Historic Deal

If European and Asian nations keep joining the Russo-Chinese efforts to bypass the U.S. dollar, the outcome for the American economy could be catastrophic.

Russian state energy giant Gazprom and China’s state-run National Petroleum Corp. clinched an agreement on September 6 to switch to Russian rubles and Chinese yuan for sales of Russian natural gas to China. The move is the latest sign of a deepening alliance between Moscow and Beijing and also suggests that the days of the United States dollar’s global dominance may be numbered.

Read more at “Russia and China Ink Historic Deal to Settle Gas Sales in Rubles and Yuan”

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