as the official residence for the U.S. ambassador to the UN.

Secure Location

While the Hilton will manage the property for the next century under the terms of its sale, Anbang’s ownership and call for a major renovation raised concerns about whether the Waldorf would remain a secure location for sensitive and classified government conversations, according to two U.S. officials, who asked not to be named citing sensitivity of the matter.

Indian Prime Minister Narendra Modi and Pakistan’s Nawaz Sharif are staying at the Waldorf, which is just a few blocks east of the UN campus.

German Chancellor Angela Merkel and Brazilian President Dilma Rousseff, whose personal phone calls have been spied on by the U.S. National Security Agency, instead chose lodgings farther north from Turtle Bay in east Midtown.

Merkel will be getting her beauty sleep at the Mandarin Oriental in Columbus Circle, and Rousseff at the Plaza Athenee in Lenox Hill.

(Corrects to remove reference to South Korean president in sixth paragraph.)

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US Banking Giant Citigroup Moves Massive Gold Reserves To Russia


Whatdoesitmean

By: Sorcha Faal, and as reported to her Western Subscribers

A curious Ministry of Finance (MoF) report circulating in the Kremlin today says that the Central Bank of Russia (CBR) has “accepted for protection” 3 million ounces of gold worth over $3.5 billon from US banking and financial services giant Citigroup along with a further nearly $100 billion in cash.

citigroup

According to this report, 1.4 million ounces of this now protected gold in the vaults of the CBR were shipped directly from Venezuela after this past April’s complex agreement between that South American nation and Citigroup, with the remaining 1.6 ounces coming from various countries this banking and financial service giant has cut ties with in the past year and a half.

Of the 11 nations, including Japan, that Citigroup has cut ties with, this report explains, even in the face of Western sanctions Citigroup has refused to sever its Federation relationship with its chief financial officer, John Gerspach, simply telling the Obama regime “We are not leaving Russia”.

Citigroup itself on its webpage, this report notes, further explains this relationship with the Federation by stating:

Citi’s history in Russia began almost 100 years ago and is closely tied to the dramatic events that unfolded during that period of the country’s history. Citi has always acted as a unifying link between the Russian economy and other world economies and played an important role in the development of the country’s trade and external economic relations.

Citi first entered Russia on the eve of the Revolution. In 1916, Citi, then-called National City Bank (NCB), underwrote bonds to support the government of the Russian Empire as World War I took its toll on the country’s resources.”

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President Vladimir Putin receives Sandford Weill executive chairman of the Citigroup transnational

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Of the $100 billion in cash “accepted for protection” by the CBR from Citigroup, this report continues, all of it was airlifted to Moscow from Cairo this past week ahead of today’s Central Bank of Egypt ruling approving the sale of this US banking giants assests in that country to the Commercial International Bank (CIB) which they had announced this past June.

As to why Citigroup had a staggering $100 billion in cash secreted away in their Egyptian banks this report doesn’t say, but the MoF does note that the gold and monies “accepted for protection” by the CBR from Citigroup now exist under Federation laws and are not allowed to be claimed by any foreign entity, including the United States.

Central Bank of Russia

Russian Central Bank Moscow

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As to why Citigroup would need such extraordinary protection of their assests, MoF experts contributing to this report explain, is due the Obama regimes relentless assault upon it that includes a $700 million fine for “unfair and deceptive practices a few weeks ago and a continuing investigation into student loan servicing this banking giant warns could result in even more financial penalties…all of which are on top of the $7 billion they were forced to pay last year due to their mortgage loan practices.

Even more important to note, these experts say in this report, is Citigroup leadership becoming “highly concerned” that the US economy is nearing collapse as was evidenced yesterday in the United States Black Monday Collapse which saw over $1.8 in wealth vanish from the estimated $24.1 trillion in stocks held by the American public.

Though China’s rate cut earlier today in the face of their nations worst market collapse in 20 years has, for the moment, decoupled them from the rest of the world’s markets providing an illusion of momentary stability, this report warns, yesterday’s sell-off was not really caused by the Chinese, but total global confusion…with the worst to come in the coming weeks.

Critical to note is that this dire MoF assessment of what is to come has been bolstered by former British Prime Minister Gordon Brown’s top advisor Damian McBride, who grimly stated yesterday:

Advice on the looming crash, No.1: get hard cash in a safe place now; don’t assume banks & cashpoints (ATM’s) will be open, or bank cards will work. Crash advice No.2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping. Crash advice No.3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.”

As more nuclear capable American and Russian forces converge on the Western Front however, this report grimly concludes, the advice to the Obama regime by one of their top economic counselors, Paul Krugman, that either a World War, or war with aliens, is needed to fix their economy, one can readily see where this is all going to end up…much sooner than later.

And though Citigroup is now protecting itself, one can only wonder how many others are too. But, no matter what happens, even if it’s the worst, no one can say that they weren’t warned…only that they didn’t listen.

August 25, 2015 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

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‘Bankruptcy closer every day, and you believe statistics?’


Statistics…lol!

I was doing statistics…I always produced the best statistics…the ones that my bosses love to see? They loved it and I got good pay rise and rewards because of it!

This is a wise farmer…wiser than world leaders or any corporate bosses…he wouldn’t have accepted my statistics either…

RT

John Kopiski April 16, 2015. British farmer John Kopiski, Russian citizen since 1997, during the annual Direct Line with Vladimir Putin special broadcast in the main studio of Moscow’s Gostiny Dvor exhibition hall (RIA Novosti / Alexey Druzhinin)

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An expat Englishman, who runs a farm not far from Moscow, has grilled the Russian president and asked where Putin gets his statistics. The farmer said his farm and other dairy farmers were struggling to survive.

President Vladimir Putin held his 13th marathon Q&A on Thursday. More than 3 million people sent in questions, touching mainly on the economy and the situation in eastern Ukraine. Apart from questions that were sent in, Putin also answered live telephone calls, video feeds – and questions from the audience.

One such question came from an English expat John Kopiski, who owns a dairy farm in the Vladimir region not far from Moscow.

John’s tenure in Russia now stands at 23 years and counting. When he arrived in 1992 he probably had no idea of the turnaround life would present him. A coal and steel industry worker was on a business trip in Moscow when he met the love of his life, Nina. To win her heart, John moved to Russia and converted to Orthodox Christianity.

Despite the huge efforts put into the dairy farm, John Kopiski is yet to turn a major profit on his venture and this is largely due to unfavorable market conditions in the agriculture industry.

“I have 1,700 milk cows that each gives 10,000 liters of milk per year… I’m forced to sell them now because the cost price is higher than retail. I cannot expand my business because I’m not making profit after doing this for 15 years… Banks ask for 120 percent, sometimes 200 percent collateral on a loan,” Kopiski told Putin in Russian.

The farmer said he and his son would like to go on with the farm, but were fearful the business may go down the drain. He asked whether Putin thought the statistics the government used to develop its policies were accurate enough.

“I feel bankruptcy getting closer every day… You have the statistics and it might seem ok but I’m sorry to say – it is not so. Please forgive me if my question is blunt. I have five children and I love Russia. It’s their motherland and I want to ensure their future here, but it must be based on truth and facts. That’s why I’m asking: do you believe what you are shown? Or is the president being lied to because his subordinates are afraid to say the truth,” he said.

Putin, thrilled to meet a British national farming in Russia, said he trusted statistics, though figures may be questioned in any country. However, the statistics were “more right than wrong,” he said.

“Purchasing prices for milk today are lower than the prime cost, and this creates issues. This comes from statistics, by the way. I do not have grounds to mistrust it,” Putin said. “I don’t know your milk yields, but in Russia in general they are a bit low compared to other countries. The reality is clear.”

“You may think the government is not aware of what is going on – we are. Maybe, we have not taken enough measures, but we are working on that… The government decided to subsidize the farmers’ floating capital,” Putin assured Kopinski. “You said you’ve been doing this for 15 years. You should continue with what you are doing because if it didn’t work you wouldn’t have been able to keep it up for 15 years.”

He added that Belarus exports dehydrated milk to Russia and that too has the effect of lowering prices.

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‘True story!’ MSM spins theory that Putin hijacked #MH370 and landed it in Kazakhstan


RT

mh370

Anti-Russia propaganda over Malaysia Airlines flight MH17 was bad enough. Now one CNN aviation analyst is blaming Russia for the missing MH370 plane as well – and the Western press is eating it up.

Malaysia Airlines MH370 vanished in March last year, shortly after departing from Kuala Lumpur en route to Beijing. Efforts to find the plane have turned up nothing so far, and the fate of the Boeing 777 and its passengers is unknown.

One of the aviation experts consulted by CNN during the MH370 coverage has now claimed that Russia hijacked the plane. In a lengthy feature for New York magazine, Jeff Wise proposed a theory that MH370 was hijacked by Vladimir Putin (who else?) and landed at the “slowly crumbling” Baikonur Spaceport.

Except Baikonur isn’t some sort of secret Area 51 facility; all manned space flights to the International Space Station (ISS) take off from there. In fact, the first part of Expedition 40 to the ISS took off from Baikonur on March 25, 2014.

Wise admitted he had no idea what the possible motive for such a heist could have been, but said in the article that Russia was a “paranoid fantasist’s dream” and that, when he heard about the Russians being suspected in the destruction of MH17, it “seemed so perfectly to tie the bow” on this construction. However implausible or downright insane his theory seems, he is perfectly certain of it.

“Why, exactly, would Putin want to steal a Malaysian passenger plane? I had no idea,” Wise confesses.

There is nothing wrong with having an opinion, even if it is crazy and not based on evidence or observable reality. Judging by his observations about MH17 and Russia, Wise has clearly fallen victim to what psychologists call confirmation bias – a tendency to see and interpret information in a way that confirms one’s preconceptions.

However, almost the entire mainstream press in the West suffers from this when it comes to Russia – prompting several commentators to dub the phenomenon ‘Putin Derangement Syndrome.’ Witness the recent announcement by a “Pentagon think-tank” that Vladimir Putin is supposedly autistic, dutifully reported as fact. Now it seems Jeff Wise’s fantasy is due for the same treatment.

The Daily Mail, for example, has already presented Wise’s theory as fact, tacking it onto the legitimate news coverage of the newly released National Geographic documentary about MH370. According to the Daily Mail’s ever-so-helpful bullet points, “Putin ‘spoofed’ the flight data and landed the plane in Kazakhstan.”

As a reminder, when Malaysia Airlines flight MH17 was shot down over the war zone in eastern Ukraine on July 2014, Kiev and the mainstream Western media ignored every single fact of the case in order to blame Russia, and Vladimir Putin personally. British tabloids led the pack, with headlines like ‘Putin’s rebels blew up plane,’ (The Daily Express), ‘Putin killed my son’ (The Daily Mail), and ‘PUTIN’S MISSILE’ (The Sun).

READ MORE: If Russia is behind MH17 crash, where’s the evidence? – Defense Ministry

When asked about evidence of these charges, the West offered none. And after the Russian military released its own findings about MH17, Western coverage of the shoot down abruptly fell silent. News that the Kiev government actually signed a non-disclosure agreement with the Netherlands, Belgium, and Australia in early August, reserving the right to gag any revelations in the MH17 investigation, did not fit the “blame Russia” narrative – so it was ignored.

What’s next? Accusing Putin of controlling the weather?

Nebojsa Malic for RT

Nebojsa Malic is a foreign policy analyst and blogger, working in Washington, DC. A columnist for Antiwar.com and Strategic Culture Foundation, he occasionally appears on RT.

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BYE-BYE dollar !!


RT

Moscow & Cairo to drop USD, use national currencies in bilateral trade – Putin

Putin and Al-Sisi

Russia’s President Vladimir Putin (R) shakes hands with his Egyptian counterpart Abdel Fattah al-Sisi (Reuters / STR)

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Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country.

READ MORE: Iran moves away from US dollar in foreign trade

The issue of abandoning the dollar in trade is “being actively discussed,” Putin told Al-Ahram daily newspaper ahead of his two-day trip to Egypt. The Russian president was invited for a bilateral meeting by his Egyptian counterpart Abdul Fattah al-Sisi.

“This measure will open up new prospects for trade and investment cooperation between our countries, reduce its dependence on the current trends in the world markets,” Putin said.

“I should note that we already use national currencies for trade with a number of the CIS [Commonwealth of Independent States] states, and China. This practice proves its worth; we are ready to adopt it in our relations with Egypt as well. This issue is being discussed in substance by relevant agencies of both countries.”

Egypt is a long-time and trusted partner of Russia and the relationship between the two countries has been rapidly developing, the Russian president said.

“The volume of bilateral trade has increased significantly over the past years: In 2014, it increased by almost half compared to the previous year and amounted to more than $4.5 billion,” he said urging for this trend to be strengthened.

READ MORE: Big investor interest in Russia, despite pressure – president of world’s largest aluminium producer

He also praised the development of “mutually beneficial and effective” cooperation in the sector of agriculture. “Egypt is the major buyer of Russian wheat, Russia provides about 40 percent of grain consumed in the country; as for us, we import fruits and vegetables.”

Moscow imposed a full ban of EU, US, Australian, Canadian, and Norwegian food exports to Russia on August 7 for one year. Amid Russian sanctions, Egypt said in August that it was ready to boost agricultural deliveries to Russia by 30 percent.

During 2013, Egypt’s deliveries of agricultural products to Russia amounted $440 million, while during the first half of 2014, Cairo supplied $460 million, said the head of the Ministry of Agriculture of the Russian Federation, Nikolay Fedorov in August 2014.

Moscow and Cairo are also engaged in energy, automobile manufacturing and transport cooperation, developing the intergovernmental trade, economic and scientific-technical cooperation commission as well.

During Sisi’s last visit to Russia in August 2014, the two leaders agreed to look at a possibility of creating a free trade zone between Egypt and the countries of the Customs Union. Meeting in the Black Sea resort city of Sochi, the presidents also agreed upon the creation of a Russian industrial zone in Egypt, which will be part of a new Suez Canal project.

Egypt launched a Suez Canal development project worth $4 billion in August 2014. The project envisages the digging of a new canal parallel to the original built 145 years ago with the aim of speeding up traffic along the existing waterway and boosting the country’s economy.

READ MORE: Russia-China trading settlements in yuan increases 800%

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