Lyn Alden
· 162w
-China and Brazil agree to skip the dollar and exchange their own currencies directly.
-China uses yuan to settle LNG imports from the UAE, from the French supermajor Total.
-Saudi Arabia joins the ...
I believe the US overplayed its hand with regards to support of Ukraine and denouncing Russia’s aggression. The sanctions did very little, since Russia found plenty of ways to get around them. The end result will most likely be remembered as far more substantial than the sanctions. Russia and the countries it does business with decided to cut the dollar out completely, which defangs the bite of the sanctions. The US and its allies may have shot themselves in the foot.
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