Tuesday, June 10, 2014

Economic sanctions by U.S. will increase flight away from dollar

A week after Russia and China signed off on the world’s largest energy deal in history, more Russian companies are seeing the East as the future of business, and this primarily includes trusting in the Renminbi over as the currency of choice.

And in a recent report on the shift away from the U.S. and the reserve currency, Russia is using economic sanctions as justification for the move, and are set to increase trade away from the dollar each time the U.S. imposes a new sanction.

More on this article here...


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