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western sanctions

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Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

Leave a Comment / Alexander Babakov, Bitcoin, brics, Chinese Yuan, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Qiang Xiaoyun, Russia, U.S. dollar, Vladimir Putin, western sanctions, Zhou Weidi / / / , , , , , , , , ,

Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, the so-called weaponization of its ubiquitous use has made some countries consider other options for […]

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India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade

Leave a Comment / banking sources, Bitcoin, BRICS Nations, Crude Oil, Crypto Hacked, Cryptocurrency, Currency Exchange, Daniel Ahn, discounted prices, economic power, Economic sanctions, Economics, emerging economies, energy markets, energy security, Ethereum, European petrol stations, financial transactions, Foreign Policy, former chief economist, geopolitical risks, global oil trade, India, international oil trade, non-US denominated fiat currencies, oil deals, oil traders, reserve currency, Russia, trade agreements, transitory gains, UAE dirham, United Arab Emirates, US Dollar, US State Department, western sanctions / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure. Sources Say Non-U.S.

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