Dollar Dominance

China and Russia move to disrupt dollar dominance in oil markets | OilPrice.com

The long-talked-about prospect of the end of US dollar hegemony in global oil and gas markets took another step closer to fruition last week with the announcement that Russian and Chinese oil and gas giants Gazprom and China National Petroleum Corporation (CNPC) agreed to change payments for gas supply in rubles (RUB) and renminbi (RMB) …

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