Hitting Where It Hurts: Why Russia, India and China Are Growing Non-Dollar Trade

Hitting Where It Hurts: Why Russia, India and China Are Growing Non-Dollar Trade

Much has been made of the possible geopolitical motivations behind the decision to price the $5 billion Russian-Indian S-400 deal in roubles, and Moscow and Beijing are eyeing another rouble/yuan-based trade compact. However, Sputnik has discovered that there’s also a purely economic reason for the three countries to move away from the dollar.

0
Like
Save
Edit

Tags

Accident Arms Army Austria China Clashes Conflict Crime Crimea Crisis Economy EU Europe Finance Germany Health History Human rights Information Technology Intelligence internet Iraq Law Mass media Military NATO Obama Opposition Police Politics Protest Putin Russia Sanctions Scandal Security Snowden Syria terrorism UK Ukraine USA video Violence war

9th Most Read

A Log in Your Own Eye: Decades of US Meddling in Foreign Elections
Web of Deceit | The History of Western Complicity in Iraq
Russian economy under Putin: Quality of life tripled, foreign debt fell 75%
9/11 The Peace We Lost
United We Fall – [Full Film]
UK media demonizing Russia as “guilty” of daring to resist US Empire
Hotel in Russia’s Crimea named best in the world (VIDEO)
NSA’s telephone metadata collection not authorized by Patriot Act – appeals court
BRICS bank legislation submitted to Russian parliament