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10 years agoAnalysis tristanojbacon
Russia is striking out at economic sanctions, and is taking it out on the US dollar
Russia is making a concerted attack on the status of the America's greenback dollar as a global reserve currency and is in the process of abandoning the ‘petro-dollar’ as its trading unit for oil and gas. Russian energy companies have been told to ditch the dollar and sign contracts in rubles and the currencies of partner-countries.