06/14/24

Permalink Dollar becoming ‘toxic’ – Russia’s top MP

BRICS countries are abandoning the greenback because it is being used as a political tool, Vyacheslav Volodin has said | Washington has completely undermined trust in the US dollar as a global reserve currency by using it as a political tool to impose “illegal” sanctions on Russia, State Duma Chairman Vyacheslav Volodin has said.  The US government announced a new batch of sanctions against Russia on Wednesday, targeting the energy, metals, and mining industries, as well as the Moscow Stock Exchange and major lenders Sber and VTB. The measures, which cover 300 additional individuals and entities, are aimed at impacting trade between Russia and its partners in China, Türkiye, and Kyrgyzstan, as well as other nations in Central Asia, the Middle East, and the Caribbean.

The Collapse of the Petrodollar: Exposing the End of U.S. Dollar Dominance and the Rise of BRICS Power (MEDIA)
The Petrodollar Ended On June 9th; Sauds No Longer Ally w. U.S. (Eric Zuesse/Paul Hoffman)
Do the new US sanctions mark Russia’s final divorce from the dollar? (Henry Johnston)
U.S. Empire Is Now Falling Apart (Eric Zuesse)

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