Undermine US dollar? Saudi Arabia mulls oil sales in Chinese yuan/India explores Rupee-Ruble payment

Undermine US dollar? Saudi Arabia mulls oil sales in Chinese yuan/India explores Rupee-Ruble payment

C
China Insights
Mar 1, 2025

As the war in Ukraine continues, the sanctions imposed by the West haven't deterred Russia from its war effort but they have clearly weakened the Russian economy. At one point, they resulted in a significant devaluation of the ruble. Russia responded with a counterattack. It put in place three financial countermeasures.
We hold the view that the communist ideology and system of the CCP is the most damaging factor for humanity and the world today. It needs to be treated with care and caution by all people of good will.
It’s regrettable that Russia, with all its different values from the CCP, has been pushed into its arms. If influential politicians around the world could only think in this light, the global landscape today and in the future may be completely different.

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