No more Petro-Dollars?!#SaudiRussiaChina pic.twitter.com/6pcSwKfuTh
— Willem Middelkoop (@wmiddelkoop) March 15, 2022
The Beginning of the End of the Petro Dollar System
Saudi Arabia is in active talks with Beijing to price its some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.
What if Russia expected the exact reaction of the west. What if Russia actually wanted the sanctions to undermine the United States Dollar as the reserve currency of the world. This heavily benefits China. The Yuan can become the new reserve currency. We know that China knew of the Russian invasion plans.
Trish Regan: “If INDIA buys Russian crude oil, INDIA should expect to be sanctioned by the United States. won’t work out so well for India
If INDIA buys Russian crude oil,
INDIA should expect to be sanctioned by the United States.
And, believe me, that won’t work out so well for India’s economy.
Right now: you’re with US or you’re against us. Simple.
— Trish Regan (@trish_regan) March 14, 2022
#Breaking:🚨 Indian Oil Corporation buys 3 Million Barrels Russian Crude Oil at a discount of 20-25%. Payment in Rupees on delivery.
— OSINT Updates 🚨 (@OsintUpdates) March 14, 2022
Indian Oil Corporation Buys 3 Million Barrels Of Russian Urals At Discounted Rate: Reportt.co/LcERiBaJvR
— Swarajya (@SwarajyaMag) March 15, 2022
h/t pkmnhug