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Showing posts with the label PETRO_DOLLAR

In Snub to Washington, UAE reaches out to Russia

Washington’s geopolitical cards are dwindling rapidly. The high-level UAE visit to Moscow this week has consolidated OPEC+ support for Russia in the energy war now raging between east and west.

King of Saudi Arabia to accept Yuan for oil sales rather than US dollar

SERIOUS BUSINESS: It might appear to be just a simple switch from dollars to the Yuan or the Renminbi, but it is a very significant deal that has massive consequences for the US and the status of its currency as the global worlds reserve currency.

Beijing and Riyadh Herald End of US Dollar Empire

China and Saudi Arabia want to switch their oil trade to payment in Chinese renminbi, or yuan. This will break the power of the petrodollar and launch the collapse the US empire. Now what?

NEW RESERVE CURRENCY? Say Hello to Russian Gold and the Chinese PetroYuan

On Friday, the Eurasian Economic Union and China agreed to design the mechanism for an independent international monetary and financial system.

Russia: U.S. Hegemony Has Ended, Wants New Rules

Russian State Controlled Media: Moscow's decision to conduct a special military operation on the territory of Ukraine, the goals of which are declared to be the demilitarization and denazification of the country , puts the Western world before new realities.