Monday, December 22, 2014

Russian Rouble is the battleground for two economic empires

For most of the year, China has relegated itself to being a neutral observer in the proxy war of sanctions being waged by the U.S. against Russia and the Russian currency.  But last week, after Congress passed a new war-mongering resolution and Europe decided to continue standing with Washington in the game of sanctions, China finally entered the conflict by unequivocally stating that they not only stand with their trade and energy partner, but will do whatever needs to be done to stabilize the Rouble, and aid the Russian economy.

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