03/23/22

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Ruble Surges After Putin Ditches Dollars and Euros for Russian Oil and Gas: Today, the Russian President Vladimir Putin may have just pulled one of the most adroit strategic moves in living memory – one which has the potential rock the US dollar’s long-held privileged position as an unassailable world reserve currency. Putin announced that from now on, Russia will only accept payments in their own currency, rubles, for any future oil and gas deliveries to “unfriendly countries.” Presumably, this would include all EU members, the US, and anyone else who is dutifully going along with Washington’s orders on sanctioning Russia.

Ruble rockets on gas currency switch
The dollar fell to 95 rubles on the news about the sale of Russian gas for rubles
Russia Retaliates on Sanctions; "Unfriendly Countries" Can Only Buy Gas with Rubles

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