Russia will no longer use dollars and buy in sell in rubles - What will this do to the US petrodollar?

03/30/2014 - 00:00

By Umberto Pascali - 

Russia “forced” by the sanctions to create a system independent from the Dollar.  

Russia announces that it will sell (and buy) his products and commodities – including oil – in rubles; not anymore in dollars

Putin has been preparing this move — the creation of a payment system in rubles completely independent and protected from the Dollar and the killer speculations of the big Western financial institutions — for a long time.

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